President Donald Trump said Iran is ready to make a deal to end the war but the US wants better terms, signaling no letup in a conflict that’s brought shipping in the strategic Strait of Hormuz to a near standstill and upended energy markets.

Separately, Iranian Foreign Minister Abbas Araghchi said the Islamic Republic is open to “any regional initiative that leads to a fair end to the war,” according to an interview published by the UK-based Al-Araby Al-Jadeed news website on Sunday. He added that no specific proposal has yet been presented.

On today's show, Bloomberg This Weekend hosts David Gura and Christina Ruffini speak with:

- Philip Crowther, Associated Press International Correspondent, Joumanna Bercetche, Bloomberg Anchor on "Horizons Middle East and Africa," and Bloomberg News Washington Deputy Bureau Chief Laura Davidson on President Trump's comments that the United States needs better terms to reach a deal to end the war with Iran.

- EPA Administrator Lee Zeldin on the war in Iran and the ever changing energy markets.

- United States Representatives Adam Smith (D-WA) and Michael Lawler (R-NY) to discuss what their opinions are on President Trump's actions in Iran and the Middle East.

- Co-Host of the "Bloomberg Business of Sports" Podcast, Vanessa Perdomo, on the upcoming NCAA Tournament and how the tournament affects the sports gambling market.

For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video.

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The US struck military sites on Kharg Island, from which Iran exports almost all its oil, for the first time overnight, upping the ante in a Middle East war that’s raged for more than two weeks and shows little sign of easing.

President Donald Trump said military facilities on the Persian Gulf island had been “obliterated,” adding that he chose not to hit oil infrastructure “for reasons of decency.” He threatened to do just that should Iran “do anything to interfere with the Free and Safe Passage of Ships through the Strait of Hormuz.”

On today's show, Bloomberg This Weekend hosts David Gura and Christina Ruffini speak with:

- Philip Crowther, Associated Press International Correspondent, Dan Williams, Bloomberg News Jerusalem Reporter, and Bloomberg White House Reporter Jeff Mason on the war's impact on the economy and oil production.

- Former US Diplomat to Syria, Colonel Joel Rayburn, on the United States' military operation in Iran and how it compared to former administrations.

- Trane Technologies CEO Dave Regnery, on the company's apprenticeship program and skills-based hiring.

Plus, David, Christina, and Lisa Mateo play Pointed: The News Quiz for Risk Takers.

For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video.

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Iran picked a new supreme leader and kept up attacks on the ninth day of the war in the Middle East, hitting a water plant in Bahrain, while Israel struck fuel depots in Tehran and threatened the Islamic Republic’s power grid. Tehran didn’t disclose the identity of the new leader. 

The chaos that has gripped the oil market looks set to deepen, with more production getting cut as the war in Iran effectively shuts the Strait of Hormuz, and the US considers widening its range of targets in the country.

On today's show, Bloomberg This Weekend hosts David Gura and Christina Ruffini speak with:

- Daniel Yergin, Vice Chairman at S&P Global, on oil prices nearing a $100-a-barrel threshold.

- Former US Ambassador to Israel Tom Nides, on the relationship between President Trump and Prime Minister Netanyahu, and Israel's role in the Iran conflict.

- Republican Senator Mike Rounds of South Dakota, on why the Trump Administration may have chosen to pursue a war with Iran.

- Team USA Olympic Bobsledders Kaillie Humphries and Elana Meyers Taylor, on what it means to be both a mother and a gold medalist.

For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video.

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President Donald Trump demanded Iran capitulate in the war’s seventh day, suggesting a longer timeframe for the conflict even amid energy-market tumult and worries about whether the US has the military stockpiles to carry on the fight indefinitely. 

“Today Iran will be hit very hard!” Trump said in a social media post in the early hours of Saturday, as the US and Israel bombarded Tehran and other cities for an eighth day. The attacks will continue “until they surrender or, more likely, completely collapse!”

