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Well, John, the apparent stabilization in the energy and equity Marcus. This morning comes as the US and Israel reassure world leaders and investors they will no longer target energy infrastructure in Iran. Oil and gas prices have surged this week following strikes from both sides. As heard right here on Bloomberg Radio, President Trump said he told Israeli Prime Minister Benjamin Att and Yahoo to stop attacking Iranian oil and gas fields.
I told him, don't do that, and he won't do that. We didn't discuss, you know, we do. We're independent. We get along great, it's coordinated. But on occasion he'll do something and if I don't like it, and so we're not doing that anymore.
And President Trump also told the reporters he is not putting troops anywhere. If I were, I certainly wouldn't tell you.
It is really Prime Minister Bevinia Benetna, who said his country would no longer target energy infrastructure after its attack on an Iranian gas field that sparked retaliatory strikes.
Israel acted alone against the SLOWEA gas compound. Fact number two.
President Trump asked us to hold off on future attacks, and we're holding out.
Benjaminetna, whose comments came after Israeli officials previously said they had to inform the US about the attack.
Still John Oil heading for another weekly gain as the war in the Middle East drags on. The straight up Horor Moves is on but closed, and analysts warned that the crisis may deepen. Well Kennedy covers the oil markets for Bloomberg.
Ivon has throughout this conflict and continues to strike energy infrastructure. It has from the beginning hit refineries throughout the region, and we saw enough strike this morning on a Qight refinery. So there hasn't been a stop to this strikes on energy infrastructure in the region. But as long as holl Moves is closed, the energy problems will remain. The main fundamental driver of energy markets right now is a straight up Hoar Moos, which is normally responsible for twenty percent
of the world's energy flows, is effectively shut. We're probably losing about half of that ten million dollars a day roughly. That's unsustainable and less places go much much much higher, and.
As blimbers will Kennedy and other energy markets, European natural gas futures surge to almost double their pre war level. Fuel prices also climbed, with central bankers warning that the conflict carries the risks of tighter monetary policy.
And care in.
Tensions between the UNS and Japan over the around world remained evident as President Trump hosted the Prime Minister Sunday tuki Ichi at the White House. Your President Trump's response when a reporter has them why the US hadn't inform Japan and European allies in advance of his striking Iran One thing.
You don't want to signal too much. You know, when we go in, we went in very hard, and we didn't tell anybody about it because we wanted surprise. Who knows better about surprise than Japan?
Okay?
Why didn't you tell me about Pearl Harbor? Okay?
Japanese Prime Minister's Sonatakichi's slight smile appeared to drop. She raised her eyebrows. However, President Trump and the Prime Minister otherwise exchanged warm words during their White House meeting, including him calling her a popular, powerful, woman well.
John the Director of National Intelligence. Telsey Gabbard acknowledge to lawmakers at the US and Israel have different goals for their joint military campaign in Iran, and Bloomberg's Amy Morris has more from Washington.
Gabard says the Trump administration's goals are centered on degrading Iran's military, but Israel's aim is to remove Iran's leadership.
We can see through the operations that the Israeli government has been focused on disabling the Iranian leadership and taking out several members, obviously beginning with the Ayatola and the Supreme Leader.
The conflict has led to Iranian retaliation against several Gulf countries and strained US ties with allies in Europe. Gabbard says she does not know if Israel supports President Trump's desire for a deal with Iran. She was on Capitol Hill for a House Committee hearing on Global threats in Washington. Amy Moore as Bloomberg Radio.
And in other news this morning. The Justice Department has sent a subpoena to former FBI and director James call Mey. This is part of an investigation into whether former law enforcement and intelligence officials waged a conspiracy against President Trump. The subpoena seeks information about Comby's role in putting together an intelligence assessment about rudj's interference in the twenty sixteen presidential election.
John, let's turn to the Marcus, where stocks are on track for a third straight week of losses and it could be another volatile session as we close out the trading week. It is triple Witching day on Wall Street. Bloomberg's Tom Busby has more on what to look for.
