Episode summary
Iran Wants Hormuz Control, Birthright Citizenship Decision Due | Bloomberg Daybreak: US Edition
Bloomberg Daybreak: US Edition
· · 15 min
Summary
The day’s lead story was the next round of US-Iran talks in Qatar, with the Strait of Hormuz emerging as a central point of leverage. The guest said Iran is doubling down on plans to charge tolls or fees on shipping after the 60-day negotiation period, while the US and its Gulf allies want the waterway to remain free of charges. The guest also said Iran appears focused on keeping ceasefire terms alive and monetizing control of the strait, not only on nuclear issues. Morgan Stanley cut oil forecasts again as traffic through Hormuz recovered faster than expected, though the host noted Brent futures had already fallen sharply this quarter.
Key takeaways
- The guest said Iran wants to retain control of the Strait of Hormuz and turn that leverage into cash flow for the regime.
- The host said Morgan Stanley cut oil forecasts again as flows through Hormuz resumed faster than expected.
- Trump is holding off on signing a bipartisan housing bill while pressing Republicans on the Save America Act instead.
- The host said four major Supreme Court cases remain outstanding, including a challenge to Trump’s birthright citizenship order.
- Bloomberg’s market guest said AI infrastructure stocks likely contributed 60% of S&P 500 earnings growth in the quarter.
Notable quotes
“They've really been doubling down on this toll that they are wanting to charge once the 60-day negotiation period between them and the United States is over”
“it looks as though they may focus on more technical issues to do with just keeping the ceasefire alive”
“they are very insistent um that they should retain that leverage that control um and uh also try and monetize it”
“The president canceled plans to sign it last week after it passed both the House and Senate by wide margins”
“AI infrastructure stocks have just by themselves likely contributed 60% of S&P 500 earnings growth in the quarter”
How the episode opens
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.
Well, Karen, we begin with the latest from the Middle East. The US says it is set for another round of talks with Iran today in Dohar Qatar. The White House says special envoy Steve Witkoff and President Trump's son-in-law Jared Kushner will attend.
Iran has not confirmed it will though it is sending a delegation to Qatar today. In the meantime, Iran is ratcheting up talk about maintaining control of the Strait of Hormuz. We get the very latest from Bloomberg Middle East correspondent Aira Abu Omar in Dubai.
They've really been doubling down on this toll that they are wanting to charge once the 60-day negotiation period between them and the United States is over. They said with or without the blessing of Raman which has emerged as this other key country that they will the straight of Hermuz alongside with Raman Sultan Benarik met with Emanuel Mak of France yesterday and both had agreed that the straight of Hermuz should remain free of charges.
Bloomberg Zabir Abu Omar reports the interim deal with Iran does keep the straight toll-free for 60 days but leave open the possibility of shipping fees after that. President Trump is not saying whether he thinks new talks will lead to a breakthrough. He says his focus is on Iran never having a nuclear weapon.
Well, Nathan Morgan Stanley is cutting oil forecasts for the second time in about two weeks as flows through the straight of horm return faster than expected. The firm says strong US supply and weak Chinese demand raise the risk of a glot. Brent futures have collapsed about 30% this quarter as the US and Iran reached an interim peace agreement that's allowed some traffic through Hormuz to resume
At the White House.
From the episode’s captions: roughly the first two minutes, lightly cleaned. Keep watching on YouTube →
Topics
- iran hormuz control
- qatar talks ending war
- housing bill investors single-family homes
- birthright citizenship supreme court
- trump executive power ftc
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Summary, takeaways and quote selection by Octagon. Quotes are short excerpts; the full conversation is in the episode.
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