We’re sharing something a little different in the Daybreak Europe feed today, the the latest episode of Here’s Why  hosted by Stephen Carroll.

While Daybreak Europe brings you the essential news each morning, Here’s Why takes one major global story each week and explores the deeper context behind it.

In this episode, Stephen is joined by Becca Wasser, Defense Lead at Bloomberg Economics, to examine the Iran war as it shifts into a more sustained military campaign. As strikes continue across the region, they discuss weapons supply, defensive capacity and what the pace of operations could mean for how the conflict unfolds.

If you want more episodes search for Here’s Why and subscribe wherever you get your podcasts. 

New episodes are released every week. 

We&rsquo;re sharing something a little different in the Daybreak Europe feed today, the the latest episode of <a href="https://podcasts.apple.com/gb/podcast/heres-why/id1479610314">Here&rsquo;s Why&nbsp;</a> hosted by Stephen Carroll. While Daybreak Europe brings you the essential news each morning, Here&rsquo;s Why takes one major global story each week and explores the deeper context behind it.
In this episode, Stephen is joined by Becca Wasser, Defense Lead at Bloomberg Economics, to examine the Iran war as it shifts into a more sustained military campaign. As strikes continue across the region, they discuss weapons supply, defensive capacity and what the pace of operations could mean for how the conflict unfolds.
If you want more episodes search for Here&rsquo;s Why and subscribe<a href="https://pod.link/1479610314?view=apps&amp;sort=popularity"> wherever you get your podcasts</a>. New episodes are released every week.&nbsp;

Bloomberg Daybreak Europe is the daily morning podcast that helps you understand the stories shaping Europe and the world before the day gets going.

Produced in the early hours each weekday, the show delivers fresh reporting, sharp analysis and clear context on politics, business and global markets by 7am London time. From decisions made in Brussels and London to developments across the global economy, Daybreak Europe connects the dots between power, policy and money.

Hosted by Stephen Carroll in Brussels and Caroline Hepker in London, and powered by Bloomberg’s global network of more than 3,000 journalists and analysts, the podcast goes beyond headlines to explain what is changing, why it matters and what could come next.

Trusted by professionals, business leaders and investors, but made for anyone curious about how economics and politics shape everyday life, Bloomberg Daybreak Europe is the essential way to start your morning informed and ahead.

Bloomberg Daybreak Europe is the daily morning podcast that helps you understand the stories shaping Europe and the world before the day gets going.
Produced in the early hours each weekday, the show delivers fresh reporting, sharp analysis and clear context on politics, business and global markets by 7am London time. From decisions made in Brussels and London to developments across the global economy, Daybreak Europe connects the dots between power, policy and money.
Hosted by Stephen Carroll in Brussels and Caroline Hepker in London, and powered by Bloomberg&rsquo;s global network of more than 3,000 journalists and analysts, the podcast goes beyond headlines to explain what is changing, why it matters and what could come next.
Trusted by professionals, business leaders and investors, but made for anyone curious about how economics and politics shape everyday life, Bloomberg Daybreak Europe&nbsp;is the essential way to start your morning informed and ahead.

Bloomberg Daybreak: Europe Edition

Bonus Episode: Here's Why the Iran War Could Hinge on Missile Math

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/7713da96-26ad-4f7b-804f-b40c00d1f29a/transcript

Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) The US has issued its second authorization for buyers to take Russian oil cargoes already at sea, widening a temporary waiver given last week to India alone in an effort to ease pressure on prices as the war in the Middle East continues.

(2) Brent oil traded near $100 a barrel following one of the most volatile trading weeks ever, with investors bracing for more upheaval as Iran pledged to keep the Strait of Hormuz effectively shut.

(3) The number of Iranian missile launchers has held steady after a week of unrelenting airstrikes, according to Israeli and western estimates, indicating the difficulty of finding small, mobile targets without having complete control of the skies.