Wall Street bracing for what could it be an unusually volatile day because of a large number of stock index and ETF options expiring today roughly five point seven trillion dollars worth now this triple which in comes at a troubling time for the markets, with the war and Iran about to enter its fourth week, oil prices at multi year highs, and a lot of traders now lowering their bets for any interest rate cuts from the Fed this year in order to keep an expected jump in inflation
somewhat in check. Tom Busby, Bloomberg Radio.
Thanks Tom, and in company who shares Fedax. They're up more than ten percent in early trading, but raising their full year profit forecast. FedEx says it does not expect the war in the Middle East to have a direct material impact on its business.
Well in the US says charged a super Microcomputer co founder with sending AI technology to Asia. John Prosecutor's charge Yi Shwan wally Leau in a scheme to send US assembled servers containing in videos cutting edge chips to China and violation of UX export controls. The indictment marks the big is chip smuggling case prosecutors have pursued since first restricting in video shipments to China. On twenty twenty two, shares of super microw aer down twenty two percent in early trading.
And Open Ai developing a desktop application to bring together its popular chat GPT, chat pot coding tool and web browser. That's an effort to keep users engaged in the face of fierce competition for rivals like Anthropic. It's unclear when the application.
Is going to launch, and we have a programming note. John markets make Clowse on Fridays, but the world does not. And that's why we're bringing you a new live radio and TV show, Bloomberg this weekend is looking beyond the daily headlines. So the bigger themes driving politics, business and culture. Joined David Gera, Christina Raffini, and Lisa Matteo for smart conversations and in depth interviews that help make sense of
the week that's been and what comes next. Get Bloomberg This Weekend Live Saturdays and Sundays from seven am Eastern on Bloomberg Radio, TV and the Bloomberg Business App.
It's five Wait on Wall Street time for look at some of the other stories making news in New York and around the world. And for that we're joined by Bloomberg's Michael Barr. Thank you very much, John. The TSA callout raid has grown. It's nearly forty percent at Hartsfield Jackson Atlanta International Airport. Agents haven't been paid due to the February twenty seventh partial government shutdown over immigration reforms. Because of the call out, security waight times are growing
for travelers. Ricky Smith is the general manager of Hartsfield Atlanta. He suggests passengers arrive at least three hours before a flight's departure time.
The lines are steady, they moving because TSA work is a continue to provide professionalism that we expect them to. So the lines are moving and passengers are getting to their flights. It's just taking a little more time for them to get to the security check once.
Meanwhile, the Senate has unanimously passed a bill that ends a congressional perk which allows federal lawmakers to skip the TSA secure line at the airport at least until the homeland security shut down ends. The measure was introduced by Senator John Cornyt.
Maybe, just maybe, if Congress has to live under the same laws that everybody else does, it will motivate us to get our.
Work done, Republican Senator John Cornyn. The bill now goes to the House. We're learning two planes nearly collided as they were landing at Newark Airport in New Jersey. The incident happened Tuesday night. Flight radar shows and Alaska Airlines seven point thirty seven was told by air traffic controllers to go around just as it was about to land because a FedEx Triple seven cargo plane was approaching on
an intersecting runway. The pilots pushed the engines, they went back up, and they cleared the FedEx's plane by just three hundred feet. The FAA is investigating. Spanish authorities say they have found the body of missing University of Alabama college student James Jimmy Gracie from Illinois, who was missing for more than two days. The body of the twenty year old was found last evening in the waters off of Barcelona Beach, near where he was last seen outside
a nightclub with his friend's early Tuesday. While on spring Break Global News twenty four hours a day and whenever you wanted with Bloomberg News Now, I'm Michael Varr, and this is Bloomberg.
Thanks Michael.
Time now for our Bloomberg scores update, and for that we bring in Dan Schwartzman.
