International - Financial Times - Credit Squeeze

Also in today’s newsletter: Microsoft considers legal action against OpenAI and Amazon

Continued closure of the Strait of Hormuz threatens the movement of gas and fertilisers as well as oil

Containers are being dropped off at far-flung ports while freight rates have soared

British food and drinks supplements can contain 10mg of marijuana or hemp-derived CBD, five times Europe’s daily limit

Brussels will impose a €3 duty per type of item bought online and shipped into the bloc from July

Q&A: Olayemi Cardoso discusses sweeping policy change and the impact of the Iran war

Chief executive Jensen Huang says company received flood of orders and American licences over past two weeks

America has long used sanctions to coerce adversaries, but Iran and China can wield powerful economic weapons too

Also in today’s newsletter, why US shale producers are not cheering for $100 oil

Monetary policymakers are players in the energy shock, not analysts or bystanders

Also in today’s newsletter: top hedge fund says problems in private credit worse than Wall Street admits and Jensen Huang’s bullish outlook

Plus, PCE data drama

Also in this newsletter: The Iran war’s cost to combustion engine cars

Oil disruption deepens concern that price increases could hit economy

Arsenio Dominguez does not believe military protection for ships is a sustainable solution

Extreme uncertainty over inflation comes as rate-setters switch to scenario-planning tools

Higher fuel costs will make it more expensive to transport goods and plant crops

President casts doubt on visit with Chinese leader as officials from both countries lay groundwork for improved relations

Bank sees risks of surge in government borrowing costs and of hit to ‘rich’ asset prices

The administration is preparing to impose Section 301 duties supposedly against unfair trade