Iran Hits UAE Gas Field; Trump Delays China Summit

Bloomberg Audio Studios, podcasts, radio news.
Good morning, I'm Karen Moscow and I'm John Tucker.
Here are these stories we're following.
Today, Well John, The rise of oil comes as around
steps up attacks on energy infrastructure across the Middle East.
Operations were suspended at the Shawn Natural gas field in
the United Arab Emirates after a drone strike. Well An
Iraqi oil field and Kiya Amaradi Port were also targeted
by Iranian drones and missiles. Begin more with Bloomberg and
Middle East Managing editor Owner Aunt.
The single most important thing about this attack is that
it was the first time Iran successfully attacked an upstream
asset in the UI. An upstream asset is an energy
facility that produces oil or gas. That's why yesterday's well
this morning's attack won The Shock gas field near Abudabi's
border with Sauda area was especially important, and it is
the second significant attack targeting a gas facility in the
Middle East.
And Bloomer's owner As says, these strikes further half or
the outlook for global energy supplies as the war enters.
It's third week and.
Karen oil has risen more than forty percent since the
war began, but it has been a near complete halt
of shipping through the Strait of Hormuz. As heard right
here on Bloomberg Radio, President Trump reiterated his appeals for
help from other nations to secure the Strait.
We strongly encourage other nations whose economies depend on the
strait far more than ours. You know, we get less
than one percent of our oil from the Strait, and
some countries get much more. Japan gets ninety five percent,
China gets ninety percent, many of the Europeans get quite
quite a bit. South Korea gets thirty five percent. So
we want them to come and help us with the Strait.
And during that same news Coprince, President Trump said, in
a private conversation, a former president expressed regret about not
attacking Iran.
Thirty seven years.
No president was willing to do what I'm doing, and
they should have done it a long time ago. It
would have been a lot easier. There's no president that
wanted to do it, and yet every president knew. I've
spoken to a certain president who I like, actually a
past president, former president.
He said, I wish I did it. I wish I did,
but they didn't do it. I'm doing it.
President Trump declined to name the president. The Associated Press
is reporting representatives for the four living former presidents, three
Democrats and one Republican, said none have been in touch
with President Trump recently.
President Trump is delaying his summit with the Chinese president
Hushing Ping. It was scheduled for it later this month.
Heather Colmley is a former Deputy Assistant Secretary of State
for the Bureau of European at Eurasian Affairs and the
George Bush administration.
This is a big decision, but certainly the President has
been looking forward to the visit to Beijing, the policy
preparation that's gone into place. But I think the White
House completely understood that the optics would be terrible as
a war is raging, American servicemen and women are in
harm's way while he is being fedted in Beijing. So
I think this is a really big deal that it's
been postponed. But again, I think it's correct. The President
needs to stay laser focused on a conflict that's spreading.
By the day.
Healor Conley, a non resident Senior Fellow of the American
Enterprise Institute, speaking with Bloomberg Balance of Power. President Trump's
visit to China will be the first buy a US
leader in nearly a decade.
Well John. President Trump says he wants to finish the
war in Iran before turning his attention to a Cuba
of The New York Times reports the US has told
Cuba that for a meaningful progress to be made in negotiations,
the country's president, Miguel ds Canelmas, stepped down. President Trump
told reporters yesterday that America will take control of the
country in some form soon.
Taking Cuba a big, good honor. That's a big honor.
Taking Cube, Taking Cube in some form.
Yeah, taking Guber.
I mean whether I free it, take it. I think
I could do anything I.
Want with it.
You want another A.
Very weekend nation right now.
They were for a long time.
And the president spoke as Cuban officials said they would
begin allowing more investment from Cubans living abroad as part
of a broader effort to bolster the state dominated economy.
And on the backdrop of the war in the Middle East.
Federal Reserve officials they start their two day policy meeting today.
Let's get a preview from Bloomberg's Charlie Pellett.
The meeting comes amid rising oil prices and how that
will affect the Fed's inflation outlook. Eric Rosengren is the
former president of the Federal Reserve Bank of Boston.
I would highlight that even before the war, the committee
was quite divided, so there was a significant subset of
individuals that were very concerned about inflation and a somewhat
smaller subset that we're worried about the fragility of the
labor market.
Federal Reserve policy makers are widely expected to hold interest
rates steady while also putting out new forecasts for their
outlook for inflation and growth. In New York, Charlie Pellet
Bloomberg Radio.
All right, Charlie, thank you well. Futures they are lower
this morning ahead of the Fed's two day meeting, and
it comes a day after the S and P five
hundred posted its best day since February. The Indix snapped
a four day losing streak in rows one percent, and.
In company news in video predicting that its flagship AI
processors will help generate one trillion dollars in sales through
twenty twenty seven. The CEO of Jensen Wogg made the
forecast during his speech at the company's annual product event.
And in Vidia, as you know today, we're the only
platform in the world today that runs every single domain
of AI across every single one of these AI models
in language and biology, and computer grows, computer vision and speech,
and videos. Architecture is fungible for all of that, and
we're incredible for.
All of that.
In Vidios, Jensen Wong also announced plans to push deeper
into center processing units and introduced new semiconductors. Shares of Nvidia,
which was one point seven percent yesterday on the announcement,
A little change in pre market trading.
