International - Financial Times - Credit Squeeze

Budget watchdog’s top economist says high oil and gas prices could deliver ‘completely unwelcome’ hit to economy

A succession of US foreign policy choices has destabilised the oil industry

Also in today’s newsletter, the economies that will pay the biggest price for the conflict

As yet another supply shock hits, central banks will hope its duration is short

Manufacturing and trade figures dating from before Iran war disappoint

Transport ministry summons executives to express concerns about supply chain disruptions

Also in today’s newsletter: Goldman’s discrete shorting strategy, and Chinese exports surge

Reliance on energy imports exposes Japan to volatility and could delay interest rate rises

Trade surplus hits record ahead of crucial summit between Donald Trump and Xi Jinping

Ship tracking data shows gas carriers switch course as prices rise

US permission to buy ‘on-water’ crude leaves Indian refiners still facing Middle East supply shock

Finance ministers pledge ‘necessary measures’ to tackle surging crude prices with deal expected as soon as Tuesday

UK chancellor pledges to be ‘responsive’ to rising living costs but any support would come against difficult fiscal backdrop

The UK and EU must raise their game on power security

Conservatives have called for chancellor to halt planned rise in fuel duty

Iran war expected to derail easing plans as policymakers learn from inflation caused by Russian full-scale invasion of Ukraine

American consumers will feel pain at the petrol pump, but US is a net energy exporter unlike its European allies

Same, but bigger

The Strait of Hormuz is vital for oil and related products but not a critical shipping thoroughfare

Also in today’s newsletter: the discovery of a ‘narco-ledger’ in Mexico and has China ended poverty?