Fresh Israel-Iran Strikes, Exclusive: Britons Brexit Shift, More
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News when you want it with Bloomberg News Now. I'm Stephen Carroll.
And I'm Caroline Hepker.
More than 100 days after the war began in the Middle East, fresh attacks are piling yet more pressure on the fragile ceasefire. Overnight, Israel struck several targets in Iran in retaliation for missiles launched from the Islamic Republic that were intercepted. A military advisor to Iran's supreme leader told a semi-official Iranian news agency that the missile launch was a warning to cease their hostile actions in Lebanon.
What recent events have escalated tensions between Israel and Iran?
Over the weekend, Hezbollah attacked targets in northern Israel, prompting an Israeli strike on Beirut's southern suburbs. Anor Ant is Bloomberg's managing editor for the Middle East and North Africa.
Iran has repeatedly made it clear that it just sees one truth, one ceasefire, as one uniform cessation of hostilities across the whole region. It does not want to allow the groups that it supports, such as Hezbollah, to be treated as part of a different conflict or as part of a different diplomatic track. That's where the current flare-up is coming from.
The renewed escalation comes after Axios reported that US President Donald Trump had called Israel's Prime Minister Benjamin Netanyahu to urge him to refrain from retaliatory strikes. Separately, the US President says the Israeli leader will have to accept any deal the US reaches with Iran. Speaking to the Financial Times, Trump said, I call the shots.
The global airline industry is facing a 49% drop in profits as a result of higher fuel costs and escalating tensions in the Middle East. The International Air Transport Association, IATA, now expects airlines to generate a combined net profit of $23 billion in 2026. That's down from $45 billion yesterday. in 2025. IATA says the industry's fuel bill will rise by almost 40% this year, reaching $350 billion. The group's director general, Willie Walsh, says that's creating significant headwinds for the sector.
With the significant impact to disruption in the Gulf and the very significant impact on oil prices, we're now forecasting lower growth, principally as a result of the negative impact in the Gulf, and then much higher costs for the industry. Fuel bill will be about US$100 billion higher.
Walsh added that while the current situation presents a challenge for airlines, he does not yet view it as a crisis for the industry.
European leaders are calling on Russian President Vladimir Putin to agree to an immediate ceasefire with Ukraine, allowing for talks about a lasting peace deal. Britain, Germany and France made the intervention after a meeting with Ukraine's Vladimir Zelensky in London, hosted by the UK Prime Minister Keir Starmer. President Zelensky says his country has been forced to respond to Russian aggression.
We will not just silently die. And we will respond, and we will be stronger and stronger each day, day by day. That's why we show that our drones will come to them.
Ukraine's President Volodymyr Zelensky. The joint statement comes after Putin rejected a ceasefire proposal last week and an escalation in military action over the weekend. According to a report from the Downing Street meeting, any deal with Putin would require Russia to meet demands including security guarantees for Ukraine and a stop to the fighting.
Now, 10 years on, the mood around Brexit seems to have inverted. An Ipsos poll shared exclusively with Bloomberg says that 52% of Britons now think the UK should rejoin the EU compared to 2016 when 52% voted to leave. Bloomberg's James Walcock reports.
52-48, two numbers that have become notorious as the narrow majority that sealed Britain's exit from the European Union. Ten years on, with a poor growth record and few clear Brexit payoffs, Ipsos polling for Bloomberg suggests there has been a clear shift in the public's mood. 52% of Britons now want to rejoin, with 1 in 10 saying they don't know. Younger voters overwhelmingly favour reversing Brexit, whereas half of those aged 55 and above oppose returning to the bloc. But there is one big caveat.
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