Iran crisis sends European gas prices soaring

伊朗危机推高欧洲天然气价格

FT News Briefing

2026-03-04

11 分钟
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Gas prices have soared on the back of the war in the Middle East, and US president Donald Trump criticised some European nations for not being helpful in the conflict. Plus, the ongoing crisis is disrupting precious-metals trade, and China will unveil its five-year plan during the National People’s Congress meeting on Thursday.  Mentioned in this podcast: Trump threatens to cut trade with ‘terrible’ Spain and calls Starmer ‘no Churchill’ China’s cadres advocate end to overtime to encourage people to have families Brussels urges calm as Iran crisis sends European gas prices soaring Gold and silver flows disrupted as Iran conflict grounds flights Note: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted by Victoria Craig, edited by Marc Filippino, and produced by Fiona Symon and Saffeya Ahmed. Our show was mixed by Kelly Garry. Additional help from 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 Hosted on Acast. See acast.com/privacy for more information.
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  • Good morning from the Financial Times.

  • Today is Wednesday, March 4th, and this is your FT News briefing.

  • The war in the Middle East is causing another potential energy crisis for Europe,

  • and it's setting up another rift between the U.S.

  • and its European allies.

  • Plus, China will lay out its five-year plan tomorrow.

  • We'll unpack what's on deck.

  • I'm Victoria Craig, and here's the news you need to start your day.

  • European stocks and bonds sold off on Tuesday as concerns grow about an energy shock from the conflict in the Middle East.

  • Global oil prices have been trading in the $80 per barrel range this week,