Iran Conflict Concerns, Epstein Files Fallout, More
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News when you want it with Bloomberg News Now. I'm Nathan Hager.
And I'm Karen Moscow.
And Karen, oil is on the rise again after gaining the most since October yesterday. This morning, West Texas Intermediate is up 1%. That's as Axios has reported the Trump administration is closer to a major war in the Middle East than most expect. Axios says a U.S. operation would likely be a weeks-long campaign. We get more from Bloomberg Managing Editor Paul Wallace in Dubai.
It sounds as if Iran has you know roughly two weeks to get back to the Americans and then if they're broadly satisfied the Americans will say okay let's go to round three and we don't know where that will be. But of course there are plenty of people including including in the oil market who think America might be essentially trying to lull Iran into a false sense of security and maybe willing to strike the country before Iran returns with those proposals. Because that's, in some senses, that echoes what happened in June last year with the 12-day war between Iran and Israel and then America at the end. That war happened when, or at least it started when, the U.S. and Iran were in the middle of nuclear talks.
Bloomberg's Paul Wallace says the U.S. has announced visa restrictions on Iranian officials and executives for repressing recent anti-regime protests and cutting off Internet access.
Now, Nathan, to the latest fallout from the Jeffrey Epstein files. Billionaire retail mogul Les Wexner testified behind closed doors about his relationship with the late sex offender to Democrats on the House Oversight Committee. The former CEO of L Brand said he visited Epstein's private island once with his wife and children, but was unaware of any sex trafficking operation. And he repeatedly said he could not recall details. key details of his relationship with the late sex offender, including giving him considerable financial support. Arizona Democrat Yasemin Ansari says it's all on the record.
He allowed Jeffrey Epstein to live in his homes, to have hundreds of millions of his dollars, to use his yachts and his planes. This was obviously a very, very close relationship, and so far what we have seen is a denial of that relationship.
Congresswoman Yasemin Ansari spoke to reporters from Ohio where Wexner agreed to testify under an agreement with the committee.
What are the latest developments in the Iran conflict?
The Justice Department named Wexner as one of the 10 co-conspirators in its 2019 investigation into Epstein. Wexner was not charged in the case and says he was duped by Epstein.
Meanwhile, Karen, Bill Gates has backed out of a speech at a high-profile AI summit in India just hours before he was due to speak. In a post on X, the Gates Foundation said the Microsoft co-founder... made the decision to make sure the focus remains on the event's key priorities. Gates has come under criticism for his ties to Epstein. The Gates Foundation did not mention the financier in its statement, but Gates has called his relationship with the late sex offender a huge mistake.
Nathan, let's get to the latest in the search for Nancy Guthrie. It's been 19 days since the mother of today's show host, Savannah Guthrie, was last seen at her home near Tucson. Police are still looking for new leads as they sort through upwards of 50,000 tips. Pima County Sheriff Chris Nanos spoke with BBC News.
I think she's somewhere here in our community. Locally? Yeah. What makes you think that? I just do. I don't know why. I don't have any evidence to prove that, but I just believe that she's somewhere here locally.
Pima County Sheriff Chris Nanos speaking to the BBC. The sheriff has come under some criticism for his handling of the investigation.
What insights did Paul Wallace share about U.S. actions towards Iran?
He declared the scene at Nancy Guthrie's home done three days after her disappearance, only to return later.
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