FT News Briefing Tuesday, January 7
Jan 7, 2020
The podcast delves into the U.S. military's stance on troops in Iraq amidst a leaked letter causing confusion. John Bolton's readiness to testify in Trump's impeachment trial adds intrigue to the political landscape. Additionally, Harvey Weinstein faces new sexual assault charges as he prepares for his criminal trial. The discussions also touch on how geopolitical tensions are influencing oil market fluctuations, reflecting the broader impacts on global markets.
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Leaked Letter Mishap
- A leaked letter suggested the U.S. was withdrawing troops from Iraq, causing confusion.
- The Pentagon clarified it was a poorly worded draft and not a policy change.
Iraqi Vote on Troop Removal
- The Iraqi parliament voted to expel foreign troops following the U.S.'s killing of Iranian General Qasem Soleimani.
- The U.S. is trying to remain in Iraq despite this vote.
Oil Price Surge
- Brent crude oil briefly exceeded $70 per barrel, a three-month high, amidst Middle East tensions.
- Prices settled slightly lower, influenced by uncertainty about potential retaliatory actions.