Trump says India’s Reliance will back first new US oil refinery in 50 years
US president hails new project in Brownsville, Texas, as Iran war drives higher fuel prices
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Trump administration’s mixed messaging sparks wild swings in oil markets
Confusion over US naval escorts in Strait of Hormuz exposes lack of clarity over war aims
Oil swings as traders parse mixed messages on Strait of Hormuz
White House says US energy secretary’s claim that navy escorted tanker through key waterway was wrong
FirstFT: Japan’s Sanae Takaichi confronts Iran war oil shock
Also in today’s newsletter: China warns Maersk and MSC over high freight rates, and Amazon leads record US corporate borrowing rush
Soaring fuel prices to cast long shadow across US economy
Industries from farming to airlines face long-term higher costs and will raise customer prices in response
Soaring fuel prices expected to cast long shadow across US economy
Industries from farming to airlines face long-term higher costs and will raise customer prices in response