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Defense Secretary Pete Hegseth says the US is conducting its most intense day of attacks against Iran, as President Donald Trump says the war could send soon. Tyler Kendall reports from Washington.

Volkswagen released their 2025 earnings on Tuesday, where it announced the company would target more cost reductions to protect profitability under pressure from competition, tariffs, electric vehicle development costs, and the War in Iran. Bloomberg TV's Oliver Crook reports from Wolfsburg, Germany.

The Chairman of the Joint Chiefs of Staff, Air Force General Dan Caine, says US forces have struck more than 5,000 targets in Iran to date and have destroyed more than 50 Iranian ships. General Caine gives an update on Operation Epic Fury in a press conference Tuesday at the Pentagon.

US Defense Secretary Pete Hegseth gives an update on Operation Epic Fury in a press conference Tuesday at the Pentagon.

Former Israeli Prime Minister Naftali Bennett has told Bloomberg that the objective of the Iran war is to neutralize Iran's nuclear and ballistic missile capabilities by, metaphorically, cutting off the "head of the octopus," which is the Iranian regime. Speaking to Joumanna Bercetche on "Bloomberg Brief," Bennett said this will take "as long as is necessary."

Former Israeli Prime Minister Naftali Bennett has told Bloomberg that the objective of the Iran war is to neutralize Iran's nuclear and ballistic missile capabilities by, metaphorically, cutting off the "head of the octopus," which is the Iranian regime. Speaking to Joumanna Bercetche on "Bloomberg Brief," Bennett said this will take "as long as is necessary."

Stephen Schork, principal and editor at The Schork Group, discusses the amount of oil lost on the global market so far from what he calls an "effective blockade" of the Strait of Hormuz.

"Uncertainty does not automatically mean risk off," says Wei Li, chief global investment strategist at BlackRock, as she examines market reaction to the Iran War.

Paul Markham, investment director and global equities head at GAM Investments, discusses the relief rally in US stocks and bonds is extending for a second session after fears of a protracted US-Israeli war against Iran triggered seismic moves in oil markets. "The idea that this will be a sustained rally from here, for me is quite difficult to believe," Markham tells Bloomberg Television.

US President Donald Trump has predicted the war with Iran would resolve 'very soon.' Trump says he would waive oil-related sanctions and have the US Navy escort tankers through the Strait of Hormuz. Stuart Livingstone-Wallace, Bloomberg's Executive Editor for Middle East, North Africa and Russia, and Sam Dagher, Bloomberg's Senior Middle East Reporter have the latest.

Volkswagen CFO Arno Antlitz comments on earnings, cost savings and the outlook for growth in China. He speaks to Bloomberg's Oliver Crook after the firm, Europe's largest automaker, forecast an operating return in a range of 4% to 5.5% this year as higher raw material costs, intense competition and geopolitical tensions combine for a challenging outlook.

Oil tumbled after US President Donald Trump sought to calm markets by saying the Iran war will end soon. Brent and West Texas Intermediate both tumbled more than 10% before clawing back some losses, following a dramatic session on Monday that saw extreme price swings. Bloomberg's Stephen Stapczynski reports.