Bloomberg News and Videos — Page 848

Anna Edwards, Guy Johnson and Paul Dobson break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."

Energy Aspects Global Gas Head Livia Gallarati discusses energy markets amid the fragile ceasefire between the US and Iran. Speaking on Bloomberg Television, she says both oil and gas facilities will take time to ramp up. "Anything new is probably not going to be coming into the Strait [of Hormuz]. Shipowners don't have that risk appetite for now," Gallarati says. Asked whether prices will fall back to pre-war levels, she says: "I wouldn't put my money on that."

UK Prime Minister Keir Starmer traveled to the Gulf to meet with leaders in the region and discuss efforts to support and uphold the ceasefire between the US and Iran. Bloomberg's James Woolcock breaks down the situation.

Oil rebounded after its biggest one-day drop since April 2020, as the Strait of Hormuz remained largely blocked and Israeli attacks on Lebanon threatened to derail the fragile ceasefire between the US and Iran. Bloomberg's Anthony di Paola reports.

Iran and the US agreed to a pause in fighting in exchange for the opening of the strait, but a lack of clarity on what was agreed and continued fighting including Israeli strikes in Lebanon have raised questions about the ceasefire. UWA Defense and Security Institute Adjunct Professor Jennifer Parker breaks down the situation.

Wang Jin, a Chinese scholar specializing in the Middle East, says Beijing is not in a position to influence Iran's decisions or change its behavior, but that it has done it best to support the Middle East peace process. Speaking to Bloomberg's The China Show, he points out that China has maintained extensive communication with multiple parties in the region.

Christina Woon of Eastspring Investments says the current environment "can be quite interesting from an opportunity perspective because you can capitalize on the nearer term volatility to also pick up some gems over the longer term."

The White House has announced the US would hold direct talks with Iran, with Vice President JD Vance leading an American delegation to Islamabad, despite continued fighting in the Middle East.

Levi's CEO Michelle Gass said that both celebrity ad campaigns and organic pop culture moments have contributed to Levi's boosted outlook as the jeans brand collaborated with Beyonce and were featured on the fashion forward FX series 'Love Story.' Gass also discussed supply chain consideration as US-based companies face higher transportation costs and tariffs on manufacturing.

Matthew Luzzetti, Deutsche Bank chief US economist and head of US Economic Research, said that the US economy has revealed to be 'very resilient' in the fact of 'abnormal and historic' shocks over the last year. Luzzetti said that the geopolitical situation points the fed in a more hawkish direction, but it doesn't necessarily overturn a resilient view of the economy.