US Bombs Persian Gulf Supertanker, Warsh Talks Trump, More

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Bloomberg News Now 7 min 9 speakers 5 chapters transcribed 2 months ago
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What is the main topic discussed in this episode?

Nathan Hager 0:00
Add a little curiosity into your routine with TED Talks Daily, the podcast that brings you a new TED Talk every weekday. In less than 15 minutes a day, you'll go beyond the headlines and learn about the big ideas shaping your future. Coming up, how AI will change the way we communicate, how to be a better leader, and more. Listen to TED Talks Daily wherever you get your podcasts. News when you want it with Bloomberg News Now. I'm Nathan Hager.
Karen Moskow 0:28
And I'm Karen Moskow.
Nathan Hager 0:30
Aaron, we begin with the latest developments in the Middle East. The U.S. struck Iran for a fifth straight day, hitting a sanctioned oil tanker near the country's main export terminal. Iran responded to the U.S. barrage, firing upon American bases in Kuwait and Jordan. We get more from Bloomberg Middle East managing editor, Onur Ant.
Onur Ant 0:47
We saw further strikes by the U.S. on various missile storage and missile launch sites, control and command centers, again, along Iran's southern coast. The Islamic Republic responded as expected. There have been retaliatory attacks, especially on Arab states and the Persian Gulf. So this basically takes up the escalation one step further. We are seeing the continuation of a serious test facing, well, there is no ceasefire really left anymore, but the interim agreement has all but collapsed. The latest strikes are just a continuation of this serious test facing the interim agreement.
Nathan Hager 1:21
Bloomberg's own Iran says the U.S. and Iran are accusing each other of breaching the terms of the Memorandum of Understanding.
Karen Moskow 1:27
Nathan, we have a warning from the head of the International Energy Agency. Executive Director Fati Biral says the global economy faces a renewed challenge if the conflict that's choked the Strait of Hormuz is not resolved in a matter of weeks. Biral spoke with Bloomberg's David Gurra at the Aspen Security Forum in Colorado.
Fadi Birol 1:47
Big uncertainty and the markets are nervous whether or not there will be a soon and lasting solution to the problem and at the same time many countries are taking some measures to avoid the worst case scenario.
Karen Moskow 2:06
And that was International Energy Agency Executive Director Fadi Birol speaking with Bloomberg's David Gurra at the Aspen Security Forum. And Birol added that the conflict must be resolved in a matter of weeks to limit impact on the global economy.
Nathan Hager 2:19
Well, back in Washington, Karen, a couple of key Trump nominees faced questions in confirmation hearings.

What happened when the U.S. struck a sanctioned oil supertanker near Iran's main export terminal?

Nathan Hager 2:25
Acting Attorney General Todd Blanch faced criticism over a deal giving President Trump and his allies immunity from past tax audits. Bloomberg's Amy Morris reports from Washington. Blanche says the fund created by President Trump's lawsuit against the IRS has been canceled, but Republican Senator John Cornyn raised concerns that it could be revived. The President of the United States has not agreed in writing to delete the weaponization fund, and there's no guarantee that he might raise that issue by way of a lawsuit in the future. There's no fund. I suppose they could bring a lawsuit. Senators also questioned whether Blanche can operate independently from Trump, given his past work as Trump's personal lawyer.
Nathan Hager 3:04
Blanche will need the support of all Republicans on the Judiciary Committee to advance his nomination. In Washington, Amy Morris, Bloomberg Radio.

How did Iran retaliate against U.S. bases in Kuwait and Jordan and what does that mean for escalation?

Karen Moskow 3:12
All right, Amy, thank you. President Trump's nominee to lead the U.S. intelligence community also appeared on the Hill for his confirmation hearing. Jake Clayton repeatedly sidestepped questions from Democrats on whether Joe Biden won the 2020 election. He had this exchange with a top Democrat on the Senate Intelligence Committee, Mark Warner.
Unknown 3:31
So let me just ask you what should be a simple question. Do you deny that Joe Biden won the 2020 election? Senator, I'm not an election denier.

Which Iranian military sites did the U.S. target along Iran’s southern coast?

Nathan Hager 3:41
Joe Biden was certified as the president of the United States.
Karen Moskow 3:45
Jay Clayton was also pressed about his current role as Manhattan's top federal prosecutor, and his office has moved to subpoena New York Times journalists for reporting on security shortcomings on President Trump's new Air Force One from Qatar.

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