On today's show, Bloomberg This Weekend hosts David Gura and Christina Ruffini speak with:

- Mike McKee, Bloomberg News International Economics and Policy Correspondent, and Julian Lee, Bloomberg News Oil Strategist, on the war's impact for the oil market.

- Bloomberg Intelligence Senior Defense Analyst and Retired Colonel Wayne Sanders, and Becca Wasser, Bloomberg Economics Defense Lead, on a New York Times report revealing Russia is sharing intelligence with Iran.

- Dan Williams, Bloomberg News Jerusalem Reporter, on the level of disruption for those on the ground in the Middle East.

- Deputy National Security Advisor to President Trump, Victoria Coates, and Senior Advisor at the Cohen Group, Jen Gavito, on what Trump's latest Truth Social post warns for Iran.

For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video.

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Ayatollah Ali Khamenei, the supreme leader of Iran who ruled over the Islamic Republic for more than three decades as it faced off with the West, was killed Saturday after the US and Israel launched airstrikes on Tehran.

Iranian media on Sunday confirmed the death, saying Khamenei was killed in his office compound and that there will be 40 days of national mourning.

This comes as three US service members have been killed in action and five are seriously wounded as part of Operation Epic Fury, CENTCOM says in an X post.

On today's show, Bloomberg This Weekend hosts David Gura and Christina Ruffini speak with:

- Democratic Senator Mark Warner of Virginia, who says he was briefed on plans for the attack on Iran and that President Trump had been considering several options.

- Democratic Representative Jason Crow of Colorado, on Democrats in Congress expecting to force a war powers vote this week.

- Republican Representative Michael McCaul of Texas, who says the Iranian people will have a chance to take back their country.

- Hagar Chemali, Former US Mission to the UN, Bloomberg Washington Correspondent Jeff Mason, and Co-Anchor of Bloomberg's "Balance of Power" Joe Mathieu on what might happen next amid protests in Iran.

For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video.

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Iran’s supreme leader was killed in US–Israeli airstrikes, a seismic development in a conflict that’s spread to half a dozen countries across the Middle East and threatens to disrupt energy flows. For details, and suggestions of what happens next, 'Bloomberg This Weekend' hosts David Gura and Christina Ruffini speak with Bloomberg anchor Joumanna Bercetche in Dubai, Bloomberg Israel bureau chief Ethan Bronner in Tel Aviv and Nancy Youssef, a staff writer at The Atlantic.

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The US and Israel began striking targets across Iran, with President Donald Trump urging Iranians to overthrow the government in a conflict that threatens to spiral across the oil-rich Middle East.   

“The hour for your freedom is at hand,” Trump said, addressing Iranians in a video posted on Truth Social on Saturday. “When we’re finished, take over your government. It will be yours to take. This will be probably your only chance for generations.”   

The military campaign could be a defining moment for Trump, risking a drawn-out regional war that leads to a surge in energy prices and American casualties ahead of mid-term elections this year. Iran quickly responded by firing missiles on Israel and US bases around the region, and countries in the Persian Gulf closed their airspace.  

Israel’s military said the campaign would target “dozens of military targets,” and Iran media reported strikes on defensive and civilian sites, including more than 50 people dead in a strike on a school in Hormozgan, in the south of the country. Several large explosions were reported in the capital, Tehran.   
Bloomberg's David Gura and Christina Ruffini lead our team coverage in this instant reaction podcast.

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House Minority Leader Hakeem Jeffries joins David Gura and Christina Ruffini to discuss a potential US attack on Iran. They also discuss whether Democrats will seek to impeach President Donald Trump if they gain control of the US House of Representatives in November's midterm elections.   

For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video.

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'Bloomberg This Weekend' features unique conversations on business, news, lifestyle and culture. Join David Gura, Christina Ruffini and Lisa Mateo Saturdays and Sundays for discussions with business leaders, lawmakers and cultural icons.  

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