Iran’s top military leadership dismissed Donald Trump’s claims that the Islamic republic was ready to make a deal, the US president appears to make abrupt policy pivots based on swings in oil prices, and the EU’s trade commissioner says time is running out to stop the World Trade Organization from fading into irrelevance. Plus, how worried should investors be about the caps on redemptions at private credit funds?

Mentioned in this podcast:

Iran’s military leaders dismiss Donald Trump’s deal claims

Iran war tests Donald Trump’s tolerance for ‘pain’ in oil market

Meta and Google liable for social media harm to children’s mental health in landmark US case

WTO risks sliding into irrelevance, EU trade commissioner warns

Private credit’s game of footsie is getting riskier

Ares limits withdrawals from $10.7bn private credit fund

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Henry Larson, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

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1. A grande aposta