(4) A KC-135 refueling plane that was part of the American military campaign against Iran crashed over western Iraq after an incident involving another plane, US Central Command said Thursday night.

(5) The basic assumptions that have underpinned hedging strategies for decades are coming undone by the escalating war in Iran.

Podcast Conversation: America’s Decade-Long AI War Efforts Get a Trial by Fire in Iran

Your morning briefing. All the news you need to start your day. On today's podcast: (1) The US has issued its second authorization for buyers to take Russian oil cargoes already at sea, widening a temporary waiver given last week to India alone in an effort to ease pressure on prices as the war in the Middle East continues. (2) Brent oil traded near $100 a barrel following one of the most volatile trading weeks ever, with investors bracing for more upheaval as Iran pledged to keep the Strait of Hormuz effectively shut. (3) The number of Iranian missile launchers has held steady after a week of unrelenting airstrikes, according to Israeli and western estimates, indicating the difficulty of finding small, mobile targets without having complete control of the skies. (4) A KC-135 refueling plane that was part of the American military campaign against Iran crashed over western Iraq after an incident involving another plane, US Central Command said Thursday night. (5) The basic assumptions that have underpinned hedging strategies for decades are coming undone by the escalating war in Iran. Podcast Conversation: <a href="https://www.bloomberg.com/news/features/2026-03-12/iran-war-tests-project-maven-us-ai-war-strategy" data-destination="https://www.bloomberg.com/news/features/2026-03-12/iran-war-tests-project-maven-us-ai-war-strategy">America&rsquo;s Decade-Long AI War Efforts Get a Trial by Fire in Iran</a>

Russia Helps Iran Strikes, War Breaks Market Plans, EU Counts Conflict Cost

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/852af5db-3cc1-4144-aa22-b40c006ce360/transcript

Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Brent jumped back above $100 a barrel after the Iran war led to more shipping turmoil in the Middle East and China tightened fuel export curbs to cope with the impacts of the conflict.

(2) President Donald Trump said the massive release of emergency oil reserves approved by the International Energy Agency would ease energy price pressures while the US seeks to “finish the job” in its campaign against Iran.

(3) Goldman Sachs and Citigroup have told staffers in Dubai to stay away from their offices as Iran’s attacks on Gulf cities continue.

(4) The European Union warned that its inflation rate could surpass 3% this year if the war in the Middle East causes Brent oil prices to remain around $100 per barrel and gas prices stay elevated for an extended period.

(5) President Donald Trump’s administration started the first of several sweeping trade investigations that set the stage for new tariffs, the centerpiece of a push to replace levies struck down by the US Supreme Court.

(6) Prime Minister Keir Starmer appointed Peter Mandelson as US ambassador despite an official vetting process that warned his ties to disgraced financier Jeffrey Epstein entailed “reputational risks.”

Podcast Conversation: Netflix is making a big investment in AI

Your morning briefing. All the news you need to start your day. On today's podcast: (1) Brent jumped back above $100 a barrel after the Iran war led to more shipping turmoil in the Middle East and China tightened fuel export curbs to cope with the impacts of the conflict. (2) President Donald Trump said the massive release of emergency oil reserves approved by the International Energy Agency would ease energy price pressures while the US seeks to &ldquo;finish the job&rdquo; in its campaign against Iran. (3) Goldman Sachs and Citigroup have told staffers in Dubai to stay away from their offices as Iran&rsquo;s attacks on Gulf cities continue. (4) The European Union warned that its inflation rate could surpass 3% this year if the war in the Middle East causes Brent oil prices to remain around $100 per barrel and gas prices stay elevated for an extended period. (5) President Donald Trump&rsquo;s administration started the first of several sweeping trade investigations that set the stage for new tariffs, the centerpiece of a push to replace levies struck down by the US Supreme Court. (6) Prime Minister Keir Starmer appointed Peter Mandelson as US ambassador despite an official vetting process that warned his ties to disgraced financier Jeffrey Epstein entailed &ldquo;reputational risks.&rdquo; Podcast Conversation: <a href="https://www.bloomberg.com/news/articles/2026-03-11/netflix-to-pay-as-much-as-600-million-for-ben-affleck-s-ai-firm">Netflix is making a big investment in AI</a>

Tanker Attacks Spike Oil, US-EU Trade Probe, Asia Faces Energy Crunch 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/596ffa82-6dc0-4a86-bb40-b40b006ddb94/transcript

Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) The International Energy Agency has proposed the largest ever release of oil reserves, according to the Wall Street Journal, as governments seek to contain a spike in energy prices driven by the Middle East war.

