Cryptoopinion

Bloomberg Opinion columnist and former president of the Federal Reserve Bank of New York Bill Dudley says Kevin Warsh needs to tune out all the pressure from President Donald Trump. He says Warsh can't vote for an interest rate cut in June unless the war with Iran is over.

Bloomberg Opinion columnist Javier Blas says the war in Iran, and the blockage of the Strait of Hormuz, has prompted warnings about another bout of global food inflation similar to the one that followed Russia's invasion of Ukraine. Despite those fears, the agricultural market isn't at risk today, at least in the short term. Oil prices may be soaring, but the world's plentiful food stocks are helping to keep commodity prices in check. However, if the US doesn't find an off-ramp from the war, rising energy and fertilizer costs could eventually push the farming industry to a breaking point. Speaking to Stephen Carroll on Bloomberg Radio Javier Blas says we're not there yet though.

Bloomberg Opinion columnist, Adrian Wooldridge, discusses his new book 'Centrists of the World Unite! The Lost Genius of Liberalism'. He argues the 250th anniversary of the Declaration of Independence comes at a worrying moment in American history, with fundamental liberal principles under attack from illiberal forces on both the right and the left. The US, argues Wooldridge, should renew its faith in its founding liberal principles to tackle the challenges ahead. He was speaking on Bloomberg's The Pulse with Francine Lacqua.

Iran's new supreme leader, Ayatollah Mojtaba Khamenei, said the Strait of Hormuz should stay closed and new fronts in the war will be opened if the US and Israel continue their attacks. These were the first public statements made by Khamenei since succeeding his father four days ago. Bloomberg Opinion's Marc Champion joins Bloomberg Open Interest with more.

Bloomberg Opinion Columnist Javier Blas says using the East-West oil pipeline that runs across the Arabian Peninsula, and another pipeline owned by the United Arab Emirates, can help get oil to market by avoiding the Strait of Hormuz. He says doing so, could help slow down rising oil and gasoline prices. He speaks on Bloomberg Open Interest.

Anthropic has rejected the Pentagon's latest offer in a dispute over safeguards around the use of its AI technology by the US military. The company continues to insist on two specific restrictions: It doesn't want its technology used for surveillance of US citizens or for autonomous lethal strikes without a human in the loop. Bloomberg Opinion's Parmy Olson breaks down the situation. Her opinions are her own.