Traders Warn of $100 Oil as Iran Conflict Rages On

President Donald Trump demanded Iran capitulate in the war’s seventh day, suggesting a longer timeframe for the conflict even amid energy-market tumult and worries about whether the US has the military stockpiles to carry on the fight indefinitely. 

“Today Iran will be hit very hard!” Trump said in a social media post in the early hours of Saturday, as the US and Israel bombarded Tehran and other cities for an eighth day. The attacks will continue “until they surrender or, more likely, completely collapse!”

On today's show, Bloomberg This Weekend hosts David Gura and Christina Ruffini speak with:

- Mike McKee, Bloomberg News International Economics and Policy Correspondent, and Julian Lee, Bloomberg News Oil Strategist, on the war's impact for the oil market.

- Bloomberg Intelligence Senior Defense Analyst and Retired Colonel Wayne Sanders, and Becca Wasser, Bloomberg Economics Defense Lead, on a New York Times report revealing Russia is sharing intelligence with Iran.

- Dan Williams, Bloomberg News Jerusalem Reporter, on the level of disruption for those on the ground in the Middle East.

- Deputy National Security Advisor to President Trump, Victoria Coates, and Senior Advisor at the Cohen Group, Jen Gavito, on what Trump's latest Truth Social post warns for Iran.

For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video.

See omnystudio.com/listener for privacy information.