Karen Moscow

That's news when you want it with Bloomberg News Now.

I'm Karen Moscow and this is Bloomberg.

News when you want it with Bloomberg News Now.

I'm Karen Moscow.

We do have earnings from Walmart crossing the Bloomberg.

But first, former Prince Andrew, the brother of King Charles, has been arrested on suspicion of misconduct in public office after further details of his relationship with convicted sex offender Jeffrey Epstein emerged.

We get more details with Bloomberg's Tiwa Adebayo.

And as Bloomberg's Tiwa Adebayo in a statement, King Charles said the police have his full support and cooperation and said, quote, the law must take its course.

Meanwhile, billionaire Lex Wexner gave a closed-door deposition to House Oversight Committee Democrats about his ties to the disgraced financier.

He said he visited Epstein's private island once but did not know about any sex trafficking and couldn't recall many details about their relationship, including his significant financial support for Epstein.

Robert Garcia is the committee's top Democrat.

And Democrat Robert Garcia spoke to reporters in Ohio where Wexner agreed to testify under an agreement with the committee.

Meanwhile, Bill Gates has pulled out of a speech at a high-profile AI summit in India.

The Gates Foundation did not mention the Microsoft co-founder's own ties to Epstein when it made the announcement, but it says the decision was made after careful consideration and to ensure the focus remains on the summit's key priorities.

Oil is rising after Axios reported the Trump administration is closer to a major war with Iran than most expect.

Axios says a U.S.

operation would likely be a weeks-long campaign.

We get more from Bloomberg Managing Editor Paul Wallace in Dubai.

And that's Bloomberg's Paul Wallace taking a look at oil right now.

West Texas Intermediate up 1.6 percent at $66.25 a barrel, while Brent is at $71.38.