BBC

We hear how oil prices have been swinging sharply, with Brent crude briefly hitting 126 dollars a barrel as tensions in the Gulf raise concerns about supply and the wider global economy. Saudi Arabia is to stop funding the LIV Golf tour after spending billions to lure top players away from the PGA Tour.

And in India, a surge in digital scams has cost victims around two and a half billion dollars, prompting the central bank to step in.

(Image Credit: FILIP SINGER/EPA/Shutterstock (16852987h) A display shows fuel prices in euro at a petrol station in Berlin, Germany, 30 April 2026.)

The UN Secretary General, Antonio Guterres, has said the closure of the Strait of Hormuz is strangling the global economy. He said that even if the restrictions were lifted immediately, supply chains would take months to recover. We ask what options the US has now and what it's likely to cost.

Also in the programme; two coins dating from the reign of English King Ethelred, known as the Unready for his failure to defend his country against the Vikings, come to light in Denmark; and why Saudi Arabia needs to cut its costs, by pulling out of LIV Golf.

(Photo: A ship in the Strait of Hormuz, Oman Credit: REUTERS/Stringer)

Natasha sees an opportunity, and Brian faces difficult questions.

Saudi Arabia will withdraw its multi-billion dollar backing of LIV Golf at the end of the season, plunging the future of the series into further doubt. LIV was formed as a breakaway from the longstanding PGA tour, offering large sums to lure away some of golf's top players. The move was always seen as controversial - human rights groups accused Saudi Arabia of using sports sponsorship to distract from its poor human rights record. LIV says it hopes to attract new sponsors, though it's not clear who might be able to match the billions which Saudi Arabia's oil wealth had made available. Also: Relations between the US and Germany are tested over the war in Iran as President Trump and Chancellor Merz criticise one another; pro-Palestinian activists say at least 22 boats from a flotilla carrying aid for Gaza have been intercepted by Israeli forces in international waters near the Greek island of Crete; China introduces new restrictions on the use of drones, which include a near- total ban on flying them in Beijing; and a DNA study offers new clues on the fall of Ancient Rome.

The Global News Podcast brings you the breaking news you need to hear, as it happens. Listen for the latest headlines and current affairs from around the world. Politics, economics, climate, business, technology, health – we cover it all with expert analysis and insight.

Get the news that matters, delivered twice a day on weekdays and daily at weekends, plus special bonus episodes reacting to urgent breaking stories. Follow or subscribe now and never miss a moment.

Get in touch: [email protected]

Following reports that President Trump is to be briefed on new plans for further strikes on Iran, Brent crude reached more than $126 a barrel.

Also in the programme, an Australian inquiry has said a Jewish group warned of a 'terrorist attack' before last year's antisemitic mass shooting at Bondi Beach, and how barbaric were the Barbarians?

(Photo: A display shows fuel prices in euro at a petrol station in Berlin, Germany, 30 April 2026. Credit: Filip Singer/EPA-EFE)

Uganda’s new bill could jail citizens for up to 20 years for unauthorised foreign funding, citing concerns over foreign influence on national policy. This has raised questions about the future of civil society, independent organisations, and political freedoms in the country. We look at what the Sovereignty Bill could mean for Ugandans if passed into law.

Meanwhile, in northern Zimbabwe, a conservationist is working with rural communities to transform how people live alongside lions, finding practical solutions to long-standing human–wildlife conflict. Her approach is now gaining international attention, earning her the 2026 Whitley Award.

Presenter : Charles Gitonga

Producer: Ayuba Iliya

Technical Producer: Terry Chege

Senior Producers: Keikantse Shumba and Blessing Aderogba

Editors: Priyanka Sippy and Maryam Abdalla

The price of Brent crude hit a four year high on Thursday before falling back. Markets were reacting to comments from President Trump about maintaining Strait of Hormuz blockade.

Gulf oil producers are running out of storage space for oil production, as exports remain restricted.

And Saudi Arabia is pulling its funding of the LIV golf tour, after investing around six billion dollars since 2021.

Plus, DUP press Finance Minister over gap in NI Civil Service sickness reporting.

Misha Glenny and guests discuss a turning point in world affairs in 1898 that left Spain greatly reduced as an imperial power and the US the owner of the Philippines, Guam and Puerto Rico, with a significant influence over the newly independent Cuba where the war broke out. The US had been eyeing Cuba for decades, waiting for the right moment and the right kind of action, and in April 1898 intervened in the long-running fighting on the island for independence from Spain. With a much stronger navy it was a very uneven battle and the US soon triumphed over Spanish forces from Manila to Santiago de Cuba. This brief war confirmed the US as a power on the world stage and made a shocked Spain turn inwards to ask what had gone wrong. Meanwhile, people in the Philippines were about to attempt a new and bloody independence fight with the US.

With

Frank Cogliano

Professor of American History at the University of Edinburgh

Mary Vincent

Professor of Modern European History at the University of Sheffield

And

Stephen Wilkinson

Senior Lecturer in Politics and International Relations at the University of Buckingham

Producer: Simon Tillotson

Reading list:

Sebastian Balfour, The End of the Spanish Empire, 1898-1923 (Clarendon Press, 1997)

Sebastian Balfour, ‘Riot, Regeneration and Reaction: Spain in the Aftermath of the 1898 Disaster’ (The Historical journal 38.2, 1995)

Ada Ferrer, Cuba: An American History (Scribner, 2021)

Greg Grandin, America, América: A New History of the New World (Torva, 2025)

Richard Kluger, Seizing Destiny: How America Grew from Sea to Shining Sea (Alfred a Knopf Inc, 2007)

Robert W. Merry, President McKinley: Architect of the American Century (Simon & Schuster, 2017)

Walter Nugent, Habits of Empire: A History of American Expansion (Alfred a Knopf Inc, 2008)

Louis A. Pérez Jr., Cuba Between Empires, 1878–1902 (University of Pittsburgh Press, 1983)

John Lawrence Tone, War and Genocide in Cuba, 1895-1898 (University of North Carolina Press, 2006)

Mary Vincent, Spain, 1833-2002: People and State (Oxford University Press, 2007), especially chapter 3

In Our Time is a BBC Studios Production

Spanning history, religion, culture, science and philosophy, In Our Time from BBC Radio 4 is essential listening for the intellectually curious. In each episode, host Misha Glenny and expert guests explore the characters, events and discoveries that have shaped our world.

An Australian inquiry into an antisemitic mass shooting at Bondi Beach which killed 15 people has recommended that the authorities should bolster security at Jewish events. The royal commission's interim report revealed that an Australian Jewish group had warned of a terrorist attack just days before the incident. The Australian prime minister Anthony Albanese says major changes have already been made. Also: oil prices have reached their highest point since the US and Israeli war against Iran began in February, amid concerns about how long the conflict will last; the US defence secretary Pete Hegseth is quizzed under oath on the Iran war by the Senate armed services committee; the US Justice Department charges the governor of Mexico's Sinaloa state for allegedly conspiring with the Sinaloa drug cartel to traffic massive quantities of narcotics; and celebrations in Kenya as Sabastian Sawe returns home after becoming the first man to run a marathon in under two hours in competitive race conditions in London.

The Global News Podcast brings you the breaking news you need to hear, as it happens. Listen for the latest headlines and current affairs from around the world. Politics, economics, climate, business, technology, health – we cover it all with expert analysis and insight.

Get the news that matters, delivered twice a day on weekdays and daily at weekends, plus special bonus episodes reacting to urgent breaking stories. Follow or subscribe now and never miss a moment.

Get in touch: [email protected]