Crypto Breaking News

Treasury Secretary Scott Bessent says the US won't intervene in oil markets, but it might release more oil from the Strategic Petroleum Reserve. He also told Fox Business that Iranian oil already on the water could be unsanctioned. Tyler Kendall has more from the White House.

Benedetta Berti, Secretary General of the NATO Parliamentary Assembly, says NATO is learning many lessons from both the conflict in the Middle East and the Russian invasion of Ukraine, including the need to surge production of defence capabilities in a cost-effective way. Berti was speaking on Bloomberg's The Pulse with Francine Lacqua.

Economist Philippe Aghion speaks to Bloomberg's Francine Lacqua in Paris. Aghion says Europe must do more to foster innovation and stop leaning on other parts of the world for technological advancement.

Philippe Aghion, who jointly won the 2025 Nobel Prize for economics, says Europe must do more to foster innovation and stop leaning on other parts of the world for technological advancement. The continent has been a "Sleeping Beauty" over the past 30 or 40 years, the French economist told Bloomberg Television.

Amundi CIO Vincent Mortier says global markets have turned sharply more pessimistic about the length of the Iran conflict and now expect it to keep going for months. "The next coming days will be very key to define what should happen next," Mortier tells Bloomberg Television.

Anna Edwards, Lizzy Burden, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."

Lloyd's of London Chief Executive Officer Patrick Tiernan discusses the implications of the current situation in the Middle East on insurance markets, with focus on the maritime war risks in the Strait of Hormuz. "The insurance market does continue to remain open and is continuing to quote for risks for both static vessels and for vessels who have taken the decision to transit the Strait of Hormuz," Tiernan tells Bloomberg Television.

President Trump has pressed for de-escalation of attacks on energy facilities. Qatar's Ras Laffan Industrial City, which houses the world's largest LNG export plant has suffered extensive damage. It comes after Israel attacked the key gas field South Pars in Iran. On Horizons Middle East and Africa, Senior lecturer from Taylor's University, Malaysia told Joumanna Bercetche that dwindling munition supplies could be a catalyst to ending the conflict.

Christopher Wood, Global Head of Equity Strategy at Jefferies, shares his outlook on global markets and explains why he believes China's onshore stocks are the top assets to own during the Iran war. He appeared on Bloomberg's Insight with Haslinda Amin."

Federal Reserve Chair Jerome Powell made it clear the US central bank won't cut interest rates again until inflation starts cooling again. Speaking at a press conference Wednesday, Powell also said it was still too soon to gauge the effects of a surge in oil prices on the US economy. Bloomberg's Mark Cranfield breaks down the situation.

The war in Iran is strangling fuel shipments through the Strait of Hormuz, leaving many African nations with just weeks of oil left. Lacking their own refineries, these countries are now being outbid by wealthier nations, sparking fears of fuel shortages and price hikes across the continent. Bloomberg's Jennifer Zabasajja spoke to Joumanna Bercetche on Horizons Middle East and Africa.

Iran and Israel have traded strikes on energy infrastructure in the Middle East, with little sign of the conflict abating. Bloomberg's Stuart Livingstone-Wallace and Laura Davison join Joumanna Bercetche to discuss the energy market fallout. (Corrects spelling of reporter's name.)