FT News Briefing

How Ukrainian drone expertise is helping Colombian narcos

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Key takeaways

  • Iran and Oman are taking steps toward reopening the Strait of Hormuz, potentially easing global oil supplies, but US sanctions remain a barrier.
  • The US midterm elections are shaping up as a contest between different factions within the Democratic Party, with issues like healthcare and foreign policy at the forefront.
  • EU crypto legislation has prompted scammers to exploit customers by impersonating authorities and companies, highlighting the need for vigilance in digital assets.
  • Colombia faces a new technological front in its long internal conflict, with armed groups using drone warfare learned from Ukraine to challenge state aerial supremacy.
  • DeepMind’s leadership shakeup reflects strategic shifts within Google’s AI ambitions, signifying ongoing developments in the field of artificial intelligence.

Summary

Geopolitical and Maritime Developments in the Strait of Hormuz

Iran announced an agreement with Oman to reopen a navigable channel through the Strait of Hormuz, aiming to ease shipping and revive US-held ceasefire understandings. However, Iran emphasized that safe passage still depends on the US lifting its blockade of Iranian ports. This negotiation is part of broader efforts to increase oil flow and ease global energy tensions amidst upcoming US midterm elections, where high gas prices are a critical issue.

US Midterm Elections and Democratic Party Dynamics

The podcast examines the upcoming US midterm elections, highlighting a competitive primary race in Michigan between moderate Haley Stevens and progressive Abdul El Sayed, with the latter narrowly winning. The discussion touches on key issues such as healthcare reform (Medicare for All) and foreign policy, especially regarding US support for Israel. The broader electoral forecast suggests a potential rebuke of the party in power, with both Democrats and Republicans facing challenges as they prepare for November.

Crypto Regulation and Fraudulent Activities in the EU

Following recent EU crypto legislation requiring companies to obtain licenses, scammers have exploited the regulatory environment by impersonating crypto companies and regulators to defraud customers. An estimated 2,000 unlicensed groups are at risk of being targeted by such fraud schemes, with customers urged to withdraw assets or relocate them to safe accounts.

Colombian Veterans Fighting in Ukraine and Internal Conflict with Drones

Colombian veterans are fighting in Ukraine, gaining drone warfare expertise that they are now applying in Colombia’s long-standing conflict with guerrilla groups and drug traffickers. These armed groups are challenging the nation's aerial dominance through increasingly sophisticated drones, which are used to target military assets. The new technology complicates Colombia’s security situation, especially as the incoming president, Abelardo de la Espreia, inherits a more complex, technologically advanced conflict landscape.

DeepMind Leadership Shakeup and AI Development

Google’s AI division, DeepMind, announced the departure of co-founder Demis Hassabis as CEO, transitioning to a Senior Vice President role. This change indicates a deeper integration of DeepMind within Google’s broader corporate structure. The move follows a significant stock decline, signaling strategic adjustments in the company’s approach to artificial intelligence research and development.

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Show notes

Iran said it reached an agreement with Oman on a route through the Strait of Hormuz, US Democrats hope to win control of Congress in the midterm elections and scammers are taking advantage of the disruption caused by the EU’s new crypto rules. Plus, the FT’s Joe Daniels explains how Ukrainian drone technology is helping cartels and guerillas in Colombia.


Mentioned in this podcast:

Iran says it has reached agreement with Oman on Strait of Hormuz shipping route

Progressive Democrat wins in Michigan in rebuke to party establishment

US midterm elections 2026: The FT’s guide

Scammers pose as watchdogs to prey on EU crypto rule changes

Colombian narcos’ quest for Ukrainian drone expertise

Google DeepMind CEO Demis Hassabis steps down in shake-up of AI lab

Credit: CNN


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Note: The FT does not use generative AI to voice its podcasts 


The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, and Katya Kumkova. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips 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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