Business and finance news from the Asia-Pacific.
Oil extended gains and Treasuries held their losses after the standoff between the US and Iran intensified, raising concern that supply disruptions will reignite inflation and strengthen the case for higher interest rates.
Brent climbed as much as 2.8% to $85.64 a barrel. The commodity jumped 9.6% on Monday — its biggest gain since May 2020 — after President Donald Trump reinstated the US blockade of Iranian ships transiting the Strait of Hormuz and demanded a 20% reimbursement on all other cargo shipped through the waterway. We spoke to Rob Haworth, Senior Investment Strategy Director at US Bank Wealth Management.
For more analysis on how the new blockades are affecting oil prices and inflation, Bloomberg TV Hosts David Ingles and Yvonne Man talked to Chris Weston, Head of Research at Pepperstone.

Business and finance news from the Asia-Pacific. Oil extended gains and Treasuries held their losses after the standoff between the US and Iran intensified, raising concern that supply disruptions will reignite inflation and strengthen the case for higher interest rates. Brent climbed as much as 2.8% to $85.64 a barrel. The commodity jumped 9.6% on Monday &mdash; its biggest gain since May 2020 &mdash; after President Donald Trump reinstated the US blockade of Iranian ships transiting the Strait of Hormuz and demanded a 20% reimbursement on all other cargo shipped through the waterway. We spoke to Rob Haworth, Senior Investment Strategy Director at US Bank Wealth Management. For more analysis on how the new blockades are affecting oil prices and inflation, Bloomberg TV Hosts David Ingles and Yvonne Man talked to Chris Weston, Head of Research at Pepperstone.

Listen for business and finance news centered in the Asia-Pacific region. 

Host Doug Krizner brings you insight and analysis on the day's top stories from China, India, Japan, Korea, Hong Kong, Singapore, Australia and more.

Listen for business and finance news centered in the Asia-Pacific region. Host Doug Krizner brings you insight and analysis on the day's top stories from China, India, Japan, Korea, Hong Kong, Singapore, Australia and more.

Join Bloomberg Daybreak Asia for business and finance news centered in the Asia-Pacific region, along with insight and analysis on the day's top stories in global markets.

Bloomberg Daybreak: Asia Edition

Oil Continues Gains as US Imposes New Blockade in Hormuz

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/995c2f57-773d-4896-9641-b487002efc18/transcript