Good morning from the Financial Times.
Today is Friday, March 6th, and this is your FT News Briefing.
The threat of an energy supply crunch is causing problems for a lot of countries,
and American data centers have become a target in the Iran conflict.
Plus, America's biggest bank wants to buy an historic New York City hotel.
But there's a problem.
The wrinkle is that the Pakistani government doesn't want to sell the whole thing.
There is a kind of political element to this.
I'm Victoria Craig and here's the news you need to start your day.
As the war in Iran enters its seventh day, the world's energy supplies hang in the balance.
The Gulf's biggest oil producers are expected to start shutting down oil fields in the next few days.
That's because they're running out of storage space,
and that means they're now racing to export existing supply.
All of this is happening
because energy shipments through the Strait of Hormuz have essentially ground to a halt.
U.S.
President Donald Trump earlier this week offered naval escorts and additional insurance to encourage tankers to make the journey,
but the FT has learned that doesn't actually look like a viable option.
Jamie Smith is our U.S.
energy editor.