US Strikes Iran, Platner Quits Senate Race, More
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News when you want it with Bloomberg News Now. I'm Caroline Hepker. The US and Iran have traded fresh strikes in the past few hours, pushing their already fragile ceasefire closer to collapse. America carried out a second night of bombings, targeting around 90 sites across Iran. The US military says the strikes focused on air defence systems, coastal surveillance facilities and drone storage sites. Speaking to reporters aboard Air Force One, President Trump said that he was unsure whether the conflict would now escalate into a full-scale military campaign.
We just hit them very hard. And I say we hit a 20 to one. Every time they hit us, we're going to hit them 20. And we did it last night. They did a little something today, but it was really retribution for last night. They hit actually three boats, not two. And when they hit, we hit back much harder. Are we returning to a full-scale military conflict, sir? I don't know. I don't know. We'd win it very quickly. It's another way of doing it.
What happened in the latest US strikes against Iran and which sites were targeted?
We have many ways we can win, but we've already won militarily. They have very little left, and they want to make a deal so badly. They called a little while ago. They want to make a deal so badly. I just don't know if they're worthy of making the deal. I don't know that they're going to honor the deal. That's the problem.
The president has also threatened to reimpose a blockade of Iranian ports and target critical infrastructure. According to Iran's state-run broadcaster Press TV, the country's Revolutionary Guard responded by launching strikes on U.S. bases in Kuwait and Bahrain and warned that it would expand its attacks. That was backed up by Kuwait's military, which said that its air defenses were confronting missile and drone attacks. Meanwhile, oil prices are continuing to rise as the latest strikes raise fears that the conflict could disrupt shipping through the Strait of Hormuz. Tracking data shows traffic through the strategic waterway is at a near standstill this morning with Brent crude having climbed this morning is actually currently down by half of 1%.
trading at around $77 a barrel. Prices had briefly risen above $79 a barrel. Yesterday, Bloomberg spoke to five ship owners whose vessels have crossed Hormuz in recent weeks. Three said that they were assessing whether it's still safe to transit, while two said that they hadn't yet changed their policies. Russia is banning diesel exports after a wave of Ukrainian attacks has led to domestic shortages. The ban is only until the end of this month, but has sent prices to multi-year highs. Ukraine successfully has taken out a series of refineries in recent weeks, with President Volodymyr Zelensky saying that the war has changed.
How did President Trump describe the potential for escalation after the strikes?
Today, drones and the very technology of fighting at a distance represent a revolutionary change in the technology of war.
Ukraine's President Volodymyr Zelensky speaking there at the NATO summit in Ankara. Last year, Russia accounted for about 11% of global supplies of diesel, according to data compiled by Bloomberg. Now to some politics in the US. Democrat Graham Plattner is ending his Senate campaign after a sexual assault allegation triggered a collapse in support for him. The 41-year-old oyster farmer and military veteran announced his decision to withdraw from the main Senate race, where he was seeking to unseat Republican Susan Collins. Here's a video that he posted to social media.
I know that some will think it's an admission of guilt, and it most certainly is not. We're not doing it because of the allegations. We're doing it because of the structures that are being taken away from us by those in power.
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