Alexis Christophorus

That's the Bloomberg Surveillance Podcast with Tom Keen, Paul Sweeney, and me, Alexis Christophorus.

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And I'm Alexis Christophorus.

Here are the stories we're following today.

And Nathan, the speech is getting an anxious reaction in markets and in Washington, D.C.

Bloomberg White House correspondent Jeff Mason says it's the kind of address presidents typically give at the start of a conflict.

And Bloomberg This Weekend co-host Christina Ruffini says the president may have been sending a warning to allies as much as Iran.

And you can catch Bloomberg this weekend every Saturday and Sunday at 7 a.m.

Eastern on Bloomberg Radio and Television and the Bloomberg Business app.

U.S.

allies are meeting to prepare a diplomatic outreach to Iran, which is starting to operate the Strait of Hormuz like a toll booth.

A Bloomberg investigation reveals how Iran-friendly tankers are being given secret codes and charged around a dollar a barrel of oil for safe passage.

Reopening the strait has become a key priority for governments around the world, with U.K.

Prime Minister Starmer pushing for talks.

The British leader has been a frequent target of the White House for refusing to join its war.

Those talk-stormer references are happening later today in London, and the US is not expected to attend.

And gold declined after President Trump's speech offered little clarity on a resolution to the war.

Silver also fell sharply.

Spot gold tumbled as much as 4.3 percent, breaking a four-day winning streak.

Time now for our Bloomberg Sports Update.