Iran Attacks US Bases; Oil Jumps as Fighting Erupts | Bloomberg Daybreak: US Edition

Bloomberg Audio Studios, podcasts, radio, news. — Good morning. I'm Nathan Hager — And I'm Karen Moscow. Here are the stories we're following today.

Karen, we begin with escalation in the war between the US and Iran. The US military says it intercepted a surprise Iranian ballistic missile attack on its bases in the Middle East. The US and Saudi Arabia struck back, hitting tanbacked militias in Iraq.

That's after the US says Iran directed 30 drone attacks against its forces over the past few days. Bloomberg White House correspondent Jeff Mason says all this has brought a relative calm in the region to an end.

President Trump setting a much more positive tone or at least a sort of cautious wait and see tone over the last few days and that would seem to have now changed. And if if past his prologue, President Trump does not react well to attacks from Iran, uh particularly when he believes that there was some kind of an agreement or on a pause or on a ceasefire, which there wasn't necessarily over the last few days, but it did seem like both sides were at least tacitly agreeing to hold back. And Bloomberg's Jeff Mason adds talks between Iran and Oman to get traffic or more of it through the straight of Hormuz seem to have faltered.

And oil Nathan surging on the latest developments in Iran. Brent, it is up more than 3.5% at $876 cents a barrel. This after its biggest 3-day decline since April of 2020. Iran's Islamic Revolutionary Guard Corp. claims to have hit and halted three tankers without saying where those strikes took place. And Karen, the escalation follows a meeting between President Trump and Israeli Prime Minister Benjamin Netanyahu at the White House.