Episode summary
Trump Urges Iran Leadership Change; Oil Spikes on Hormuz Disruptions | Bloomberg Daybreak: US...
Bloomberg Daybreak: US Edition
· · 24 min
Summary
The broadcast centered on the widening Middle East conflict after US and Israeli strikes on Iran, with the host reporting that President Trump says the bombing campaign could last for weeks and will continue until its objectives are met. The host said Iran’s remaining leaders have been urged to surrender, while Iranian officials insist negotiations with the US are not back on the table. A Bloomberg analyst covering the region said the fighting has become a regional war, with 11 countries involved and Gulf airspace disruptions affecting travel and trade.
Key takeaways
- The host said President Trump wants the campaign against Iran to continue until all objectives are met, raising the risk of a longer conflict.
- A Bloomberg analyst said 11 countries are now involved, underscoring how quickly the conflict has spread beyond Iran and Israel.
- Bloomberg’s John Tucker said Brent crude jumped more than 8% to about $72 a barrel, while US stock futures fell 1%.
- Bloomberg’s Danny Lee said thousands of flights a day are being cancelled through Dubai, Abu Dhabi and Doha because regional airspace is closed.
- An analyst said Iran’s succession process is already kicking in, with a transitional council and an 88-cleric body expected to choose the next supreme leader.
Notable quotes
“President Trump says the bombing campaign against Iran could last for weeks. He's calling on the Islamic Republic's remaining leaders to give up”
“There are now 11 countries involved in uh the Iran war”
“Brent crude, this is the international benchmark now up over 8%, about $72 a barrel”
“We're looking at around thousands of flights a day being cancelled in and out of some of these key transit hubs”
“the procedure is just kicking into place now. There's a transitional council composed of three members”
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, it is riskoff across markets with a third day of attacks underway across the Middle East. Blasts have been heard this morning in Bahrain, Kuwait, the United Arab Emirates, and Qatar as Iran targets US interests in the region. President Trump says the bombing campaign against Iran could last for weeks.
He's calling on the Islamic Republic's remaining leaders to give up. I once again urge the Revolutionary Guard, the Iranian military police to lay down your arms and receive full immunity or face certain death. It will be certain death.
Won't be pretty. President Trump spoke in a new social media post late yesterday. The president told the New York Times he's willing to drop sanctions on Iran if its new leader is pragmatic, but in an interview with ABC News, he said his favored choices after the death of Iran's Supreme Leader have all died in the attacks.
Iran's security chief says Thrron won't negotiate with the US. And this morning, Kuwait's army said a number of US fighter jets had crashed, but all crew members survived. Iran's semi-official FARS news agency says 555 people have been killed in US and Israeli attacks.
Well, later this morning, Nathan, the Pentagon plans to hold a news conference on the operation against Iran, and that's set for 8 a.m. Wall Street time. The White House says Congress will receive a full briefing tomorrow from the Pentagon, State Department, and CIA.
Republican Congressman Michael McCall says Iran faces an extraordinary opportunity. Since 1979, there's been a dark veil that descended across the Middle East, and that shroud has now been lifted, and the people of Iran now have a chance for freedom and a chance to take back their country.
From the episode’s captions: roughly the first two minutes, lightly cleaned. Keep watching on YouTube →
Topics
- iran nuclear talks
- trump iran strikes
- strait of hormuz oil surge
- gulf cooperation council response
- gulf states iran escalation
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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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