Jamie Smith, FT U.S. Energy Editor, discusses the ramifications of Trump's sanctions on Russian oil, revealing how lower crude prices influenced this bold move. He highlights the potential disruptions to global markets, particularly if India and China reduce their Russian oil purchases. Meanwhile, Kira Nugent, FT correspondent in Buenos Aires, delves into Javier Milei's controversial economic reforms and their impact on Argentina's midterm elections. Voter sentiment swings as support ebbs for Milei amid concerns for the middle class.
