Senate Votes to End Iran War, Trump Defends Unfrozen Funds, More
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What is the main topic discussed in this episode?
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On this motion, the yeas are 50, the nays are 48. The concurrent motion is agreed to.
The U.S. Senate just broke with President Trump and voted to end the war in Iran, approving a war powers resolution that's already passed in the House. That resolution doesn't require the president's signature and doesn't carry the force of law, but it does reflect lawmakers' growing concern over how this war is being handled, a war Americans have overwhelmingly opposed. Still, President Trump threatened to attack Iran again if it doesn't agree to allow international weapons inspectors to check out its damaged nuclear facilities.
Iran's reasonable if they're smart. Otherwise, we'll have to finish the job, which will take about... maybe less than a week.
The president rallying voters today in Pennsylvania after touring a manufacturing facility for Mack trucks. He touched on a variety of topics, including the war and the memo of understanding that he claims will lead to a dismantling of Iran's nuclear program. Earlier today, Trump also addressed Iran's frozen assets, which he says will remain under U.S. control. Bloomberg's Dan Williams has more on that from Jerusalem.
Either side is talking up, but often in different directions. The US, the Trump administration, saying that unfrozen funds will be used for humanitarian purposes, perhaps even to buy soy products from the United States. But the spokesman for the foreign ministry in Tehran saying there would not be a limitation on how Iran uses those funds. That, of course, will stir concern in the US, in the West, and indeed in the region, that some, perhaps all of that money, could go toward rebuilding Iran. Iran's military capacity, perhaps the capacities of Iranian allies like the Hezbollah militia in Lebanon.
Iran says 12 billion of those frozen funds are set to be released as part of ongoing talks in two equal installments. Oil prices are also easing as tankers openly transit the Strait of Hormuz. Mike Summers is president of the American Petroleum Institute, which just put out a new energy security framework that includes working with Persian Gulf allies to reduce their reliance on Hormuz.
It is not too early for us to start thinking about what we should do after this crisis is over, which is what our American Energy Security Framework is all about. It's about providing resilience for the energy system that clearly needs it. What we've seen over the course of the last three months with the Strait being closed, of course, has been a price hike in oil.
What recent Senate decision was made regarding the Iran war?
But at the same time, it's also shown us that there's a reckoning going on right now between where we get our energy and where we should be getting our energy.
American Petroleum Institute President Mike Summers on Bloomberg's balance of power. President Trump said 19 million barrels of oil flowed out of Hormuz just yesterday, and he called that a record. But the International Energy Agency says pre-war levels were at 20 million barrels a day. Still, oil prices are easing as more tankers cross, with Brent Crude now trading at $77 a barrel. On Wall Street, tech stocks dragged down indexes after a sell-off in Korean chip makers stoked concerns about the sustainability of an AI rally.
What concerns do lawmakers have about the Iran war resolution?
The tech-heavy Nasdaq led declines today, losing 580 points, plummeting 2.2%. The Dow was down 46 points, about a tenth of a percent, and the S&P fell 1.4%, down 107 points. The 10-year Treasury yields at 4.49 percent, the two-year yields at 4.19 percent.
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Chapters
5 chapters
1
What is the main topic discussed in this episode?
0:00–2:58
2
What recent Senate decision was made regarding the Iran war?
2:58–3:38
3
What concerns do lawmakers have about the Iran war resolution?
3:38–6:42
4
How is President Trump addressing the situation with Iran's nuclear program?
6:42–7:26
5
What implications do unfrozen Iranian funds have for U.S. relations?
7:26–7:36
Speakers
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