Trump Signals Iran Decision, Crude Oil Higher, More

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Unknown 0:00
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Doug Krisner 0:30
News when you want it with Bloomberg News Now. I'm Doug Krisner. We begin with the risk of military confrontation between the U.S. and Iran. A vast array of American forces are now stationed in the Middle East. This would include two aircraft carriers, fighter jets, and refueling tankers. Earlier today, President Trump said he would decide his next move on Iran within days.
Donald Trump 0:52
Now we may have to take it a step further or we may not. Maybe we're going to make a deal. You're going to be finding out over the next... probably 10 days.
Doug Krisner 0:59
Needless to say, the heightened risk of an attack sent crude oil prices higher today. WTI for March delivery, which expires tomorrow, incidentally, it was up 1.9% today to settle at 66.43. Here is Bloomberg News Senior Editor Eric Wiener.
Eric Wiener 1:15
What is OPEC's reaction going to be? How much has to be extracted from the U.S.? How much more development needs to go on to make up for that demand? It opens up a Pandora's box of questions that the market doesn't really want. The market, which really, really likes certainty, really likes to know what's coming next. This introduces a whole variable that... You can't really plan for it.
Doug Krisner 1:40
That is Bloomberg's Eric Wiener. Meantime, President Trump is reportedly weighing an initial limited military strike to force Iran to meet his demands for a nuclear deal. The Wall Street Journal reports an opening assault would target a few military or government sites. The Journal also reporting that if Iran still refuses to comply, the U.S. would respond with a broad campaign against regime facilities. Also today, President Trump hosted the inaugural meeting of his Board of Peace. Representatives of at least 40 countries attended. Trump said the board received roughly $17 billion in pledges toward humanitarian and reconstruction efforts in Gaza.

What recent developments are there regarding U.S.-Iran relations?

Doug Krisner 2:21
Trump also said his son-in-law, Jared Kushner, would be a member of the Board of Peace. Here's Kushner.
Jared Kushner 2:27
If Jews and Muslims work together, Israelis and Palestinians with Americans and English and Bulgarian and people from all around the world, then we can kind of join on a common goal, which is peace and togetherness. And that's really what we've done.
Doug Krisner 2:40
Now, the goal is to train an initial 5,000 police officers to deploy in Gaza within 60 days. Andrew Mountbatten-Windsor, the brother of King Charles III, was arrested earlier today on suspicion of misconduct in public office. Now, the move followed more details on Mountbatten-Windsor's relationship with convicted sex offender Jeffrey Epstein. Today, the former prince was questioned by police. He wasn't charged, and by the evening, police said he was released from custody under investigation. King Charles issued a statement. It said the law must take its course and authorities will have the royal family's full support and cooperation. Netflix says its proposed acquisition of Warner Brothers Discovery will lead to more films and movie theaters.
Doug Krisner 3:27
This addresses a key concern from Hollywood. Netflix co-CEO Ted Sarandos said it's likely there will be even more high-quality films for theaters if this deal goes through. And Sarandos said he is highly confident the deal will close. Here is Sarandos speaking earlier to Bloomberg.
Ted Sarandos 3:44
This process opened up Warner Brothers Discovery to determine that within their strategic best interest to sell these assets. We entered into a negotiation. It was a very, very clear bidding process that they laid out for us, which we followed and won that bid. I think in the alternative, this guy has gone, you know, missed every deadline. They've been taking nine runs of this bid, and they just won't accept this outcome.
Doug Krisner 4:14
That was Netflix co-CEO Ted Sarandos speaking earlier to Bloomberg.

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