Optimism in US-Iran Talks, Push to Open Hormuz Strait, More

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Bloomberg News Now 8 min 9 speakers 2 chapters transcribed 3 months ago
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Stephen Carroll 0:00
Hello, I'm Stephen Carroll. I'm in Brussels, where many of Europe's biggest decisions get made. And I'm Caroline Hepke in London. We're the hosts of the Bloomberg Daybreak Europe podcast. We're up early every weekday, keeping an eye on what's happening across Europe and around the world. We do it early so the news is fresh, not recycled, and so you know what actually matters as the day gets going. From Brussels, I'm following the politics, policy and the people shaping the European Union right now. And from London, I'm looking at what all that means for markets, money and the wider economy. We've got reporters across Europe and around the globe feeding in as stories break. So whether it's geopolitics, energy, tech or markets, you're hearing it while it happens.
Stephen Carroll 0:43
It's smart, calm and to the point. And it fits into your morning. You can find new episodes of the Bloomberg Daybreak Europe podcast by 7am in Dublin or 8am in Brussels, Berlin and Paris on Apple, Spotify, YouTube or wherever you get your podcasts.
Doug Krisner 1:01
News when you want it. With Bloomberg News Now, I'm Doug Krisner. The U.S. and Iran are closing in on a deal to reopen the Strait of Hormuz. U.S. officials say the two sides are addressing the precise language on key issues, and they say a deal with Iran will not be signed today, citing Iran's frustratingly slow system. Today, in a post on social media, Trump said the U.S. will not be rushed and that both sides must take their time to get it right. U.S. Secretary of State Marco Rubio is optimistic.
Unknown 1:31
We've made some progress over the last 48 hours working with our partners in the Gulf region on an outline that could ultimately, if it succeeds, leave us not just with a completely open straits, and I mean open straits without tolls, and with addressing some of the key things that underpin what has been Iran's nuclear weapons ambitions in the past.
Doug Krisner 1:54
Now, in these talks, Iran has been pushing for a toll system in the Strait of Hormuz, and that has been a source of friction with the U.S. Here is Bloomberg's Jumana Persechi.
Jumana Persechi 2:04
Now we're in a situation where Iran have discovered that they have a lot of leverage over this key chokehold for the global economy. And they're not going to give it up without getting something in return. And for them, the incentive is clearly economic.
Doug Krisner 2:18
That was Bloomberg's Jumana Bersetchi on Bloomberg's This Weekend. The director of the National Economic Council, Kevin Hassett, signaled his confidence in a deal between the U.S. and Iran. And Hassett believes a deal can lead to a decline in energy prices, which could in turn lower inflation. Here is Hassett speaking on Fox News' Sunday Morning Futures. I think that as soon as we get energy prices going back down, you could actually be looking at negative inflation because of the energy price going down. That is NEC Director Kevin Hassett speaking on Fox News' Sunday Morning Futures. We go next to Ukraine, where there was a major escalation overnight as Russia confirmed its military fired a hypersonic arresting missile near Kyiv.
Doug Krisner 3:00
This was part of an attack involving approximately 90 missiles and 600 drones. Now, Ukraine's Air Force said that most of the missiles and drones were shot down. Meantime, Ukrainian President Volodymyr Zelensky reported that two people were killed and over 80 others injured, and he called for solutions from the U.S. and from Europe. The U.S. has paused a $14 billion arms sale to Taiwan. More on that from Bloomberg's Monica Ricks.
Monica Ricks 3:28
President Trump has indicated he'll speak directly to Taiwan's president after pausing a $14 billion arms sale a week after visiting China. It's a move that'll likely anger Beijing, but Ambassador Alexander Yu tells Bloomberg Taiwan's ready to defend itself.
Unknown 3:44
We're trying to beef up our own defensive capabilities, and the United States has been our primary provider of arms sales to Taiwan, and we hope to continue to do so in facing this mounting and growing aggression from mainland China.
Monica Ricks 4:01
The U.S. says it pulled back on the arms package to make sure it had enough munitions for the war in Iran.

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