Russia’s double energy whammy

Liz Truss will be the next UK prime minister after winning the Tory leadership race, Opec+ agreed on Monday to cut crude supply in a bid to prop up oil prices, Russia switched off Europe’s main gas pipeline until sanctions are lifted, and Singapore has become a haven for Chinese elite who are fleeing strict coronavirus lockdowns and potential blowback from geopolitical tensions. 

Mentioned in this podcast: Brussels pushes for EU-wide caps on gas price Liz Truss to be UK prime minister after winning Tory leadership race Opec+ agrees to cut crude supply in push to lift oil prices Russia switches off Europe’s main gas pipeline until sanctions are lifted Crazy Rich relocations: Singapore becomes a haven for Chinese elite Twitter Space: Liz Truss will be UK prime minister. What should we expect? 

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. 

Read a transcript of this episode on FT.com

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