Gulf dealmaking machine hits the brakes

12 May 2026 · 10m

FT News Briefing

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Show notes

US President Donald Trump says the Iran ceasefire is on “life support”, and UK Prime Minister Keir Starmer is fighting to save his premiership after the Labour party's disastrous showing in last week's UK local elections. Plus, we preview this week’s summit between Trump and China’s President Xi Jinping, and examine how business in the Gulf is holding up through the Iran war.

Mentioned in this podcast:

Donald Trump says Iran ceasefire is on ‘life support’

Starmer battles to stay in Number 10 as scores of Labour MPs urge him to quit

How the war hit the Gulf dealmaking machine

A weakened Trump arrives in Xi’s court

The Rachman Review podcast

Credit: Associated Press

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Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Katya Kumkova, Saffeya Ahmed, and Sonja Hutson. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

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