Third US Service Member Killed, Trump Calls For Sanctions, More
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News when you want it with Bloomberg News Now. I'm Doug Krisner. Overnight, the U.S. and Iran traded military strikes following the deaths of two American service members in Jordan. Now another is still missing, and after a search, U.S. Central Command says unidentified remains have been found and the verification process is underway. At the same time, Central Command says a third service member was killed this weekend and another injured in northern Iraq as a controlled detonation of an unexploded Iranian attack drone was taking place. Bloomberg's Dan Williams covers the Middle East.
The Americans seem to be hitting more and more inland in Iran and also in the Strait of Hormuz, which obviously is the choke point, is the focus of this latest flare-up. I think historians will look back at this and may even call this the War of Hormuz rather than the Iran War. It would seem that Iran and the U.S. want to have the final say as to who does and more importantly does not control and call the shots.
That is Dan Williams speaking on Bloomberg's This Weekend. Now, early on Sunday, Tehran targeted U.S. forces in Kuwait, as well as an oil facility and a power plant. This was one of the worst waves of retaliatory attacks by Iran since the conflict began. Senator Mark Warner is critical of the conflict and the associated cost. This is what happens when you start a war of choice.
And as a member of the Gang of Eight, I can say unequivocally there was no imminent threat from Iran.
You start a war of choice without a plan. That was Democratic Senator Mark Warner from Virginia speaking on CBS Face the Nation. President Trump is calling on Congress to add Iran to a bipartisan Russia sanctions bill. That bill was originally authored last year by the late Senator Lindsey Graham. Now, in adding Iran, this bill would put more economic pressure on countries that buy Iranian oil and natural gas. Meantime, Gulf countries are now rerouting oil flows away from the Strait of Hormuz. Iraq is now using a fleet of trucks to carry oil through Syria. Now, that process can take up to four days to reach Syria's Mediterranean ports. In the last several months, Syria has gone from shipping no fuel...
to making up more than a quarter of Middle Eastern volumes. In China, Moonshot AI is preparing for a public listing, and as early as six months, we are told Moonshot is in the process of wrapping up a funding round that may value the three-year-old startup at more than $30 billion. Here is Bloomberg's Bailey Lipschultz.
I think we've been expecting DeepSeek, the other well-known Chinese AI company, is targeting an IPO in mainland China early next year.
What happened overnight between the U.S. and Iran and which U.S. service members were affected?
So it does seem like the kind of table has been set for these two companies to raise money. But kind of keeping in mind 30 billion private round, 70 billion private round, Even if they raised large IPOs, and those would be big IPOs in a normal year, when you compare that to SpaceX's $86 billion IPO, and you compare that to what we're expecting from Anthropic and OpenAI.
Bailey Lipschultz on Bloomberg this weekend. Now, demand for Moonshot's latest AI model, Kimi K3, was said to be so great over the past 48 hours that the company temporarily paused new subscriptions. The world's second largest air show kicks off this week, the Farnborough International Air Show in Hampshire, UK. Airlines are sure to discuss the latest technologies to help address rising fuel prices. Here is Bloomberg's Benedict Cannell.
One thing that airlines will want to do is buy new aircraft because as we just heard from Ed Bastian, fuel efficiency is key and buying aircraft that are more fuel efficient. So that's important. So that factors into sort of where they are going.
How did U.S. Central Command describe the discovery and verification of remains and the latest casualty in Iraq?
But for the passenger side, how far can fuel prices go? How high can ticket prices go?
Benedict Campbell speaking on Bloomberg this weekend. Spain and Argentina are battling it out today in the World Cup final.
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Chapters
4 chapters
1
What is the main topic discussed in this episode?
0:00–3:18
2
What happened overnight between the U.S. and Iran and which U.S. service members were affected?
3:18–4:20
3
How did U.S. Central Command describe the discovery and verification of remains and the latest casualty in Iraq?
4:20–5:58
4
Why do analysts call the Strait of Hormuz a focal point and what did Dan Williams predict about the conflict?
5:58–7:15
Speakers
7 identifiedMore from Bloomberg News Now
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