Monica Ricks

U.S.

Central Command said early this morning that it downed two more Iranian attack drones that threatened international maritime traffic in the Strait of Hormuz.

And this comes after intercepting drones and ballistic missiles aimed at Bahrain and Kuwait on Friday.

Meantime, one of the sticking points in negotiations has been the fate of billions of dollars of frozen Iranian assets.

The Trump administration is now seeking to steer them towards helping U.S.

allies in the Persian Gulf rebuild from damage inflicted by this conflict.

Bloomberg's Abir Abu Omar has more from Dubai.

To some varying degrees, the Gulf countries, there are six of them, they will respond differently, right?

And bear in mind that these are incredibly rich countries with so much buffers in their reserves.

And so there's a question of do they really need it?

That's Bloomberg's Abeer Abu Omar on Bloomberg this weekend.

She says the $24 billion in frozen assets has been a major concession for Iran in its peace talks with the U.S.

Major OPEC Plus members have agreed to another modest increase to their oil output quotas for July, but it's mostly symbolic today since exports have been largely blocked from getting through the Strait of Hormuz.

Key members led by Saudi Arabia and Russia raised collective targets by 188,000 barrels a day next month.

Meantime, aviation leaders are meeting in Brazil this weekend and signaling clear skies when it comes to travel demand this summer, despite a jet fuel supply crunch and higher fares.

United Airlines CEO Scott Kirby weighed in for Rio.

That's United CEO Scott Kirby on Bloomberg this weekend.

The carriers had to make adjustments due to higher jet fuel prices.

Kirby says they've cut 5% of flights so far and raised ticket prices by 20%.

Delta President Peter Carter is also at that aviation summit and talked about premium experiences.