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South Korea will use extra tax revenue to fund a supplementary budget to cushion households and businesses from surging oil prices triggered by the Iran war, according to the nation's finance minister. "The government's top priority right now is responding to the Middle East situation in the short term, while reducing Korea's structural dependence on oil over the medium to long term," Koo Yun Cheol told Bloomberg's Shery Ahn in Tokyo.

The oil market has been roiled by the Iran war, with prices swinging wildly. For regions most dependent on Gulf exports, the strain is already apparent, with wider, global implications on the horizon.

Goodwill is more than a thrift store. CEO Steven Preston joined Bloomberg Open Interest to explain how the nonprofit is tackling America's labor shortage by training workers for better-paying jobs,  while also addressing a growing AI skills gap. As inflation drives more shoppers to thrift, store revenue is up nearly 50% since pre-Covid, helping fund hundreds of millions in local workforce programs.

US consumers are barely opening their wallets, just a tenth of a percent spending bump in January. Gas prices are climbing. Inflation is heating up again. Household budgets are under pressure. And that's shifting where Americans shop. Burlington is betting off-price wins in this environment. The company just posted a strong quarter and says it's ready to capture the demand. Michael O'Sullivan, CEO of Burlington Stores joined Bloomberg Open Interest to talk about the environment and what's next for consumers.

Classic cars aren't just collectibles anymore,  they're becoming a serious asset class. Eden Cooper, Founder of Drift Capital, breaks down how his fund invests in the world's rarest cars, from a $5 million Ferrari F40 to a record-setting Porsche Carrera GT. As younger collectors drive demand for 90s and 2000s analog supercars, returns are topping 30%, reshaping the alternative investment landscape.

Russia is providing Iran with different forms of intelligence as it strikes back against the US, Israel and Gulf allies according to Bloomberg sources. This as the Trump administration is taking different steps to try and keep the price of oil down. Bloomberg's Julian Lee reports.

Wall Street is digesting a raft of economic data that could bolster the case for a Federal Reserve rate cut in 2026. The FOMC meets next week. Bloomberg's Michael McKee reports on consumer spending and US GDP growth.

The preliminary March University of Michigan consumer sentiment index fell to 55.5, reflecting growing consumer concerns amid the onset of conflict in Iran. University of Michigan Surveys of Consumers Director Joanne Hsu explains that a significant factor in the decline was a drop in expected personal finances. She speaks on "Bloomberg Open Interest."

The US says expect another day of intense strike on Iran as the Trump administration comes under more pressure with oil prices hovering near $100 a barrel. Bloomberg's Annmarie Hordern has the latest.

"The companies do not have an interest right now, nor is there enough money for insurance to transit those ships through the Strait," says Port of Los Angeles Executive Director Gene Seroka as he discusses shipping disruptions related to the Iran War and the Strait of Hormuz.