Bloomberg Daybreak: US Edition Iran Hits UAE Gas Field; Trump Delays China Summit
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Mar 17, 2026 Michael Barr, Bloomberg reporter covering U.S. travel chaos and TSA strains. Omer Ant, Middle East managing editor on the ground in the Gulf. They discuss Iran’s attacks on UAE energy sites and wider risks to supply. They cover Trump’s request to delay a summit with Xi and the geopolitical ripple effects. Short, fast-paced updates on oil, markets, and regional escalation.
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Iran Targets Upstream Energy Assets
- Iran escalated strikes to target upstream energy assets, marking the first successful attack on the UAE's Shah gas field and signaling broader regional reach.
- The Shah field attack and hits on ports and Iraqi oil sites have tightened global supply outlook and drove oil >40% since the war began.
Trump Appeals To Strait Stakeholders
- President Trump urged other nations, especially those heavily dependent on the Strait of Hormuz, to help secure shipping after Iran's strikes choked transit.
- He noted the U.S. gets <1% of its oil via the Strait while Japan and China get ~95% and ~90%, respectively, highlighting unequal stakes.
Trump Shares Unnamed Former President Anecdote
- President Trump said a former president told him they "wish I did it" regarding attacking Iran, an anecdote he declined to attribute.
- The Associated Press reported none of the four living former presidents had been in contact with Trump recently.