Bloomberg Daybreak: Europe Edition Iran Bombs Energy Supplies, Nvidia'a $1T AI Forecast, Market Complacency
Mar 17, 2026
Mark Cudmore, Markets Live executive editor who decodes market moves, and Honor Ant, Middle East managing editor reporting from the region, discuss Iran’s strikes on Gulf energy infrastructure and a massive gas-field blaze. They cover the impact on global fuel supplies and soaring European gas price forecasts. They also touch on Nvidia’s bullish $1T AI sales outlook and why US stocks may seem oddly calm.
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Iran Escalates Strikes On Gulf Energy Output
- Iran has escalated attacks on Gulf energy infrastructure, including a drone strike that suspended operations at the UAE's Shah gas field.
- The strikes follow earlier disruption in Qatar and together threaten sizable regional LNG and gas output, pushing prices sharply higher.
Refined Fuels Face Bigger Shock Than Crude
- Goldman Sachs warns the largest oil-market shock in history will hit refined fuels like jet fuel and diesel harder than crude.
- Crude is up over 40% since attacks began, while some Asian fuel prices have doubled, creating acute consumer shortages.
Allies Hesitate Over Reopening Strait Of Hormuz
- President Trump urged other countries to help secure the Strait of Hormuz, but many allies expressed reluctance to escalate.
- EU foreign ministers and leaders like Keir Starmer signalled caution, seeking collective plans while avoiding wider war involvement.