(2) President Donald Trump warned Iran against laying mines in the Strait of Hormuz and threatened to blow up any ship attempting to do so, underscoring his determination to get oil flowing through the vital waterway after almost two weeks of war.President Donald Trump warned Iran against laying mines in the Strait of Hormuz and threatened to blow up any ship attempting to do so, underscoring his determination to get oil flowing through the vital waterway after almost two weeks of war.

(3) Energy markets whipsawed for a second consecutive day as investors raced to interpret rapidly shifting comments from the Trump administration over the war in Iran.

(4) The European Central Bank will ensure the war in Iran doesn’t inflict the same inflation pain on the euro zone as Russia’s invasion of Ukraine did, according to President Christine Lagarde.

(5) The cost of meeting net zero is less than a single fossil fuel price shock, the UK’s official climate adviser said.

(6) According to a stinging barb from Donald Trump, Britons are being led by a Prime Minister who is no Winston Churchill. Soon they will have to cope without the popular wartime leader on their banknotes too.

(7) Some of the world’s biggest hedge funds known for their steady returns suffered hundreds of millions of dollars in losses last week after the war against Iran triggered wild market moves and hit portfolios across the industry.

Podcast Conversation: Travel Problems Aren't Just Centered on Dubai

Your morning briefing. All the news you need to start your day. On today's podcast: (1) The International Energy Agency has proposed the largest ever release of oil reserves, according to the Wall Street Journal, as governments seek to contain a spike in energy prices driven by the Middle East war. (2) President Donald Trump warned Iran against laying mines in the Strait of Hormuz and threatened to blow up any ship attempting to do so, underscoring his determination to get oil flowing through the vital waterway after almost two weeks of war.President Donald Trump warned Iran against laying mines in the Strait of Hormuz and threatened to blow up any ship attempting to do so, underscoring his determination to get oil flowing through the vital waterway after almost two weeks of war. (3) Energy markets whipsawed for a second consecutive day as investors raced to interpret rapidly shifting comments from the Trump administration over the war in Iran. (4) The European Central Bank will ensure the war in Iran doesn&rsquo;t inflict the same inflation pain on the euro zone as Russia&rsquo;s invasion of Ukraine did, according to President Christine Lagarde. (5) The cost of meeting net zero is less than a single fossil fuel price shock, the UK&rsquo;s official climate adviser said. (6) According to a stinging barb from Donald Trump, Britons are being led by a Prime Minister who is no Winston Churchill. Soon they will have to cope without the popular wartime leader on their banknotes too. (7) Some of the world&rsquo;s biggest hedge funds known for their steady returns<a href="https://www.bloomberg.com/news/articles/2026-03-10/balyasny-millennium-point72-hit-by-iran-conflict-in-wild-week"> suffered hundreds of millions of dollars in losses last week</a> after the war against Iran triggered wild market moves and hit portfolios across the industry. Podcast Conversation: <a href="https://www.bloomberg.com/opinion/articles/2026-03-11/travel-problems-are-affecting-mexico-and-cuba-as-well-as-dubai">Travel Problems Aren't Just Centered on Dubai</a>

Gigantic Oil Release Report, Hormuz Strait Mine Threat, Hedge Funds Lose $1.5B

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/3e7db7ee-a892-4496-8a44-b40a006d866c/transcript

Bonus Episode: Here's Why the Iran War Could Hinge on Missile Math

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