US-Iran Talks This Weekend, Trump Threats Over Hormuz Fee, More
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News when you want it. With Bloomberg News Now, I'm Doug Krisner. The U.S. and Iran are preparing for peace talks this weekend in Pakistan, and Israeli strikes in Lebanon are sure to be a major issue. Iran called it a clear violation of a ceasefire agreed this week. However, Prime Minister Benjamin Netanyahu said there is no ceasefire in Lebanon. Netanyahu did agree to hold talks with Lebanon with a focus on disarming Hezbollah. Early on Thursday, the Israeli military told residents in eight Beirut neighborhoods to leave ahead of strikes. And Netanyahu said Israel will not stop striking until security of communities in northern Israel is ensured. Here is Bloomberg's Jeff Mason.
Well, there have certainly been mixed signals, and that has been a characteristic of this war and the rhetoric about this war coming from the White House and now from Israel since inception more than five weeks ago. So this would seem to follow along with that same pattern. And that, of course, raises more questions and raises the stakes for the talks this weekend that Vice President Vance is going to lead on behalf of the United States for a more permanent ceasefire.
That is Bloomberg's Jeff Mason. Now earlier today, NBC reported President Trump told Netanyahu to scale back on those strikes to ensure the success of negotiations with Iran. Trump also said the US military will remain in place around Iran until a ceasefire is firm. The Strait of Hormuz remains largely blocked. A handful of Iran-linked ships have traveled through this choke point, and three Chinese oil tankers, fully laden with Saudi and Iraqi crew, sailed toward Hormuz. Iran said any vessels transiting the strait would need army approval. But even with a pickup in traffic, the return of energy supplies will not be instant. Output has been reduced at oil and gas fields, while refineries have curtailed production or even shut it down.
And Saudi Arabia has lost more than a half million barrels of daily output due to those Iranian attacks. Today, oil prices rose, with U.S. crude closing up nearly 3.7%. to 97.87, and after the New York close, President Trump warned Iran against charging tolls on vessels moving through the Strait. Treasury Secretary Scott Besant and Fed Chair Jay Powell have called Wall Street CEOs to an urgent meeting. We are told the aim is to make sure banks are aware of possible future risk raised by Anthropic's latest AI model, Mythos. Now, the banks will be urged to take precautions to defend their systems against a new breed of cyber attacks considered one of the biggest risks facing the financial industry.
NATO Secretary General Mark Rutte said the alliance is moving Europe from having an unhealthy codependence on the U.S. Rutte's remarks come a day after President Trump criticized NATO over its lack of support during the Iran war. Here is Rutte speaking at the Ronald Reagan Institute in Washington.
Europe is assuming a greater and fairer share of the task of providing for its conventional defense. And from that, there will be no going back and nor should there be.
That is NATO Secretary General Mark Rutte. Russian President Vladimir Putin announced a brief ceasefire in Ukraine over the Orthodox Easter weekend.
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