Trump Expands Iran War, Hormuz Disruption Spikes Oil, 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. News when you want it with Bloomberg News Now. I'm Stephen Carroll. And I'm Caroline Hepker. including Revolutionary Guard facilities and air defences. He also reconfirmed the death of Iran's Supreme Leader Ayatollah Ali Khamenei and called on the country's leaders to capitulate as he outlined the reasons for the massive military intervention.
We're undertaking this massive operation not merely to ensure security for our own time and place but for our children and their children just as our ancestors have done for us. many, many years ago. This is the duty and the burden of a free people. These actions are right, and they are necessary to ensure that Americans will never have to face a radical, bloodthirsty terrorist regime armed with nuclear weapons and lots of threats.
Trump's comments came as Iran sent waves of missiles at targets in multiple countries that host US military bases. Projectiles struck buildings and killed civilians in Israel, while defences in Saudi Arabia, Qatar, Bahrain and Kuwait intercepted incoming fire. Trump, who won the presidency by promising not to endanger American troops in the Middle East, also addressed the death of three US service members during operations.
As one nation, we grieve for the true American patriots who have made the ultimate sacrifice for our nation. Even as we continue the righteous mission for which they gave their lives, we pray for the full recovery of the wounded and send our immense love and eternal gratitude to the families of the fallen. And sadly, there will likely be more. Before it ends, that's the way it is.
In a brief interview with the New York Times on Sunday, Trump said the assault on Iran could last four or five weeks. Meanwhile, officials in Tehran yesterday said the death toll in the country was already over 200, with that figure expected to rise significantly. As the US and Israeli bombing of Iran continues, President Trump has told ABC that his preferred candidates to lead the state were killed in the initial attack. The death of Ayatollah Ali Khamenei, Iran's supreme leader, has thrown the country's future leadership into question. Khamenei did not publicly designate a successor. Until one is appointed, a council compromising the president and two other senior figures is carrying out the leader's duties.
Wendy Sherman, former U.S. Deputy Secretary of State, says the Iranian regime will be extremely hard to dislodge.
Iran has many layers. It has succession plans. It will have a new leader. It will not splinter easily. Iran's regime is quite institutionalized. The Islamic Revolutionary Guard Corps is quite fierce. And yes, there will be tremendous harm, but let's remember the Iraq war went on for eight years. So Iran does not give up easily. It in fact has an entire culture of resistance.
Wendy Sherman's words came as it was reported that President Trump has agreed to talk to Iran's new leadership. The Atlantic quotes a conversation with the U.S. president in which he said they want to talk and I have agreed to talk.
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