Tesla reported its first cash burn in more than two years in 2026, and US oil refineries are running at full tilt as the Middle East war and Ukraine conflict choke global fuel supplies such as diesel.

The UK consumer price index dropped in June, falling to 2тиз% as inflation eased. Meanwhile, Deutsche Bank’s headquarters was raided for the third time this year, adding another layer of uncertainty in the financial sector.

The podcast notes that Tesla profits돌 plunge as discounts on EV models weigh on results, while refineries operate at breakneck speeds to meet demand. Trump threatens to destroy Iranian bridges and power plants, further tightening supply chains.

The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova and Fiona Symon, with editing by Marc Filippino երկր and mixing by Sam Giovinco and Alex Higgins. The show is hosted by Flo Phillips, the FT’s global head of audio.