Monica Ricks

A poor decision is always better than no decision.

News when you want it with Bloomberg News Now.

I'm Monica Ricks.

We're still waiting for word from President Trump on a possible resolution to the conflict in the Middle East, following calls with Israel and other allies in the region this weekend.

Details are still scarce, but Axios reports an agreement would involve a 60-day ceasefire extension, the reopening of the Strait of Hormuz with no tolls, and further negotiations on Tehran's nuclear program.

Secretary of State Marco Rubio called it progress.

Rubio talking to reporters in India today where he'll continue talks on energy and regional security.

India's been hit hard by this war since about 90% of its liquefied petroleum gas imports passed through the Strait of Hormuz.

Bloomberg White House correspondent Jeff Mason is in Washington standing by for updates.

That's Bloomberg's Jeff Mason on Bloomberg this weekend.

Iran has said talks with the U.S.

are progressing, but Iranian media has refuted Trump's claim of an imminent deal.

China's coal production has helped its economy amid the Iran war shock, but a mining disaster this weekend is now raising questions about the cost of that drive.

The accidents triggered a vast rescue operation and investigation, and it could lead to increased scrutiny and safety inspections.

That could threaten coal output and energy security in China, which relies heavily on coal for power generation.

The U.S.

has paused a $14 billion arms sale now to Taiwan a week after President Trump's visit to China.

U.S.

Ambassador to Taiwan Alexander Yu says it's reassuring to hear that the U.S.

hasn't changed its policy on Taiwan, but he says Taiwan's always ready to defend itself.