Episode summary
Trump Takes Hard Line on Iran, China’s Xi to Skip UN Meeting | Bloomberg Daybreak: US Edition
Bloomberg Daybreak: US Edition
· · 16 min
Summary
President Trump signaled a harder line on Iran, saying he would not seek to extend the 60-day memorandum of understanding and asserting that the U.S. has control over the Strait of Hormuz. Bloomberg’s Middle East reporting said the strait is not actually open in the normal sense, with shipping still relying on evasive routes and darker sailings, while Oman and Iran continue talks over how traffic will be governed. The exchange of fire and the broader conflict remain unresolved despite the expired truce.
The Gaza ceasefire picture also stayed murky after Jared Kushner’s meeting with Benjamin Netanyahu. U.S. negotiators appeared to accept Israel’s demand that Hamas disarm before any reconstruction, making a near-term peace deal look less likely.
Elsewhere, Xi Jinping is set to skip the UN General Assembly in New York during his U.S. trip and instead meet Trump on September 24. The show also touched on rising bond yields, Anthropic’s rapid revenue growth, and the start of a major Meta trial over allegations that Facebook and Instagram were designed to encourage compulsive use among young people.
Key takeaways
- Trump said he would not extend the Iran truce, keeping pressure on Tehran and Oman over the Strait of Hormuz.
- Bloomberg’s Middle East correspondent said Hormuz is not fully open, with ships still using transponders off and other evasive tactics.
- U.S. negotiators appear willing to let Hamas disarmament come before Gaza reconstruction, which weakens the odds of a quick ceasefire deal.
- Xi Jinping will skip a New York UN stop on his U.S. trip and meet Trump on September 24 instead.
- Anthropic is on pace for more than $65 billion in annualized revenue, according to Bloomberg Intelligence, while Meta faces a potentially massive consumer-protection trial.
Notable quotes
“The street is open and the oil prices are coming down and they will continue to come down unless we decide to do something far more drastic than we're doing”
“I can categorically say that straight to muse is not open if by open we mean you know what it was 6 months ago where ships would go through freely”
“American negotiators appear to acquies to Israeli demands that Hamas disarmament must come before any reconstruction of the devastated Palestinian enclave”
“Chinese leader Xi Jinping is going to forego a stop in New York to address the UN General Assembly when he visits the US next month”
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. — Karen, President Trump is taking a harder line with Iran. With the 60-day memorandum of understanding between the two countries officially expired, the president says he is not interested in seeking an extension. And now he's making a new threat to bomb Oman if that country gets in the way of the US blockade in the straight of Hormuz.
Would you say you're out of patience with Oman? A strategic nor behave very well, but we handle them very easily just like we do other things.
President Trump spoke to reporters from the White House as Iran and Oman continue negotiations on how to manage the strait. Bloomberg Middle East correspondent Aira Omar has more from Dubai. From the Iranian side, we know that there's a lot of complexities when it comes to finding that mechanism and a way around just finding those paths in the street of Hermus to to reopen and get oil moving once again through the waterway.
That is when it comes to that agreement that is happening between Oman and Iran. Bloomberg Zabiru Omar reports the US is not part of those negotiations, but President Trump insists the US has total control of the strait and he likes the idea of declaring it US territory.
Well, Nathan, a marathon meeting between US negotiator Jared Kushner and Israeli Prime Minister Benjamin Netanyahu left the fate of the Gaza ceasefire unclear. Officials signaled moderate optimism after yesterday's talks, but offered no concrete commitment by Israel to the latest US proposed plan. American negotiators appear to acquies to Israeli demands that Hamas disarmament must come before any reconstruction of the devastated Palestinian enclave.
From the episode’s captions: roughly the first two minutes, lightly cleaned. Keep watching on YouTube →
Topics
- trump iran truce
- strait of hormuz oil
- gaza hamas israel redeployment
- xi un general assembly
- us china relations
Watch the episode
Summary, takeaways and quote selection by Octagon. Quotes are short excerpts; the full conversation is in the episode.
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