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

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Speaker 1: Doug Chrisner. President Trump says the war in Iran will

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Speaker 1: end soon, but not this week. At the same time,

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Speaker 1: the President said he's planning to waive oil related sanctions

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Speaker 1: and have the US Navy escort tankers through the Strait

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Speaker 1: of Hormuz. Here's Trump.

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Speaker 2: We're also focused on keeping energy and oil flowing to

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Speaker 2: the world, and I will not allow a terrace regime

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Speaker 2: to hold the world hostage and attempt to stop the

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Speaker 2: globes oil supply and a verandas anything to do that,

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Speaker 2: they'll get hit at a much much harder level. I

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Speaker 2: will take out those targets that were easy.

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Speaker 1: In the US equity market, today, shares staged a dramatic comeback.

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Speaker 1: The S and P five hundred had been down by

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Speaker 1: one and to half percent. However, the benchmark closed higher

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Speaker 1: by eight tens of one percent, and the shift came

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Speaker 1: when President Trump told CBS News the military operation is

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Speaker 1: very far ahead of its initial four to five week timeframe.

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Speaker 2: Now.

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Speaker 1: President trum Trump's comments on Iran accelerated an earlier retreat

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Speaker 1: in oil prices. The initial move was triggered by G

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Speaker 1: seven finance ministers, saying they were ready to take any

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Speaker 1: steps necessary to support global energy supply. Even so, the

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Speaker 1: finance ministers did not point to the release of strategic

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Speaker 1: petroleum reserves. WTI crude oil finished New York trading at

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Speaker 1: ninety four seventy seven. Lebanon's president is calling for a

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Speaker 1: truce with Israel. The Lebanese government is extremely alarmed at

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Speaker 1: the renewed war. It was triggered by Hesbalah's decision to

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Speaker 1: launch rockets at Israel following the killing of Iran supreme leader.

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Speaker 1: Now Lebanon says more than a half million people have

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Speaker 1: been registered as displaced, and the country state run National

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Speaker 1: News Agency says Israeli strikes have killed four hundred and

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Speaker 1: eighty six people in Lebanon since March second, and now

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Speaker 1: Lebanon wants internationally mediated direct talks between the two countries.

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Speaker 1: NATO intercepted and Irani in ballistic missile that entered Turkish airspace.

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Speaker 1: This incident raises the risk of NATO being drawn more

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Speaker 1: directly into this war. Turkey is calling for diplomatic efforts

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Speaker 1: to diffuse tensions. The Australian government granted humanitarian visas to

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Speaker 1: five members of the Iranian female soccer team. The players

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Speaker 1: were seeking asylum citing fear of their safety after they

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Speaker 1: declined to sing the national anthem during a match on

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Speaker 1: the Gold Coast last week. Iranian state television reportedly labeled

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Speaker 1: the players as traders. In other news, Anthropic is suing

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Speaker 1: the Defense Department for labeling the company a risk to

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Speaker 1: the US supply chain. Here is Bloomberg Seth Feigerman.

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Speaker 3: Well, we're hearing from Anthropic here in a statement as

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Speaker 3: they're taking this step to protect their customers and their business.

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Speaker 3: At the same time, though, they're telling us that they

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Speaker 3: intend to pursue all avenues here to truck immediat this

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Speaker 3: relationship with the government include direct conversation with the government,

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Speaker 3: So they're not foreclosing the continuation of talks here, but

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Speaker 3: they are still pursuing litigation.

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Speaker 1: That is Bloomberg Seth Feigerman. Now, Anthropic is also challenging

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Speaker 1: the government's decision to shift AI work to other providers

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Speaker 1: based on that risk designation. This lawsuit further ramps up

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Speaker 1: a dispute with the Pentagon over safeguards on Anthropics AI technology.

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Speaker 1: President Trump's nominee for Chairman of the Federal Reserve will

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Speaker 1: be meeting with US Senators, possibly as early as tomorrow,

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Speaker 1: to seek their support. More from Bloomberg's Tom Busby.

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Speaker 4: Financier and former Fed Governor Kevin Warsh going on a

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Speaker 4: charm offensive with US Senators this week ahead of his

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Speaker 4: expected hearing and his mission to replace your own Palell

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Speaker 4: as head of the nation's Central Bank. Pal's term ends

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Speaker 4: in May now. One Senator on the dance guard is

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Speaker 4: Tom Tillis, Republican of North Carolina, who said he likes

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Speaker 4: Worsh in that position, but opposes any nomination hearing until

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Speaker 4: the Justice Department ends its investigation into the feds two

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Speaker 4: and a half billion dollar renovation of its headquarters, saying

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Speaker 4: it puts inappropriate pressure on Powell to lower interest rates.

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Speaker 4: Tom Busby, Bloomberg Radio in Manhattan. Three brothers, orn Tale

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Speaker 4: and Aylon Alexander were convicted by a jury and federal

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Speaker 4: court of using their wealth and glamorous lifestyles to traffic

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Speaker 4: women for sex. They were convicted of all charges against them,

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Speaker 4: and they now face the possibility of life behind bars

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Speaker 4: when they are sentenced on August sixth. And that is

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Speaker 4: news when you want it with Bloomberg News Now I'm

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Speaker 4: Doug prisoner, and this is Bloomberg.