And Johnny have this programming note markets make those on Friday,
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 to the bigger themes
driving politics, business and culture. Joining 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. Yeah, Bloomberg This Weekend Live Saturdays and
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And that brings us to five Elate on Wall Street
time for look at some of the other stories making
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that we're joined by Bloomberg's Michael Barr.
Thank you very much, John. Extreme weather stretching from New
York to Texas has been causing traveled troubles at airports
across the country. Nearly five thousand flights were canceled on Monday,
straining airports already under pressure. The partial government shutdown, now
in its fifth week, has left sixty thousand TSA agents
without paychecks. Workers have been calling out sick, and record
numbers long security lines continuing to plague Spring Break travelers
as frustration grows among TSA officers. Cameron Coachims represents hundreds
of airport workers as the Idaho regional vice president for
the American Federation of Government Employees.
It's affected us mentally, it's affected us emotionally, it's affected
us financially. People don't know when the next paycheck's going
to be. They don't know how to pay their rent,
how to pay their family bills.
Cameron Coachims lead transportation security officer at the Boise Airport.
A Utah jury has returned a verdict for a woman
charge with killing her husband.
We the jury unanimously find that the defendant, Corey Richins,
is guilty of aggravated murder.
Judge Richard m Razik read the verdict of the five
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say Richards slipped five times a lethal dose of a
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Eric Richins, leading to his twenty twenty two death. Richards
later self published a children's book about grief to help
her sons and other kids cope with the loss of
a parent. President Trump's attempts to pass voter ID legislation
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Thanks Michael. Time now for our Bloomberg Sports update, and
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Venezuela rallies from a two to one seventh inning depthsit
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Stay with us. More from Bloomberg Daybreak coming up after this.
Coast to coast on Bloomberg Radio, nationwide on Sirius Exam,
and around the world on Bloomberg dot Com and the
Bloomberg Business app. This is Bloomberg Daybreak.
And good morning. I'm Parrot Moscow alongside John Tucker. It
is day eighteen of the Iran War and golf Arab
nations are coming under renewed missile and drone fire from Iran,
which has been targeting regional oil infrastructure and vowing not
to relinquish its stranglehold on the strategic strait of horm moves.
Israel also launching new strikes on Iran and Lebanon, and
we want to talk more about this with Dan Williams,
Bloomberg Middle East Reporter in Jerusalem. Dan, good morning. So,
as we said, it looks like Iran is stepping up
attax on some key energy sides. What's the latest there.
Hi, Good morning, A very fast moving situation on day
eighteen of this war. It's not even three weeks old,
but it really is a dizzying set of developments, some
of which appears to have been anticipated by the United
States and Israel, some perhaps less anticipated when they launched
this war on February twenty eighth. The latest freshest reports
now is that the Israelis attacked overnight a safehouse in Tehran,
a long distance airstrike which killed the commander of the
Besiege that is, the all volunteer militia in Iran that's
helped the Iranian state enforced security and crack down on
protests going back years. The Besiege has a pretty colored
reputation for its tactics, and I imagine this killing, if confirmed,
will be very much welcomed by the Iranian opposition. It
might be a measure intended to help bring them out
to the streets in what the US and Israel hope
will be a organic internal toppling of the regime. Meanwhile,
the Iranians have been focusing their tax on energy assets,
especially among Gulf Arab neighbors. The UAE has been suffering
pain both when it comes to a depot for offloading
oil onto ships and also a field for gas and
sulfur exports west of Abu Dhabi in the desert. It's
feeling this on almost a daily basis. Is a cascade
of attacks that are definitely being felt in the world
energy markets and are making Gulf Arab neighbors calculate the
costs of this war, which is unprecedented in very many respects.
Yeah, we're also hearing Israel has been going further into
Lebanon as it continues to fight it's fight against Hezbolahs.
So are we continuing continuing to see that as well?
And really, how long can this drag on for Israel?
How are its defenses looking.
Well to hill to here? Israeli leaders tell it, just
like the Americans, they're in this for the long all.
They're in this to get the job done. The cost
calculation is obviously different. The United States is on the
other side of the world. It's mainly feeling this at
the gas pumps. It's mainly feeling this in terms of
a backlash of American popular opinion against the war, against
the president, including amongst some elements of his own party
who voted men in the hope he would draw down
US involvement in the Middle East and elsewhere in the world,
at least militarily in Israel. Meanwhile, there is strong popular
support for this war. Most Israeli see it as the
culminating point of a two and a half long war
on many fronts that began with that Hamas attack from
the Gaza strip Hamas being a member of an array
of Iranian backed assets and allies throughout the region who
share as a common cause preaching and hoping for and
working toward the ultimate destruction of Israel. But as you noted,
there is a second front for Israel in this war
in Iran, and that is against Hesboalo and Lebanon. Hesbela
has long been a very potent ally of Lebanon on
Israel's northern border. Now these really is a saying after
Hesbela reignited that front by firing on Israel a couple
days into this Iran war, these Raelies are saying they
plan to establish what they're calling a buffer zone in
southern Lebanon that would effectively mean a long term displacement
of hundreds of thousands of Lebanese civilians from the area.
These Raelies apparently hope to leverage this not only in
order to prevent Hesbla from threatening frontline Israeli villages in
the north, but also to pressure the Lebanese government into
finally carrying out a long promise crackdown internally against Hesbela
and disarming it.
This is Bloombergy Daybreak, your morning podcast on the stories
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