September 8, 2026: US Strikes Near Kharg Island, US-Canada Trade Escalation, More

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Previously titled “US Strikes Near Kharg Island, US-Canada Trade Escalation, More” — renamed by the publisher on Sep 9, 2026

Bloomberg News Now 8 min 4 speakers 7 chapters transcribed 9 hours ago

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Transcript generated automatically by AI and may contain errors.

What are the latest AI developments and the upcoming Bloomberg Tech event in London?

Caroline Hepker 0:00

AI is entering its most consequential phase where scale, safety, and sovereignty will determine who leads and who lags. Join Bloomberg Tech in London on November 2nd and 3rd as global leaders across business, finance and policy examine the defining trade-offs shaping the future of AI. Thank you to our presenting sponsor Salesforce and supporting sponsors IDA Island and Schneider Electric. Learn more at BloombergLive.com slash. Slash Tech London.

Doug Krisner 0:32

News When You Want It with Bloomberg News Now I'm Doug Krisner. Crude oil prices rallied today after Iranian media reported several explosions near Karg Island, that is Iran's strategically important oil export hub. Then later in the day, a U.S. official said American forces did strike targets near Karg Island and the port city of Jask in response to attempted missile attacks on a U.S. warship. Here is Mike. Michael Allen, he is managing director at Beacon Global Strategies.

Michael Allen 1:00

This looks like to me Donald Trump trying to gain some additional leverage.

Why did the United States strike targets near Iran’s Kharg Island and the port city of Jask?

Michael Allen 1:06

The military strikes against military infrastructure didn't seem to be very fruitful, so I think we're taking it right to the jugular.

Doug Krisner 1:15

That was Michael Allen, Managing Director at Beacon Global Strategies. The trade war between the U.S. and Canada is escalating. The U.S. has now moved to ban some imports of Canadian dairy and auto products as of September 29th. Earlier in the day, Canada imposed new tariffs on hundreds of products from the U.S. with levies ranging from 15 to 50 percent. Canadian Prime Minister Mark

Doug Krisner 1:45

We got reaction from former US trade rep Susan Schwab.

Susan Schwab 1:50

Um, I think we're in for a rocky time over the next several months, maybe the next couple years. Speaking as a veteran negotiator with the Canadians on issues like softwood lumber, like market access in the digital space, uh the Canadians are very hard to negotiate with. Mm-hmm.

How is the escalating U.S.–Canada trade dispute affecting dairy and auto imports?

Susan Schwab 2:11

So I I I know what my successor is going through. Border states and border provinces uh need each other.

Doug Krisner 2:21

That was former US trade rep Susan Schwab. Meantime, the European Union and Canada are working toward a new relationship ranging from trade to security.

Unknown 2:41

uh moves by Asian countries and and by Germany actually to to make a claim for more uh Canadian natural resources, particularly oil and gas. Uh liquefied natural gas is a relatively new export industry for Canada. And and so I think those are

Doug Krisner 3:04

In Missouri, a fight over whether Republicans can use a redrawn congressional map for this fall's midterm elections was cast into chaos tonight after two conflicting court rulings. Earlier, Supreme Court Justice Brett Kavanaugh let stand a lower court decision blocking a Missouri congressional map that favored Republicans. Well later, in a separate case, a federal judge ordered the state to the city. Now these results leave the status of Missouri's congressional map uncertain, and the state's congressional races appear to be in limbo. You see, today was the day when Missouri was required to finalize its ballots for November's midterm elections. It is primary day in New Hampshire and voters have selected nominees for the midterm election to succeed Democratic Senator Gene Shaheen, who is retiring after three terms.

What impact did the conflicting court rulings have on Missouri’s congressional map for the midterms?

Doug Krisner 4:00

On the Republican side, former U.S. Senator John Senunu won his party's nomination, and on the Democratic side, New Hampshire Representative Chris Pappas won the nomination. So Sanunu and Pappas will face one another in November. Over the last several weeks, Republicans have attempted to paint Michigan Democratic Senate candidate Abdul El Sayed as a political villain. President Trump and Vice President J.D. Vance have called him a socialist and evil. El Sayed, in return, lambasted President Trump's tariffs on U.S. trading partners as well as the war in Iran and the high cost of living. El Syed addressed affordability.

Abdul El‑Sayed 4:43

What's dangerous to them is that they're watching their entire paycheck get gobbled up by gas they can't afford, who groceries they're getting priced out of, utilities that are way too expensive, all bought and paid for by the corporations who are buying people like Mike Rogers, JD Vance, and Donald Trump.