Iran-US Skirmishes Worsen, Warsh Promises Independence, More
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What is the main topic discussed in this episode?
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And I'm Karen Moscow.
Karen, we begin with the latest developments in the Middle East. The U.S. has struck Iran for a fifth straight day and hit a sanctioned oil tanker near the country's main export terminal. Iran responded to the U.S. barrage by firing on American bases in Kuwait and Jordan. We get more from Bloomberg Middle East managing editor Onur Ant.
We saw further strikes by the U.S. on various missile storage and missile launch sites, control and command centers, again, along Iran's southern coast. The Islamic Republic responded as expected. There have been retaliatory attacks, especially on Arab states in the Persian Gulf. So this basically takes up the escalation one step further. We are seeing the continuation of a serious test facing, well, there is no ceasefire really left anymore, but the interim agreement has all but collapsed. Yeah, the latest strikes are just a continuation of this serious test facing the interim agreement.
Bloomberg's own Iran says the U.S. and Iran have accused each other of breaching the terms of the Memorandum of Understanding.
Nathan, we have a warning from the head of the International Energy Agency. Executive Director Fante Birol says the global economy faces a renewed challenge if the conflict that's choked the Strait of Hormuz is not resolved in a matter of weeks. Birol spoke with Bloomberg's David Gurra at the Aspen Security Forum in Colorado.
Big uncertainty and the markets are nervous whether or not there will be a soon and lasting solution to the problem and at the same time many countries are taking some measures to avoid the worst case scenario.
And that was International Energy Agency Executive Director Fante Birol speaking with Bloomberg's David Gurra at the Aspen Security Forum. Birol added that the conflict must be resolved in a matter of weeks to limit impact on the global economy.
In Washington, Karen, a couple of key Trump nominees faced questions in confirmation hearings. Acting Attorney General Todd Blanch faced criticism over a deal giving President Trump and his allies immunity from past tax audits. Bloomberg's Amy Morris reports from Washington.
What happened in the latest Iran-US strikes along Iran's southern coast?
Blanche says the fund created by President Trump's lawsuit against the IRS has been canceled, but Republican Senator John Cornyn raised concerns that it could be revived.
President of the United States has not agreed in writing to delete the weaponization fund, and there's no guarantee that he might raise that issue by way of a lawsuit in the future. There's no fund. I suppose they could bring a lawsuit.
Senators also questioned whether Blanche can operate independently from Trump, given his past work as Trump's personal lawyer. Blanche will need the support of all Republicans on the Judiciary Committee to advance his nomination. In Washington, Amy Morris, Bloomberg Radio.
All right, Amy, thank you. While President Trump's nominee to lead the U.S. intelligence community also appeared on the Hill for his confirmation hearing, Jake Clayton repeatedly sidestepped questions from Democrats on whether Joe Biden won the 2020 election. He had this exchange with the top Democrat on the Senate Intelligence Committee, Mark Warner.
How did Iran retaliate against US strikes and which bases were hit?
So let me just ask you what should be a simple question. Do you deny that Joe Biden won the 2020 election?
Senator, I'm not an election denier. Joe Biden was certified as the president of the United States.
Jay Clayton was also pressed about his current role as Manhattan's top federal prosecutor, and his office has moved to subpoena New York Times journalists for reporting on security shortcomings on President Trump's new Air Force One from Qatar.
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Chapters
5 chapters
1
What is the main topic discussed in this episode?
0:00–2:44
2
What happened in the latest Iran-US strikes along Iran's southern coast?
2:44–3:40
3
How did Iran retaliate against US strikes and which bases were hit?
3:40–4:15
4
What did Bloomberg’s Onur Ant say about escalation and the interim agreement?
4:15–7:00
5
Why is the International Energy Agency warning about Strait of Hormuz disruptions?
7:00–7:55
Speakers
9 identifiedMore from Bloomberg News Now
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