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President Donald Trump has threatened “all Hell” will rain down on Iran if it doesn’t agree to a ceasefire that reopens the Strait of Hormuz by 8 p.m. Eastern time on April 7. Is this a bluff intended to push Tehran to the negotiating table, or a credible threat?

With the deadline nearing, Iran rejected the latest US proposal for a deal to end the war and continued regional strikes. Trump intensified his threats — warning a “civilization will die tonight” — and the US reattacked Iran’s Kharg island. Further escalation appears more likely than negotiations. That’s consistent with our base case that the war will see a sharp escalation followed by a shift to lower-intensity fighting.

Treasuries fell amid mounting oil prices in the run-up to US President Donald Trump’s late-Tuesday deadline for Iran to agree to terms for ending American attacks.

The declines lifted yields by as much as five basis points, with long-maturity tenors rising most. Ten- and 30-year yields reached session highs against an array of conflicting signals about whether Trump’s threats of mass destruction are likely to come to pass.

Oil prices — a principal driver of Treasury yields since the US assault on Iran began Feb. 28 — rose, US benchmark West Texas Intermediate crude futures by as much as 4.6% from Monday’s multi-year high close. Yields reached year-to-date highs in late March as energy prices mounted, however they retreated from those levels amid mounting fears the oil shock will hit economic growth.

Today's show features:
Jennifer Welch, Bloomberg Economics Chief Geoeconomics Analyst
Jim Caron, Morgan Stanley Investment Management Portfolio Solutions Group CIO
Michael Gross, SLR Capital Partners Co-Founder 
Sastry Durvasula, TIAA Chief Operating, Information and Digital Officer

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>. President Donald Trump has threatened &ldquo;all Hell&rdquo; will rain down on Iran if it doesn&rsquo;t agree to a ceasefire that reopens the Strait of Hormuz by 8 p.m. Eastern time on April 7. Is this a bluff intended to push Tehran to the negotiating table, or a credible threat? With the deadline nearing, Iran rejected the latest US proposal for a deal to end the war and continued regional strikes. Trump intensified his threats &mdash; warning a &ldquo;civilization will die tonight&rdquo; &mdash; and the US reattacked Iran&rsquo;s Kharg island. Further escalation appears more likely than negotiations. That&rsquo;s consistent with our base case that the war will see a sharp escalation followed by a shift to lower-intensity fighting. Treasuries fell amid mounting oil prices in the run-up to US President Donald Trump&rsquo;s late-Tuesday deadline for Iran to agree to terms for ending American attacks. The declines lifted yields by as much as five basis points, with long-maturity tenors rising most. Ten- and 30-year yields reached session highs against an array of conflicting signals about whether Trump&rsquo;s threats of mass destruction are likely to come to pass. Oil prices &mdash; a principal driver of Treasury yields since the US assault on Iran began Feb. 28 &mdash; rose, US benchmark West Texas Intermediate crude futures by as much as 4.6% from Monday&rsquo;s multi-year high close. Yields reached year-to-date highs in late March as energy prices mounted, however they retreated from those levels amid mounting fears the oil shock will hit economic growth. Today's show features:
<ul>
<li>Jennifer Welch, Bloomberg Economics Chief Geoeconomics Analyst</li>
<li>Jim Caron, Morgan Stanley Investment Management Portfolio Solutions Group CIO</li>
<li>Michael Gross, SLR Capital Partners Co-Founder&nbsp;</li>
<li>Sastry Durvasula, TIAA Chief Operating, Information and Digital Officer</li>
</ul>

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Hosts Carol Massar and Tim Stenovec bring you insight on the people, companies and trends shaping today's complex economy.  You can watch and listen to Businessweek LIVE on YouTube, weekdays from 2PM to 5PM ET: http://bit.ly/3vTiACF. 

Listen for reporting from the magazine that helps global leaders stay ahead. Hosts Carol Massar and Tim Stenovec bring you insight on the people, companies and trends shaping today's complex economy.&nbsp; You can watch and listen to Businessweek LIVE on YouTube, weekdays from 2PM to 5PM ET: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.&nbsp;

Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.

Bloomberg Businessweek

Trump Threatens 'All Hell' as 8pm Deadline Looms

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