Mark Champion

This is kind of a long process.

These are kind of the most

serious attacks that we've had during the ceasefire, but there have been an awful lot.

It's clear that the oil markets think that this will just be another episode and we'll be back to this sort of unstable equilibrium, neither peace nor war with no deal, but no kind of return to compliance.

total war.

The Knicks pull off a miracle comeback.

And I'm Paul Sweeney, inviting you to join us for the Bloomberg Intelligence Podcast.

The Iranians have made clear throughout that they believe they're in a position where they can make demands.

And one of the demands, key demands they have is that other theaters where their proxies are in conflict with Israel continue.

will be included in any peace deal.

It's a good framework, but there's a huge question as to whether Hezbollah would want to do that.

This war, they were very much on the back foot before February when the U.S.

and Israel attacked Iran.

They have been badly damaged.

And they were looking quite weak politically within Lebanon.

The war has actually, you know, given them more strength.

They've started using FPV drones that are creating problems for the Israeli military.

So whether they would want to kind of step back is a question.

Whether the Iranians are going to press them to step back, equally a question.

We're basically in a three-way negotiation in which, you know, it's clear that President Trump and the U.S.