US President Donald Trump spoke for nearly 20 minutes from the White House, saying the US would hit Iran “extremely hard” in the next two to three weeks, and that he’d strike key infrastructure like electric plants if no deal is reached.

Stocks fell and oil jumped on his comments, with Brent rising 5% as Trump talked about possible escalation and reiterated his call for other nations to step in to fully reopen the Strait of Hormuz.

This is a developing story. We are live blogging at Bloomberg.com with the latest from across the globe. You can also listen at Bloomberg Daybreak or Bloomberg News Now.

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

US President Donald Trump spoke for nearly 20 minutes from the White House, saying the US would hit Iran &ldquo;extremely hard&rdquo; in the next two to three weeks, and that he&rsquo;d strike key infrastructure like electric plants if no deal is reached. Stocks fell and oil jumped on his comments, with Brent rising 5% as Trump talked about possible escalation and reiterated his call for other nations to step in to fully reopen the Strait of Hormuz.
This is a developing story. We are&nbsp;<a href="https://www.bloomberg.com/news/live-blog/2026-04-02/iran-latest?srnd=homepage-americas">live blogging</a> at Bloomberg.com with the latest from across the globe. You can also listen at <a href="https://podcasts.apple.com/us/podcast/bloomberg-daybreak-us-edition/id1663860720">Bloomberg Daybreak</a> or <a href="https://podcasts.apple.com/us/podcast/bloomberg-news-now/id1701403307">Bloomberg News Now</a>. We have a special Bloomberg subscription offer for podcast listeners at <a href="https://www.bloomberg.com/subscriptions/podcasts">Bloomberg.com/podcastoffer.</a>

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Big Take

Special Report: President Trump's Prime Time Address

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/313ac210-483d-435b-99b3-b42000372898/transcript