Bloomberg Daybreak: Asia Edition

Business and finance news from the Asia-Pacific.
President Donald Trump said he would waive oil-related sanctions, have the US Navy escort tankers through the Strait of Hormuz and predicted on Monday that the war with Iran would resolve "very soon" as he confronted mounting economic and political pressure and days of dramatic fluctuations in oil markets. The president said he didn't believe the conflict would be over this week, but insisted the operation was ahead of schedule and looked to shore up investors increasingly concerned about energy prices. He vowed bombing "at a much, much harder level" if Iran disrupted oil supplies. For more on the impact Trump's remarks had on the oil market, we spoke to Stephen Stapczynski, Bloomberg's Asia Energy Team Leader.
Plus - Australia has granted humanitarian visas to five Iranian female soccer players who sought asylum, citing fears for their safety after the team declined to sing the national anthem during a match on the Gold Coast last week. Prime Minister Anthony Albanese said Tuesday that the government is willing to provide similar assistance to the rest of the Iranian women's team, the Lionesses, noting that "this is a very delicate situation and it is up to them" to decide. Craig Foster is an Australian retired soccer player and a human rights activist. He spoke to Bloomberg's Haidi Stroud-Watts.
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Business and finance news from the Asia-Pacific.
Crude oil surged above $100 a barrel for the first time since 2022 due to escalating hostilities in the Middle East and worsening strains on oil shipping, sending stocks and Treasuries lower. Brent climbed 18% to around $109 a barrel, adding to last week's 28% surge. Traders are braced for further upheaval with the Iran conflict entering a second week, major producers curbing output and traffic through the crucial Strait of Hormuz effectively halted. For more on how this affects the markets, we spoke to Paul Dobson, Executive Editor for Asia Markets.
Plus - what does the oil surge mean for the economies in the Asia Pacific? We heard from Qian Wang, Vanguard Group Chief APAC Economist. She spoke to Bloomberg TV hosts, Haidi Stroud-Watts and Avril Hong.
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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.
In the US – a look ahead to U.S CPI data, along with a focus on 3 stocks for the week ahead.
In the UK – a look ahead to Paris nuclear talks.
In Asia – a look ahead to legislative elections in Vietnam.
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Business and finance news from the Asia-Pacific.
The US-Israeli offensive against Iran has rattled energy markets, driving crude oil to multi-year highs on fears that disruptions in the Strait of Hormuz may choke supplies and reignite inflation. That came as equity investors confront stretched valuations after an artificial intelligence-fueled rally pushed stocks to elevated levels. We spoke to Winnie Wu, Head of APAC Equity Strategy at Bank of America Global Research.
Plus - Goldman Sachs Natural Gas Research Head Samantha Dart says a scenario where Brent crude prices cross the 100 dollar threshold as "possible" if the Strait of Hormuz were to experience several weeks of interrupted oil flow. She spoke to Bloomberg's Haidi Stroud-Watts and Avril Hong.
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Business and finance news from the Asia-Pacific.
Asian equities rebounded, with South Korea leading gains after its worst rout on record, as sentiment showed signs of a recovery following an initial bout of volatility sparked by the Middle East conflict. In China, they set a growth target of 4.5% to 5%, its most modest in more than three decades, in a shift towards more sustainable growth drivers. For more, we turn to Lianting Tu, Bloomberg's Managing Editor for Asia Equities.
Plus - Goldman Sachs Group Chief Executive Officer David Solomon said he's watching the private credit market for 'frothiness,' though he hasn't seen anything that gives him significant cause for concern. Speaking on the sidelines of the firm's inaugural 'Australia Week,' Solomon exclusively told Bloomberg that markets' 'benign' reaction reflects cautious stance on figuring out the endgame. He also shared his 'glass half full' outlook on the prospects for artificial intelligence.
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