US Concludes Strikes on Iran, US New Tariffs on Canada, More
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What is the main topic discussed in this episode?
Hi, I'm David Weston.
News when you want it. With Bloomberg News Now, I'm Doug Krisner. The oil market is being buffeted by fresh tensions in the U.S.-Iran conflict. A short while ago, U.S. forces concluded strikes on Iranian targets. These actions followed President Trump's vow to Tehran that it will pay for killing three American soldiers. Earlier in the day, though, Iran said mediators were in touch regarding proposals on how to ease these hostilities. Reuters reported one proposal is for a 10-day ceasefire to find ways to revive that memorandum of understanding. Here is Bloomberg's Chris Kennedy.
Iran and the U.S., so long as they're actively fighting each other, there's going to be no way that we're going to get to something resembling what we saw during that brief period where the MOU was in place. And we've seen that Iran has not responded well to these sorts of threats over time. That is Bloomberg's Chris Kennedy.
Meantime, Iran-backed Houthi rebels in Yemen say they will impose a ban on maritime traffic from Saudi Arabia. Now, this will put millions of barrels of Saudi crude exports through the Red Sea at risk. Now we are hearing the Saudi-led coalition in Yemen has taken steps to protect vessels sailing through the Red Sea. A spokesperson for the coalition said all Houthi threats against transiting vessels will be dealt with swiftly and firmly. The Pentagon reportedly withheld information on dozens of military injuries suffered by U.S. forces during the war in Iran. The New York Times reports, in the week leading up to last Friday's attack in Jordan, Iran carried out three other attacks on U.S. bases in Jordan.
And in those cases, dozens of service members were injured and several helicopters damaged. Now, the Pentagon did not disclose the earlier strikes nor the casualties and damage inflicted. although today on social media the Pentagon's chief spokesperson said the number of U.S. military casualties from Iranian attacks since July 7th had risen to nearly 100. Canadian Prime Minister Mark Carney says his government is ready to talk with the U.S. about modernizing the U.S. MCA trade deal. Now, Carney's remarks come after the Trump administration hit some Canadian goods with a new 50% tariff under a never-before-used legal provision. It gives the president power to impose duties of as much as 50% on countries deemed to discriminate against U.S.
commerce. Now, a senior U.S. official cited Canada's unfair treatment of American alcohol, automobiles, and dairy products. Here is Bloomberg's Derek DeCloet.
What is a proposal from Canada that would satisfy the Trump administration and get them to sort of sign off on temporary tariff relief or even sign off on a longer term renewal of the USMCA?
What were the U.S. strikes on Iranian targets and why were they carried out?
I mean, that remains a mystery whether there is actually such a deal.
uh that can be done but but it's always been canada's position that they're willing to negotiate they're just not willing to sign up you know what from from carney's point of view would would be considered a bad deal that was bloomberg's derek decloet now certain canadian products will be excluded from these new tariffs set to take effect in 30 days they include energy potash fish critical minerals and goods like autos and metals which are covered by separate sectoral duties on industries A federal judge has temporarily paused Paramount Skydance's takeover of Warner Brothers Discovery. The judge said this $110 billion deal likely violates antitrust law. Now the companies have been ordered to hold off on closing this deal for 14 days.
A hearing is scheduled for August 3rd to determine whether that hold should extend for longer. Now the ruling comes after California and 11 other states sued to block this deal. They claim... It would harm competition for film and cable TV distribution. Here is Bloomberg's Chris Palmieri.
This deal's already been approved by the Justice Department. It's widely expected to get the blessing of regulators in Europe this week. This puts all of that on hold. And just to really further up the pressure, if this deal doesn't close by the end of September, Paramount has to pay Warner Brothers shareholders potentially hundreds of millions of dollars a quarter in essentially late fees.
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Chapters
4 chapters
1
What is the main topic discussed in this episode?
0:00–3:23
2
What were the U.S. strikes on Iranian targets and why were they carried out?
3:23–5:42
3
Could mediators and a proposed 10-day ceasefire end U.S.-Iran hostilities?
5:42–7:49
4
How are Iran-backed Houthi actions in the Red Sea threatening Saudi crude exports?
7:49–8:38
Speakers
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