Americans Hurt in Kuwait, Trump Weighs Ceasefire Extension, More
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Hello, I'm Stephen Carroll. I'm in Brussels, where many of Europe's biggest decisions get made.
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News when you want it with Bloomberg News Now. I'm Monica Ricks. An Iranian ballistic missile strike has injured several Americans on an airbase in Kuwait. This happened as President Trump considers whether to extend a fragile ceasefire in the region that's been in place since April. Sources tell Bloomberg five people were hurt in that attack, including contractors and active duty personnel. A $30 million Reaper drone was also destroyed. Another was seriously damaged. Meantime, the White House is sending conflicting messages about the prospect of a deal, despite President Trump's two-hour meeting yesterday in the Situation Room. Former California Congresswoman Jane Harman talked to Bloomberg and says she'd like a happy resolution, but doesn't see it yet.
I also don't think we have any really good military options because if we now... bomb the energy facilities of Iran, which would be the next logical target, they're going to attack the energy facilities of the entire region. And that will probably shut down even more oil and other resources from reaching the world and make the markets even more closed. So when you're in a hole, stop digging.
former Congresswoman Harman on Bloomberg's balance of power. Trump has repeated demands that Iran give up its nuclear ambitions and reopen the Strait of Hormuz without tolls, but hasn't said whether Iran has agreed. Defense Secretary Pete Hegseth is overseas now and says the U.S. is ready to restart strikes in Iran if there is no deal between the two countries. He also talked about U.S. partnerships and China's military expansion.
There is rightful alarm. regarding China's historic military build-up and the expansion of its military activities in the region and beyond. We share a clear-eyed assessment of that security environment and a mutual understanding that a Pacific dominated by any hegemon would unravel the regional balance of power and undermine the equilibrium we all seek to preserve.
Hegseth speaking there in Singapore. He also took swipes at NATO and longstanding partners in Europe, saying Western Europe might take note. It's been slow going, but roughly a quarter of oil tankers stranded in the Strait of Hormuz have made it out. Bloomberg's Charlie Pellett has details.
We're talking non-Iranian tankers that were trapped inside the Persian Gulf at the outbreak of the Iran war. According to shipping data compiled by Bloomberg, 29 of the 109 bigger vessels, those capable of hauling 700,000 barrels or more, have now crossed the choke point. The successful transits have provided badly needed supplies to a global market and freed up a portion of a fleet that can return to the Gulf to collect more oil cargos. Charlie Pellett, Bloomberg Radio.
A top American military officer held an unusual meeting with Cuban commanders at Guantanamo Bay this week as the Trump administration continues a virtual blockade of the island nation and demands drastic reforms from its communist government. Military officials didn't elaborate on the visit, but reportedly conducted security assessments of the naval base and discussed force protection, safety of service members and their families, and operational readiness with base officials.
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