Global industries squeezed as Iran war enters third month

We tally the impact of war on industries around the globe as the conflict in Iran stretches into its third month. Plus, Britain braces for voters to deliver a potentially seismic change to the political system. And, though many industries are preparing to deal with shortages caused by the Strait of Hormuz closure, the US and Europe have a glut of milk. Mentioned in this podcast: Airlines slash flights as fuel shortage fears mount UAE fertiliser giant resorts to trucks to shift product out of Gulf Detroit carmakers warn of $5bn commodities shock due to Iran war Exxon and Chevron defy Trump pressure to boost oil production Oil market one month from crunch point as global stockpiles dwindle Trump’s war in Iran leaves US with sharpest fuel shock in G7 Political Fix: Labour braces for ballot box bloodbath The land of milk and no money: UK farmers are in a fix Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted by Victoria Craig and produced by Marc Filippino and Saffeya Ahmed. Our show was mixed by Alex Higgins. Additional help from Peter Barber. 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 Hosted on Acast. See acast.com/privacy for more information.

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Global industries squeezed as Iran war enters third month is an episode from FT News Briefing by Forhecz Topher.

This episode is 11:25 long.

This episode was published on May 4, 2026.

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