The price of oil fell sharply, and we’ll take a look at why the US and Israel are avoiding an attack on Iran’s Kharg Island. Plus, the FT’s George Hammond explains what the tenuous relationship between the Pentagon and Anthropic might mean for the AI start-up.

Mentioned in this podcast:

G7 ‘stands ready’ to release emergency oil reserves

Anthropic sues the Pentagon over being declared a ‘supply chain risk’

Gilt market slump deepens as traders bet on Bank of England rate rise

Kharg Island: Iran’s oil lifeline that Donald Trump has left untouched

Webinar: War in the Middle East: What’s the End game?

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 Saffeya Ahmed and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Michela Tindera, Michael Lello and David da Silva. 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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The US is leaving an Iranian island untouched

FT News Briefing