US Strikes Iran for Second Straight Day
Speakers
Abeer Abu Omar
— Reporter, Bloomberg London
Summary
Bloomberg's Abeer Abu Omar reports on the second straight day of US strikes on Iran, escalating tensions and disrupting shipping in the Strait of Hormuz. Iran retaliates by targeting Kuwait and Bahrain, while President Trump signals the ceasefire is over. Brent crude prices approach $80 per barrel amid the turmoil.
- US strikes Iran for second straight day, hitting 90 targets.
- President Trump says the ceasefire between the US and Iran is over.
- Iran retaliates with attacks on GCC countries Kuwait and Bahrain.
- Strait of Hormuz shipping traffic comes to a near halt as ship owners exercise caution.
- Brent crude prices edge close to $80/barrel, posting a third straight session of gains.
- Trump's mixed messages leave room for renewed negotiations despite escalation.
Ideas
Brent crude rises on Iran strikes.
Escalating US-Iran military strikes and Iran's retaliation against Gulf states are disrupting shipping in the Strait of Hormuz, causing traffic to come to a near halt and pushing Brent crude prices toward $80 per barrel in a third straight session of gains.
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Speakers: Abeer Abu Omar · Tickers: BNO