US president Donald Trump has said Israel and Iran have agreed a ceasefire, shifting priorities in the US are putting pressure on Nato members in Europe, and emerging markets defy US President Donald Trump’s trade war. Plus, the US has yet to find Iran’s uranium stockpile.

Mentioned in this podcast:

Donald Trump claims Israel and Iran have agreed ceasefire

What happens to Nato if the US steps back?

Where is Iran’s uranium? Search continues for 400kg stockpile

Emerging markets defy investor gloom to outshine developed world

Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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