Trump’s Iran war pushes petrol past $3.50 in test of US voter patience
Administration has failed to douse surge in fuel prices as Middle East turmoil deepens
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FirstFT: IEA launches largest-ever release of oil reserves to counter Middle East energy shock
Also in today’s newsletter: India relaxes rules on Chinese investment, and the Kremlin’s covert campaign to keep Viktor Orbán in power
Cliffwater caps payouts at credit fund as redemption requests surge
Withdrawal requests hit 14% in the first quarter as investors grow skittish on private capital exposure
Oil prices edge higher against backdrop of historic reserves release
400mn barrels of crude made available as governments race to tackle energy shock
Investors demand steep concessions in Salesforce’s $25bn bond deal
Software group sold debt at significant premium in borrowing costs in sign of Wall Street jitters over AI disruption
Energy shock will force business rethink, says State Street CEO
Supply chain break caused by war was a ‘Covid moment’ for companies, says global financial services group chief