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Hank Paulson on Iran War, Inflation, and Market Risk

The war in Iran is putting pressure on global energy markets, but its broader economic impact could be even farther-reaching. Former US Treasury Secretary Hank Paulson says the conflict is likely to push inflation higher, keep interest rates elevated, and strain industries from airlines to agriculture. At the same time, Paulson highlights rising sovereign debt and a fragile US-China relationship as key vulnerabilities, arguing that while the US economy remains resilient, the longer-term risks are mounting.

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Bloomberg

Iran Says Strait of Hormuz is Shut Amid Reports of Gunfire

Iran broadcast to ships in the Strait of Hormuz that the vital oil and gas channel is closed to maritime traffic again, with owners reporting gunfire in the waterway less than 24 hours after the nation's foreign minister declared it open. Bloomberg News White House Correspondent Jeff Mason, Jerusalem Reporter Dan Williams and The Associated Press' International Correspondent Philip Crowther join David Gura and Christina Ruffini on Bloomberg This Weekend to discuss.

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Bloomberg

Pakistan's Army Chief Takes Spotlight in US-Iran Peace Talks

Pakistan has emerged as the unlikely facilitator of US-Iran peace negotiations, and with the prospect of additional talks looming, the man at the center of those efforts is the country's army chief. Field Marshal Asim Munir, who has positioned himself as the most powerful man in Pakistan, is the favored interlocutor between Washington and Tehran as the warring nations weigh whether to extend their two-week ceasefire due to expire next week.  Mishal Husain, Host of the 'The Mishal Husain Show' joins to discuss.

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Bloomberg

Wall Street Extends April Surge As The Strait of Hormuz Reopens

Speculation the Iran war is poised to end sent risky assets surging anew, extending a month-long rally that's lifted the S&P 500 Index to a succession of records, added around $12,000 to the price of Bitcoin and pushed up credit and gold. Olaolu Aganga, Citi Wealth Head of Portfolio Construction and Analytics joins Bloomberg Businessweek Daily to discuss.

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Bloomberg

Trump Says Iran Will Suspend Nuclear Program as Hormuz Reopens

President Donald Trump said Iran has agreed to suspend its nuclear program indefinitely, fueling optimism that a deal to end their war is in reach after Tehran announced the Strait of Hormuz was open again. In a Friday phone interview, Trump asserted that any moratorium on Iran's nuclear activities would not expire, saying it would be "unlimited." Talks over a lasting agreement will "probably" be held this weekend, the president said. Spencer Faragasso, Institute for Science and International Security Senior Fellow joined Bloomberg Businessweek Daily to discuss.

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