Crypto Breaking News

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.

Homayoun Falakshahi, head of crude oil analytics at Kpler, discusses the significance of a potential effort to release emergency oil reserves by the world's largest economies. Speaking on Bloomberg Television, he says the key element of the move would be the speed at which the oil is released. "I don't think the market has the ability for this to be gradual," Falakshahi says. He also adds that a potential release of 400 million barrels "won't be enough" if the war lasts more than 45 to 50 days.

US President Donald Trump has predicted the war with Iran would be resolved "very soon", although he said he didn't believe it would be this week. Meanwhile, Iran chose Mojtaba Khamenei, the hardline son of the assassinated Ayatollah Ali Khamenei, as its new supreme leader yesterday with many taking this is as a signal Tehran won't back down in a war raging across the Middle East. Meir Javedanfar, Professor of Iran Politics at Reichman University in Tel Aviv spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche on the war in the region.

Oil slumped to near $90 a barrel after those comments from President Trump that the war will end soon. Aditya Saraswat, Senior Vice President AND Head of MENA Research at Rystad Energy spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche on the oil market's reaction to the regional conflict.

Bloomberg's Colum Murphy reports from Guangzhou, where China's shift toward high-tech automation is leaving traditional factory workers struggling to find jobs.

President Donald Trump has signaled a potential end to the conflict by proposing to waive sanctions and deploy the US Navy to protect tankers. Bloomberg's Laura Davison and Nicholas Lua debate whether these moves can actually stabilize global oil markets.

Direxion, one of the biggest leveraged and inverse ETF providers, says it saw the most inflows last week to its semiconductor and South Korea ETFs. Speaking on Bloomberg's The China Show, CEO Douglas Yones says that "buying the dip" has worked out well for investors over the past two years.

John Pearson, CEO at DHL Express, discusses the company's business strategy amid the rising geopolitical tensions and jet fuel prices. He speaks with Avril Hong and Haidi Stroud-Watts on Bloomberg: The Asia Trade.

Australia has granted humanitarian visas to five Iranian female football players who sought asylum, citing fears for their safety after the team declined to sing the national anthem during a match last week. Craig Foster, human rights advocate and former captain of Australia's Socceroos, says FIFA and the Asian Football Confederation should have acted sooner to protect the athletes. Foster spoke to Bloomberg's Haidi Stroud-Watts on 'Bloomberg: The Asia Trade'.

UBS' Adrian Zuercher says the global macroeconomic impact of the Middle East crisis is "very small" but the "transmission is through high energy prices."