Bloomberg News Now March 14, 2026: Trump Wants Other Countries to Send Warships, UAE Port Suspends Loadings, More
Mar 15, 2026
Calls for allied warships to reopen the Strait of Hormuz and U.S. strikes on Karg Island escalate Middle East tensions. Coverage of halted oil loadings at a UAE port after a drone strike. Discussion of economic risks if the strait stays closed and a U.N. plea to stop hostilities. Reports on missile launches from North Korea and market volatility including Wall Street losses and big junk-bond deals.
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Trump Calls For International Warships In Hormuz
- President Trump urged China, the UK, France, Japan and South Korea to send warships to reopen the Strait of Hormuz.
- He made the call on Truth Social after ordering strikes on Karg Island as the closure sent oil prices higher and risked broader economic impact.
UAE Port Halts Loadings After Drone Strike
- The UAE suspended loading operations at a key oil trading hub after a drone strike and fire, underscoring export-route vulnerability.
- The blaze was extinguished and there were no tankers at loading points Saturday evening, delaying resumption.
BP Gets Green Light For Gulf Project
- BP won U.S. approval to resume crude development in the Gulf of Mexico with the Cascada project, its first post-Deepwater Horizon Gulf development.
- Initial phase could produce about 275 million barrels and faces opposition from Democrats and environmental groups.