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Bloomberg

'No Signal For Resolution' As US Mulls Iran Military Options

Brent oil rallied to a four-year high after Axios reported that US President Donald Trump will receive a briefing on new military options for action in Iran, signaling the potential for fresh escalation in the Middle East. The global benchmark surged as much as 7.1% before paring gains to trade near $122. Warren Patterson, Head of Commodities Strategy at ING Joined Stephen Carroll and Caroline Hepker on Bloomberg Radio To discuss. He says the market is losing confidence in a swift resolution and is increasingly pricing in a prolonged disruption to oil flows through the Strait of Hormuz.

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Bloomberg

Trump's Social Message Blitz Hurts Iran Talks Say Officials

The prospect of Iran agreeing to more in-person peace talks with the US is being hindered by President Donald Trump's threats and brash social media posts, according to several officials with knowledge of the diplomatic efforts to end their war. Trump's Truth Social posts as well as his decision to continue with a naval blockade of Iranian ports have been detrimental to ongoing negotiations through mediators such as Pakistan, according to two US officials familiar with the matter. Our EMEA News Director Will Kennedy joins Stephen Carroll and Caroline Hepker to discuss.

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Bloomberg

Business Costs Surging Amid Iran War, Says JPMorgan Strategist

Business activity in the euro area unexpectedly shrank for the first time since late 2024 due to a steep drop in the services sector as the Iran war weighs on consumers. The Composite PMI compiled by S&P Global declined to 48.6 in April from 50.7 the previous month, dropping below the 50 threshold separating growth from contraction. In the UK PMI data showed that the private sector quickly bounced back from a slowdown caused by the Iran war as firms rushing to secure supplies and price pressures mounting. Hugh Gimber, Global Market Strategist, JP Morgan joined Stephen Carroll on Bloomberg Radio to discuss. he says business costs are 'rising sharply.'

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