Trump Warns Iran: ’48 Hours Left’, Missing Airman, More
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news when you want it with bloomberg news now i'm ed kalegi president trump said saturday that time was running out on his 10-day deadline for iran to make a peace deal with the u.s and threatened that the islamic republic would face all hell in 48 hours trump said in a social media post the day before easter remember when i gave iran 10 days to make a deal or open up the hormuz strait time is running out 48 hours before all hell will rain down on them glory be to god president trump has not discussed the search for a missing u.s airman but did tell nbc the operation would not affect ongoing negotiations to end the war with iran bloomberg's jamie tarabay weighs in the sort of the terrain and where this uh
this this pilot went down it's mountainous but it's also near a military basis so you kind of want to hope for the best obviously that this person is captured but treated well according to international conventions but we really don't know at this point and i think that that's going to be such a huge priority because that can really change the calculus at least with the way it's landing with the american people depending on what happens to this person
Bloomberg's Jamie Tarabay on Bloomberg this weekend. Traffic through the vital Strait of Hormuz has begun picking up in the past week, with a seven-day rolling average for transits on Friday reaching the highest since the war started. More vessels are crossing, including those with no clear links to Iran or China, as nations negotiate with Tehran to get their ships through. Transits over the past day were led by liquefied petroleum gas carriers, including one headed to India and others with Iranian affiliations. The Iranian military says major oil producer Iraq is exempt from shipping restrictions in the Strait of Hormuz, a potentially significant move for global crude supplies. In an Arabic-language video statement published by state-run Islamic Republic news agency, Iran's military spokesman said brotherly Iraq is exempt from any restrictions we have imposed on the Strait of Hormuz.
The declaration has the potential to unleash as much as 3 million barrels a day of Iraqi oil cargoes. An Iraqi official, however, cautioned that the usefulness of the exemption will depend on whether shipping companies are willing to risk entering the Strait to collect cargoes. It's not immediately clear if the exemption will apply to all Iraqi oil or just the nation's tankers or indeed how it will be enforced. The sudden increase in U.S. gasoline prices felt by American consumers is set to be on full display in key inflation data due out this coming week. Economists are penciling in a 1 percent increase in the Consumer Price Index for March, the sharpest one-month advance since 2022, after the Iran war pushed gas prices at the pump up by about a dollar per gallon.
At the same time, the core CPI, excluding energy and food, probably rose three-tenths of a percent from a month earlier, according to a Bloomberg survey ahead of the Bureau of Labor Statistics report due out Friday.
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