March Madness field was sixty four got underway with top seed Duke Havin to comeback from an eleven point halftime deficit to beat Sienna. That were some major upsets to twelve seed high points done Wisconsin. Eleven seed Vcu erased a nineteen points second half deficit to knockoff North Carolina in overtime, while eleven seeded Texas got past BYU. The Lakers remained red hot as La knocked off the Heat one thirty four to one to twenty six behind sixty
points from Luka Doncic. Elsewhere, the Spurs slip past the Sun's one to one to one hundred, while the Magic lost to the Hornets one thirty to one eleven. Close to ten point eight million viewers tuned in to watch Venezuela's thrilling three to two win over the United States in the final of the World Baseball Classic. That's almost twice a number of viewers who watched the US spat Japan in twenty twenty three. That's your Bloomberg Sports Update.
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We are nearing the end of the third week of the war with Iran. Israel Is saying it will no longer target energy infrastructure after an attack on an Iranian gas field spark retaliatory strikes against energy assets across the Middle East, and that caused oil and gas prices to surge, and it prompted a rebuke from President Trump. We want to get the very latest at Bloomberg's Dumana Bversecchi in
Dubai Jumana, Good morning. What we did hear that Israel in the US may be refraining from attacks on energy infrastructure going forward, but it really doesn't mean Iran is what's the latest on the fighting.
Yeah, that's right, And to your point, I think there was an attempt to at least de escalate one part of the war yesterday, which is specifically the Israeli attacks on those gas fields in Iran, which was deemed to be a red line, and President Cheoump visibly trying to put a distance between himself and the military action that Israel conducted, and actually was interesting to hear from Israeli Prime Minister last night and he said that they did act solo and upon the US's request, they are not
going to be targeting energy infrastructure anymore. Now that's not to say that strikes on infrastructure is still not taking place as we understand. There was a heavy wave of air strikes over central Tehran overnight as well, but in retaliation, I mean, Iran keep going and they keep lashing out at Gulf allies. Overnight, more rounds of attempted attacks on some key refineries in the region, another refinery in Kuwait
this morning announcing that it is halting production. This is the second day in a road that it's been targeted. They've also launched projectiles towards Saudi Arabia once again towards their eastern oil fields, the northern part of Saudi Arabia. Even yesterday an attempt on that Yanbu port on the Red Seas, so not even on the Persian Gulf. So
the strikes on energy continue. But I think one thing that has become apparent from the US and is really perspective is the strikes on the Iran gas field are I mean the plan it's for that not to be repeated again out of the fear of how Iran could respond specifically on some of those Gulf allies energy infrastructure.
And as you discussed all the finding that's still going on. We did hear Benjaminett. Yeaho's sounding more optimistic that the war could be over soon, but it really doesn't sound like there's any sign of that.
No, absolutely not. And to what I was saying yesterday,
the military operations have continued overnight. A massive wave of air strikes is what the ADF IDF have been describing, and I think you know from their perspective, it's still very clear that the key military objectives has still not been achieved, even though so far they're happy with the progress that has been made, and we're perhaps getting a little bit more color on what those military objectives actually are in terms of degrading Iran's military capabilities, degrading their
nuclear capabilities, the radication of their naval force, or complete demolition of their naval forces is the term that US
President Trump has used. But then, interesting enough, overnight we had some comments as well from Telsey Gobbert, the US National Security Chief, and she was saying that there is a bit of a divergence between the US's objectives and Israel's objectives in that Israel perhaps have one step further, which is that maybe one of their explicit objectives is to see a change in leadership rights For the US. It's mainly focused on the degradation of military power.
And as the fighting spreads as well, are we also getting closer where we could see other nations coming in, And if other nations come in, could that mean more objectives come in as well and possibly change what we're looking at here.
I think you have to think of that through the framework of one what the US administration is trying to do to reopen the strait, because as long as the Strait of Homers remains closed, you're going to continue to see this upward pressure on oil prices, on energy prices, on gas prices, as we've been talking about the last couple of weeks, and so far, countries around the world have been very noncommittal in terms of willing to sign up to those maritime missions because they don't want to
get involved in the war. But then the other way to think about it as well is yesterday's actions and the strike on Katar on Restafan facility was so significant that we are seeing a shift and tone out of some of these Gulf nations. And I will say that it was really interesting to hear from the Saudi Foreign Affairs Minister the night of those attats. He said that Saudi Arabia's patients is not unlimited and they reserve the rights to respond either politically or non politically.
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