US, Iran Extend Pause in Strikes, Oman Holds Hormuz Talks, More
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This week on Leaders, with me, Francine Lacqua. I speak to tennis legend Rafa Nadal about how he stayed competitive despite injury.
I was able to enjoy the victories probably more than if I will not have this issue.
One iconic match.
In my mind was, I am almost dead.
And whether he misses playing.
I don't miss tennis because there was nothing else to offer.
Listen and watch Leaders with me, Francine Lacroix, on Bloomberg Television or wherever you get your podcasts.
News when you want it with Bloomberg News Now. I'm Monica Ricks. The U.S. has paused its almost two-week run of strikes against Iran amid concerns, according to the New York Times, that ramping up this war could dangerously drain the Pentagon's air defense munitions stockpile. It also comes as President Trump faces mounting pressure now to end the war. Bloomberg White House correspondent Courtney Subramanian has more from Washington.
There's great frustration, of course, within this administration about where things are at. One thing I had been told consistently over the last few months was that Republicans had hoped this would wrap by this point because of the midterm elections in November and because of some of the messaging they have to take home. So, you know, increasingly, as we see more nations get wrapped up into this, I think the president is under immense pressure to find some sort of solution to return to the negotiating table.
Subramanian on Bloomberg this weekend. Iran has signaled it's also holding off on retaliatory attacks as it holds talks with Oman over the Strait of Hormuz. In Washington this week, President Trump said to meet with Israeli Prime Minister Benjamin Netanyahu at the White House. We get more on that from Bloomberg's Amy Morris.
A meeting with Netanyahu could help determine next steps and coordination between the U.S. and Israel. This will be their first in-person meeting since February. Netanyahu will also attend the funeral for Senator Lindsey Graham at the U.S. Capitol building and the National Cathedral. In a post on social media, Netanyahu described Graham as a dear friend and a champion of the U.S.-Israel alliance. In Washington, Amy Morris, Bloomberg Radio.
Ukrainian President Volodymyr Zelensky is also expected to attend Graham's funeral and meet with Trump on Tuesday. Meantime, Katy Perry denounced the White House this weekend for using her song Firework in a social media video that showed footage of military attacks with the caption, Iran has been warned. The pop star says it didn't have permission and using that song to soundtrack destruction and violence is a complete violation of everything it stands for. Germany says it believes yesterday's Berlin pride attack was Islamic extremist terror. Authorities there are still searching for the 21-year-old suspect who rammed his van into a crowd, killing one person and injuring 16 others. New UK Prime Minister Andy Burnham says he had a really warm exchange with President Trump last week after replacing Keir Starmer.
But he tells the BBC that he won't hesitate to challenge or call out the U.S. president to defend Britain's national interests.
Why did the U.S. pause almost two weeks of strikes against Iran?
That's what you're required to do if you're to do this job properly. I will always put Britain's interests first.
Burnham also says he has no plans to hold an early general election before they're due in 2029 because the voters don't want it. Australian Prime Minister Anthony Albanese says he plans to appeal directly to Trump over new tariffs announced by Washington this week that he calls unjustified. Albanese says Australia has very strong provisions on modern slavery. And tariffs will not only lead to higher costs in the U.S., but undermine their trading relationship. The prime minister has called for an end to the war in Iran, which has led to higher energy prices, and plans to make an announcement soon on fuel. Meantime, from Washington to London to Tokyo, central bankers are set to reveal their worries about the return of oil to about $100 a barrel this week with G7 rate decisions.
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