Strikes Continue in Middle East, Oil Jumps, More
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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.
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.
Karen, it is risk off across markets with a third day of attacks underway across the Middle East. Blasts have been heard this morning in Bahrain, Kuwait, the United Arab Emirates and Qatar as Iran targets U.S. interests in the region. President Trump says the bombing campaign against Iran could last for weeks. He's calling on the Islamic Republic's remaining leaders to give up.
I once again urge the Revolutionary Guard, the Iranian military, police to lay down your arms and receive full immunity or face certain death. It will be certain death. Won't be pretty.
President Trump spoke in a new social media post late yesterday. The president told The New York Times he's willing to drop sanctions on Iran if its new leader is pragmatic. But in an interview with ABC News, he said his favored choices after the death of Iran's supreme leader have all died in the attacks. Iran's security chief says Tehran won't negotiate with the U.S. And this morning, Kuwait's army said a number of U.S. fighter jets had crashed, but all crew members survived. Iran's semi-official Fars news agency says 555 people have been killed in U.S. and Israeli attacks.
Well, later this morning, Nathan, the Pentagon plans to hold a news conference on the operation against Iran, and that's set for 8 a.m. Wall Street time. The White House says Congress will receive a full briefing tomorrow from the Pentagon, State Department, and CIA. Republican Congressman Michael McCaul says Iran faces an extraordinary opportunity.
Since 1979, there's been a dark veil that descended across the Middle East, and that shroud has now been lifted. And the people of Iran now have a chance for freedom and a chance to take back their country.
But the top Democrat on the Senate Intelligence Committee, Mark Warner, says the White House still has not spelled out its ultimate goals from this conflict.
Is the goal? Iran's nuclear capability? Is it the ballistic missiles regime change? And let me acknowledge the fact that the Iranian leadership, the supreme leader's taken out. I mean, that is good news. I mean, this regime is awful. But I can tell you from the intelligence standpoint, we don't have great visibility about who or what comes next.
Senator Warner and Congressman McCaul were guests on our new show, Bloomberg, this weekend. Catch the show Saturdays and Sundays from 7 to 10 a.m. Eastern across Bloomberg platforms.
Well, Karen, Iran is looking for a successor to Ayatollah Ali Khamenei, the 86-year-old supreme leader of Iran who was killed in the airstrikes. Golnar Motavali leads Bloomberg's coverage in Iran.
In Iran, there is always a, under the Islamic Republic, there is always a contingency for the appointment and the succession process of the supreme leader, almost as soon as the supreme leader is appointed in the first place. And that's actually embedded in the constitution. So even if Khamenei had died of natural causes or of old age, And he was 86 years old. So there would have been some form of preparation for his succession.
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