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US President Donald Trump and Chinese leader Xi Jinping capped a state visit on Friday with pomp and pageantry but no breakthroughs. After the two-day meeting, Trump said he discussed the Iran war with Xi, and the two leaders confirmed that they will meet two more times before the end of the year.
Saudi Arabia’s crude shipments in September jumped to the highest level since the start of the Iran war, after the kingdom quickly ramped up exports via the Strait of Hormuz following an attack on its key bypass pipeline.
Amos Hochstein, managing partner at TWG Global and former energy advisor to President Joe Biden, proposes an alternative to a US diesel export ban and says the war in Iran will remain a “core problem” for fuel prices. (Source: Bloomberg)
France convenes a UN Security Council meeting Wednesday on artificial intelligence (AI) and international security, which includes briefings by leading industry figures, including the heads of OpenAI and Anthropic. It comes as world leaders jostle over how to address the risks of the new technology. On the second day of the UN General Assembly, the Iran war is also set to dominate the agenda.
Paul Bratby had already drawn up plans for expanding to Hong Kong when war broke out in the Middle East earlier this year. But the founder of xBratAI, a Dubai-based AI-powered trading signals platform, soon brought that timeline forward as the Iran conflict dragged on and widened in scope. “Our Hong Kong entity had been scheduled for a few years later, but we established it in early 2026,” he said. Bratby is not alone in looking east. As missiles continue to target Gulf capitals and shipping...
Trump returns to UNGA amid Iran war he started, Israeli violations of a Gaza ceasefire, and scrutiny of US aims.
The Trump administration has proposed a $5 billion fund to help rebuild critical infrastructure across the Middle East damaged in the war with Iran even though the seven-month conflict continues.
Republican support for Trump dips to 73 percent, down from 82 percent, as war and inflation concerns dominate polls.
Oil prices dropped to their lowest in 11 days on Monday, as investors hoped to see diplomatic progress on the Iran war with the UN meeting this week, as well as a partial recovery from shipments in Saudi Arabia.
World leaders head to the UN General Assembly as Gulf states seek renewed diplomacy to reduce attacks, restore more predictable energy flows and move the Iran war away from active conflict. Suzanne Maloney of the Brookings Institution joins David Gura and Christina Ruffini on Bloomberg This Weekend and says disruptions to Saudi Arabia’s East-West pipeline and other regional infrastructure are adding urgency to those efforts as Gulf economies face mounting pressure from the conflict. (Source: Bloomberg)
Thousands take to the streets in support of Houthis in Sanaa, Trump extends sanctions on Iran.
South Korean President Lee Jae Myung has drawn a clear line against any US request for Seoul to join the war against Iran, explicitly ruling out the dispatch of troops or military assets that could involve his country in the conflict. The stance comes amid mounting public opposition to any military deployment and growing pressure from Washington for Seoul to contribute to efforts to secure freedom of navigation through the Strait of Hormuz. Lee’s government faces the difficult task of balancing...
High energy costs at the pump and strategic setback for US in the Iran war will likely cost Trump in the midterms.
People in the single-currency Eurozone have been invited to vote on the designs of upcoming euro bank bills. Proposed designs include historic figures like Marie Curie and Leonardo da Vinci, as well as a vertical format. They are expected to enter circulation around 2030. But first, as higher fuel prices stemming from the Iran war hurt consumers, fishermen in southern France scuffled with police as they tried to blockade an oil depot.
Industrial action was expected to reduce French electricity supply by up to 5 gigawatts on Tuesday as energy sector unions stage a 24-hour strike in protest over calls to curb employee benefits such as access to cheaper power.
A US government watchdog released its first report on Monday on the impact of the Iran war, acknowledging the military’s advanced weapons shortfalls and offering the first public look at the damage to American aircraft, bases and diplomatic outposts in the Middle East. Much of the information has been previously reported over the past six months, but the Pentagon inspector general’s report offered the fullest official accounting so far of the conflict’s costs in American lives, taxpayer dollars...
The cost of hiring an oil tanker on the industry’s benchmark trade route topped $1 million a day for the first time, as the Iran war leaves too few ships willing to cross the Strait of Hormuz to collect cargoes.
The International Energy Agency cut its forecast for oil demand and said consumption may have to decline further in the coming months as the Iran war drags on and consumers are forced to adjust to lower supply. IEA oil industry and markets head Toril Bosoni discusses the forecast on Bloomberg Television. (Source: Bloomberg)
The International Energy Agency cut its forecast for oil demand and said consumption may have to decline further in the coming months as the Iran war drags on and consumers are forced to adjust to lower supply.
The European Central Bank increased interest rates for the second time since the Iran war started, responding to signs inflation is set to stay well above 2%. The deposit rate was lifted by a quarter-point to 2.5%. Bloomberg's Oliver Crook reports from Berlin. (Source: Bloomberg)
Qatar is in discussions to buy liquefied natural gas from US suppliers under long-term agreements as the Iran war has crippled its ability to supply its own customers, according to people familiar with the matter.
China’s electric vehicle (EV) adoption rate has hit an all-time high, as the Iran war drives motorists to shift away from petrol cars despite a sluggish automotive market. A record 65.2 per cent of the 1.54 million cars sold in mainland China last month were either pure electric or plug-in hybrid vehicles, data from the China Passenger Car Association (CPCA) showed. The figure broke the previous record of 65.1 per cent set a month earlier. “Consumers are convinced of EVs’ advantages now that...
China’s factory-gate price growth accelerated in August, while consumer inflation picked up again, amid volatile energy and commodity costs linked to the US-Israel war on Iran. The producer price index rose 3.8 per cent year on year last month, up from 3.5 per cent in July, according to data released by the National Bureau of Statistics (NBS) on Wednesday. The reading beat a 3.6 per cent projection from economists polled by financial data provider Wind. Meanwhile, the national consumer price...
Sapporo Breweries is shifting some production to the US from Canada due to 50% tariffs imposed on beer exports from the country, Chief Strategy Officer Rieko Shofu said. She spoke exclusively with Bloomberg's Shery Ahn on being impacted by tariffs, as well as the Iran war. (Source: Bloomberg)
Traffic through the Strait of Hormuz is nearing a standstill amid the Iran war. Now, Tehran says it’s finalizing a deal with Oman for a temporary, safe route through the strategic waterway.
Hedge funds turned the most bullish on Brent crude since May as a fresh spate of fighting between the US and Iran heightened concerns about prolonged disruptions to energy flows through the Strait of Hormuz.
US President Donald Trump called the Iran war small potatoes, saying only 18 Americans had been killed.