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Speaker 1: News when you want it with Bloomberg News Now, I'm

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Speaker 1: Doug Prisner. Crude oil prices have jumped above one hundred

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Speaker 1: dollars due to the escalating tensions in the Middle East.

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Speaker 1: The State Department reportedly ordered American workers at the US

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Speaker 1: diplomatic mission in Saudi Arabia to leave. The New York

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Speaker 1: Times reports the departure indicates that senior diplomats are bracing

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Speaker 1: for a possible surge in violence in the war with Iran.

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Speaker 1: Here is Sarah Vaksuri of SVB Energy International.

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Speaker 2: We saw two major impact on the energy resources and

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Speaker 2: flow from the region. Number one is the attacks and

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Speaker 2: the strikes on the energy facilities and multiple producing countries

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Speaker 2: in the region. And the second one is that the

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Speaker 2: streets of the oil flow from there as even before

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Speaker 2: Iran physically closed them, the insurance company kind of stopped

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Speaker 2: ensuring the tankers. Tankers volunteerly not passing through the strait

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Speaker 2: of Muslim That.

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Speaker 1: Is Sarah Vaksuri of SVB Energy International. Earlier today, US

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Speaker 1: Energy Secretary Chris Wright said global energy supplies are sufficient

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Speaker 1: and the surgeon prices reflects a fear premium in markets

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Speaker 1: that will not last. Here is the Right, speaking earlier

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Speaker 1: to CNN State of the Union.

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Speaker 3: We have that oil we have. The world is very

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Speaker 3: well supplied with oil right now. The United States is

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Speaker 3: a net oil exporter. We're a net natural gas exporter.

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Speaker 3: We are suffering high prices, not a natural gas, but

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Speaker 3: an oil because it's a globally connected market. We're communicating

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Speaker 3: with our allies abroad. The oil is there. You're seeing

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Speaker 3: a little bit of fear premium in the marketplace. But

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Speaker 3: the world is not short of oil today or natural gas.

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Speaker 1: That is Chris Right, US Energy Secretary, speaking to CNN

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Speaker 1: State of the Union. Iran has a new Supreme leader.

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Speaker 1: According to the country semi official far As News agency,

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Speaker 1: most of A Khamanee was elected to succeed his father

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Speaker 1: as Supreme Leader in a decisive vote of the Assembly

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Speaker 1: of Experts. Moushtebuk Kahmani is the third person to lead

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Speaker 1: the Islamic Republic. He had long been considered a contender

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Speaker 1: even before the Israeli strike killed his father at the

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Speaker 1: beginning of the war. Here is Bloomberg's Wendy Benjaminson.

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Speaker 4: He seems to be the kind of guy who will

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Speaker 4: continue in his father's footsteps. In every way, and the

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Speaker 4: Iranian Revolutionary Guard Corps, that is, the elite military army

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Speaker 4: that Iran has has already pledged their loyalty to him.

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Speaker 4: So I don't know if this is what President Trump

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Speaker 4: had in mind in reshime.

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Speaker 1: Change, that is Bloomberg's Wendy Benjaminson. And now, according to

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Speaker 1: state media, Iran has launched its first missile attack after

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Speaker 1: the appointment of Moshtebak Kahmane. Now the conflict with Iran

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Speaker 1: is in its ninth day, and another American service member

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Speaker 1: has died. This is the seventh killed in action during

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Speaker 1: the operation. US Central Command said the service member was

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Speaker 1: seriously injured on March first, when Iran struck a Saudi

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Speaker 1: military base where American troops were stationed. The service member

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Speaker 1: later succumbed to injuries. Earlier today, Israel struck southern Lebanon

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Speaker 1: as well as Beirut, and an oil storage facility in

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Speaker 1: Tehran was hit as well. The Israeli military also said

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Speaker 1: it destroyed the headquarters of the Revolutionary Guard Air Force.

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Speaker 1: President Trump and Israeli Prime Minister Benjamin Etnyao, who have

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Speaker 1: vowed to press ahead with their operations in Iran. At

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Speaker 1: the same time, Iran's president threatened to expand attacks on

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Speaker 1: US targets across the region. Now, Bahrain, Kuwait, and the

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Speaker 1: United Arab Empirates have all reported incoming Iranian missiles. Bahrain

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Speaker 1: accused Iran of indiscriminately attacking civilian targets and damaging one

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Speaker 1: of its water desalinization plants. We go to New York

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Speaker 1: City next to where six people have been arrested in

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Speaker 1: connection with unrest during an anti Muslim protest outside the

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Speaker 1: residents of Mayor Zoron Mumdani. Two of those were arrested

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Speaker 1: in connection with an improvised explosive device thrown outside the residence.

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Speaker 1: Police Commissioner Jessica Tish said the device had been ignited

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Speaker 1: and could have caused serious injury or death. At the

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Speaker 1: same time, the suspects told detectives the leader of an

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Speaker 1: anti Muslim protest insulted their religion, and the suspect described

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Speaker 1: the device as retaliation. Meantime, investigators found the men had

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Speaker 1: watched Islamic state propaganda videos before the protest. NIH research

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Speaker 1: grants are a point of tension in President Trump's second administration,

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Speaker 1: and now a bipartisan group of lawmakers wants HHS Secretary

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Speaker 1: Robert F. Kennedy Junior to fill panel vacancies to allow

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Speaker 1: for more research funding. More from Bloomberg's Amy Morrison, Washington.

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Speaker 5: Most of the bodies within the National Institutes of Health

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Speaker 5: have advisory councils. They're made up of experts who assess

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Speaker 5: the scientific grand applications and approve them. Those vacancies create

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Speaker 5: a bottleneck for research. In a letter obtained by Bloomberg Government,

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Speaker 5: the lawmakers point out Kennedy rescinded invitations to join those councils,

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Speaker 5: in including critical research councils which will see their current

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Speaker 5: staffing expire by the end of this year. The members

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Speaker 5: gave AHHS a March twentieth deadline to respond to their

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Speaker 5: questions about those vacancies. In Washington, amymore as Bloomberg Radio.

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Speaker 1: The next FED decision is March eighteenth, and in the

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Speaker 1: coming week policymakers will observe a blackout period. They are

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Speaker 1: prohibited from making comments about the economy or monetary policy.

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Speaker 1: Even so, there will be no shortage of economic data

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Speaker 1: in the week ahead. We have a preview from Bloomberg's

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Speaker 1: Karen Moscow.

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Speaker 6: Existing home sales and small business optimism are out on Tuesday.

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Speaker 6: Then it's a look at inflation with the consumer price

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Speaker 6: Index Wednesday. Thursday, as housing starts in building permits, as

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Speaker 6: well as the weekly report on initial jobless claims and

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Speaker 6: the trade balance. Friday, it's personal income and spending for January.

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Speaker 6: It includes the PCE index, or the Fed's preferred inflation gage.

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Speaker 6: We also get a second look at fourth quarter GDP

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Speaker 6: consumer sentiment from the University of Michigan, and Jolt's job

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Speaker 6: openings are in Moscow.

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Speaker 1: Bloomberg Radio and that is news when you want it

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Speaker 1: with Bloomberg News. Now, I'm Doug Prisner, and this is

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Speaker 1: Bloomberg