US to Impose Hormuz Blockade, McIlroy Wins Masters, More
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Hello, I'm Stephen Carroll. I'm in Brussels, where many of Europe's biggest decisions get made.
And I'm Caroline Hepke in London. We're the hosts of the Bloomberg Daybreak Europe podcast.
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News when you want it. With Bloomberg News Now, I'm Doug Krisner. The U.S. and Iran failed to strike a peace deal over the weekend, and in response, President Trump said the U.S. will begin a full naval blockade of the Strait of Hormuz beginning Monday. Here is Trump speaking tonight to reporters.
We have a lot of people, as you know, at 10 o'clock tomorrow, we have a blockade going into effect. That'll be 10 o'clock tomorrow. Other nations are working so that Iran will not be able to sell oil. And that will be very effective. But what we want to do is we want to... And again, we don't need it. What we notice and what we see and what I think is... Maybe my idea, maybe not. I don't know. But there are many boats heading toward our country to fill up with oil and then go and take it. So they're not going to go through the Hormuz Strait.
That was President Trump speaking to reporters at Joint Base Andrews. Now, the Wall Street Journal is reporting countries in the Mideast are racing to bring the U.S. and Iran back to the negotiating table, and they are also talking with the U.S. to get an extension of a fragile two-week ceasefire announced last Tuesday. However, tonight, President Trump told reporters he doesn't care if the Iranians return to the table for negotiations. Now, a full naval blockade of the Strait of Hormuz is being viewed by markets as a re-escalation. At the end of last week, markets began to price in a peace dividend. But now, in Asian trading, oil prices are rallying. And a key question is whether this is the beginning of a true supply disruption.
Amrita Sen is founder and director of Market Intelligence.
This is fundamentally the issue, right? Yes, the U.S. is the biggest producer in the world, and we are not expecting shortages outside of maybe the West Coast. But U.S. policymakers have to appreciate this is a global market, and this kind of a blockade does mean high domestic prices.
That is Amrita Sen, founder and director of Market Intelligence, speaking earlier to Bloomberg this weekend. At Augusta National, the 90th Masters is now history and defending champion Rory McIlroy has another green jacket. He won the 2026 Masters at 12 under par.
Rory is a rare repeat winner at Augusta.
That's the call from CBS Sports. This is McElroy's second straight win, making him the fourth man to go back-to-back at Augusta National. He joins Jack Nicklaus, Nick Faldo, and Tiger Woods. Incidentally, McElroy will receive $4.5 million in prize money. Scotty Scheffler was runner-up. U.S. Representative Eric Swalwell is suspending his campaign for governor of California. This comes days after a former aide reportedly accused him of sexually assaulting her. The San Francisco Chronicle and CNN also report other women alleging sexual misconduct on the part of Swalwell. And at the same time, several lawmakers on both sides of the aisle have said they would support a motion to expel Swalwell from Congress.
Now, Swalwell has denied allegations of sexual assault against him. Viktor Orban has conceded defeat in Hungary's general election.
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