Nathan Hager

war with Iran nears the end of its five-week mark.

In a primetime address heard live on Bloomberg Radio, the president defended his decision to go after Tehran's nuclear and missile programs more than a month ago.

And the president said the action he's taken is close to achieving that objective.

But before that, he says there will need to be more action.

At the same time, President Trump says discussions with Iran's regime are ongoing, but he did not lay out a plan to convince Tehran to allow passage through the Strait of Hormuz.

The president had this to say to allies struggling to get fuel through the Strait.

President Trump also says the loss of 13 U.S.

service members in the conflict has only stiffened his resolve to finish the job.

And as the war enters its second month, Alexis, reports from Iranian state media and residents indicate continuing attacks on civilian infrastructure, including homes, factories and electric facilities.

Iran's Red Crescent Society, which is part of the International Humanitarian Network, says U.S.-Israeli airstrikes have damaged or destroyed more than 90,000 homes, about half of them in Tehran.

And oil, Alexis, is surging following President Trump's speech.

Checking prices right now, Brent, the international benchmark is up more than 7.5%, trading just shy of $109 per barrel.

West Texas Intermediate's not too far behind, above $107.

We spoke with Willem Sells, Global Chief Investment Officer at HSBC Private Bank.

That's HSBC's Willem Sells.

Iran's state-run press TV quoted Foreign Minister Abbas Arachi saying Iran and Oman will decide the future of the strait.

I'm Nathan Hager.

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