US Service Members Killed in Iran Attacks, Iran Threats, More
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Hello, I'm Stephen Carroll. I'm in Brussels, where many of Europe's biggest decisions get made.
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News when you want it with Bloomberg News Now. I'm Monica Ricks. The Pentagon confirms three U.S. service members have been killed in action and five are seriously injured as a result of attacks on Iran this weekend. U.S. Central Command posting the update to X but didn't give too many details, including where they were killed. We know several others with minor shrapnel injuries and concussions are in the process of returning to duty. Meantime, President Trump says bombing will continue in Iran throughout the week and as long as necessary, as Iran threatens to retaliate for strikes by the U.S. and Israel. The president's not expected to speak today, but we're told key members of Congress will get a briefing.
Bloomberg Balance of Power host Joe Matthews says it comes as some lawmakers push for a war powers vote this week to curb the president's authority on future action without congressional approval.
I just wonder how quickly lawmakers could get back to town if leadership decides to do that, because that's the Democratic demand is that everyone reassemble and get a vote on it, which could have happened this week. By the way, there was already a move in that direction, as we discussed yesterday. But two New Yorkers, Gregory Meeks and Chuck Schumer, wanted done now. And I'll be very curious to see what happens with the timing here as we learn more about the window of opportunity that presented itself for this raid.
Bloomberg's Joe Matthew on Bloomberg this weekend, and he's talking about reporting there from The New York Times that said the CIA helped pinpoint a gathering of Iranian leaders ahead of Israel's attack on Iran. Iran has formed a council now to govern while picking a new leader to succeed Supreme Leader Ayatollah Ali Khamenei following his death yesterday. But Iran's foreign minister, Abbas Arachi, talked to ABC today and says besides leadership, nothing's changed.
He says Iran has every right to defend itself.
Here at home, demonstrators called for a different regime change. Hundreds carried signs and chanted anti-war messages in Times Square in New York City, opposing U.S. strikes in Iran. Layan Fulihan was one of them and says President Trump needs to focus on domestic issues.
What we need is health care. We need ICE to stop assassinating people and stop ripping families apart. We need housing. We need education. We don't need another war.
NYPD watched from the sidelines, but no arrests were made. There could be market fallout come Monday, especially when it comes to oil. Bloomberg's Mike McGlone.
Crude oil was already up 20% on the year. Brent running near very good resistance, around $72 a barrel. And the key question is, will there be a reduction, a sustained reduction in supply? Remember, Iran only produces exports maybe one to two million barrels a day. The U.S. net exports are running four million barrels a day. So I think this is a classic example. Unless there's some major disruptions, I'm pretty sure the U.S. military will probably render Iran probably defences rather rapidly.
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