United Statesmideast

Iran "should" provide a response on Friday to the US proposal to end the war, Secretary of State Marco Rubio says. He spoke to reporters in Rome after meeting with Italian Prime Minister Giorgia Meloni.

The US and Iran clashed overnight near the Strait of Hormuz and the Iranian army seized an oil tanker carrying a cargo of the Islamic Republic's oil. Iran's Ministry of Foreign Affairs released a statement Friday saying US action is accompanied by contradictory statements and misleading propaganda by senior officials. Tyler Kendall reports on Bloomberg Television.

The US and Iran are circling around a fresh proposal to end the war, as President Donald Trump searches for an exit from the Middle East conflict. Bloomberg's Joumanna Bercetche has the details.

Iran is evaluating a new US proposal to end their war, with a response from Tehran expected via mediator Pakistan in the next two days. US President Donald Trump posted on social media on Wednesday, "If they don't agree, the bombing starts." Tyler Kendall reports on Bloomberg Television.

Stephen Schork, principal and editor at The Schork Group, explains how a potential deal to end the Iran war can impact the global oil market and why US gasoline prices are unlikely to reach $5 a gallon.

Jorge Leon, senior VP and head of geopolitical analysis at Rystad Energy, says demand destruction has begun in the global oil market due to the Iran war and looks at the potential for additional supplies coming to the market if prices remain at elevated levels.

The US and Iran exchanged fire in the Persian Gulf in a flareup of violence on Monday that also drew in the United Arab Emirates. Bloomberg's Joumanna Bercetche reports.

Man Group CEO Robyn Grew discusses the market impacts of the Iran War in both the US and Europe, and why we are beginning to see a shift toward diverse and resilient portfolios. She speaks with Katie Greifeld and Romaine Bostick at the Milken Institute Global Conference in Beverly Hills, California.

Federal Reserve Bank of New York President John Williams said the current stance of the US central bank balances risks to price stability and full employment amid disruptions from the Iran war. Williams spoke Monday at an event in New York City.

Eurasia Group's Ian Bremmer says President Donald Trump doesn't have the ability to reopen the Strait of Hormuz right now. But he does say Iran is desperate. He speaks to Joe Mathieu and Carol Massar at the Milken Global Conference.