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President Donald Trump announced that Israel and Iran had agreed to a tentative ceasefire in their conflict that would begin around midnight Washington time on Monday.
Trump, who made the surprise announcement on his Truth Social platform days after ordering airstrikes on Iran’s nuclear facilities, said the accord is aimed at a lasting end to the fighting.
“On the assumption that everything works as it should, which it will, I would like to congratulate both Countries, Israel and Iran, on having the Stamina, Courage, and Intelligence to end, what should be called “THE 12 DAY WAR.”
For instant reaction and analysis, host Doug Krizner spoke with Bloomberg Balance of Power cohost Joe Mathieu, and Jonathan Panikoff, director of the Scowcroft Middle East Security Initiative at the Atlantic Council's Middle East Program.
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Robert D. Kaplan, author and foreign affairs expert discusses the potential blowback and next "phases" of the Israel-Iran conflict. He is joined by Bloomberg's Tom Keene and Paul Sweeney.
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Centerview's Richard Haass discusses Iran’s promise of payback keeping world powers and markets on edge. He is joined by Bloomberg hosts Tom Keene and Paul Sweeney.
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Mark Esper, former US Defense Secretary, says Iran's regime is still dangerous and could respond to the US airstrikes. He also talks about 900 pounds of missing uranium from Iran, the capability of the US military and what could happen if Iran tries to close the Strait of Hormuz. He is joined by Bloomberg hosts, Jonathan Ferro, Ann Marie Hordern, and Lisa Abramowicz.
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Patrick McHenry, Former Chair of the House Financial Services Committee, Former Speaker Pro Tempore and Bloomberg contributor shares his reaction to the US strikes on nuclear sites in Iran. He speaks with hosts Tom Keene and Paul Sweeney.
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American bombers struck Iran’s three main nuclear sites overnight, putting the US directly into Tehran’s war with Israel despite President Donald Trump’s longtime promises to avoid new conflicts.
Addressing the nation late on Saturday in Washington, Trump said Iran’s “key nuclear enrichment facilities have been completely and totally obliterated.” He threatened “far greater” attacks if Iran doesn’t make peace, raising the specter of even deeper US involvement in a Middle Eastern war that began with Israel’s strikes on the Islamic Republic nine days ago.
Trump earlier said US planes dropped bombs on Fordow, a uranium-enrichment site buried deep under a mountain and seen as vulnerable only to “bunker buster” munitions that the US possesses. Natanz and Isfahan, two other sites, were also struck.
“Our objective was the destruction of Iran’s nuclear enrichment capacity and a stop to the nuclear threat posed by the world’s No. 1 state sponsor of terror,” Trump said. “Iran, the bully of the Middle East, must now make peace. If they do not, future attacks will be far greater — and a lot easier.”
Iran’s foreign minister, Abbas Araghchi, said the US’s move “outrageous and will have everlasting consequences.”“Iran reserves all options to defend its sovereignty, interest, and people,” he said.
Tehran’s nuclear regulatory agency said there was no sign of radiation contamination at the sites and that it had take precautions in anticipation of an attack.
On this special edition of Bloomberg Surveillance, hosts Tom Keene and Paul Sweeney speak with:
- Ethan Bronner, Israel Bureau Chief for Bloomberg News
- Joe Mathieu, co-host of Bloomberg Balance of Power
- Gautam Mukunda, professor at Yale School of Management and Bloomberg Opinion columnist
- Dan Williams, Bloomberg News Jerusalem reporter
- Jennifer Lawless, professor at University of Virginia
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Music Legend, Actor and Producer Ice Cube discusses how Big3, the 3-on-3 basketball league he founded, is changing the game with Bloomberg's Romaine Bostick.
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Former US Ambassador to Israel Dan Kurtzer talks about the latest when it comes to the Israel-Iran war as Europe is seeking efforts to find a diplomatic solution after foreign ministers from the UK, France, and Germany met their Iranian counterpart in Geneva Friday. Kurtzer spoke to Bloomberg’s Joe Mathieu.
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Bloomberg's Tom Keene and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance.
Federal Reserve officials left interest rates unchanged and continued to pencil in two rate cuts in 2025, saying uncertainty over the economic outlook was still high but had diminished.
The Federal Open Market Committee voted unanimously on Wednesday to hold the benchmark federal funds rate in a range of 4.25%-4.5%, as they have at each of their meetings this year.
Officials also downgraded their estimates for economic growth this year while lifting their forecasts for unemployment and inflation.
Speaking to reporters following the decision, Chair Jerome Powell repeated his view that the central bank was “well positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policy stance.”
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Glenn Hubbard, Columbia Business School Dean Emeritus and former White House chief economist discusses the upcoming Federal Reserve rate decision and the path forward for interest rates this year as well as the tax bill making its way through Congress.
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