Good morning from the Financial Times.
Today is Thursday, July 9th, and this is your FT News briefing.
The Middle East conflict is heating up again, and that's probably going to keep hurting the global economy.
But American oil companies, they're benefiting from all this.
Looking forward into the future, prices are expected to remain elevated
for as long as the conflict goes on in the Middle East.
I'm Mark Filippino, and here's the news you need to start your day.
The U.S. Launched strikes against Iran yesterday for the second night in a row.
The latest attacks came just hours after President Donald Trump said the ceasefire was over.
Here he is at yesterday's NATO summit.
I don't want to deal with them anymore.
They're scum.
You know what scum is?
They're scum.
They're sick people.
Trump also said the U.S.
Might reinstate its naval blockade on Iran's ports, but only target Iranian ships.
Oil prices jumped on Tuesday.
In response to all the news, Brent crude reached over $80 a barrel.
Now, this conflict in the Middle East has had a huge impact on inflation,