Russia’s double energy whammy

Liz Truss will be the next UK prime minister after winning the Tory leadership race, Opec+ agreed on Monday to cut crude supply in a bid to prop up oil prices, Russia switched off Europe’s main gas pipeline until sanctions are lifted, and Singapore has become a haven for Chinese elite who are fleeing strict coronavirus lockdowns and potential blowback from geopolitical tensions. Mentioned in this podcast:Brussels pushes for EU-wide caps on gas priceLiz Truss to be UK prime minister after winning Tory leadership raceOpec+ agrees to cut crude supply in push to lift oil pricesRussia switches off Europe’s main gas pipeline until sanctions are liftedCrazy Rich relocations: Singapore becomes a haven for Chinese eliteTwitter Space: Liz Truss will be UK prime minister. What should we expect? The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.