Bloomberg News Now March 20, 2026: Trump Considering Iran Wind Down, Jury Says Musk Misled Twitter Investors, More
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Mar 21, 2026 Coverage of U.S. plans to wind down military actions in the Middle East and possible operations around Karg Island. Discussion of risks to the Strait of Hormuz and surging oil prices. Report on a jury finding that Elon Musk misled Twitter investors and pending damage calculations. Briefs on a major U.S. arms package to Gulf partners and an indictment over illegal server diversions.
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U.S. Weighs Risky Seizure Of Iran Oil Hub
- The U.S. is weighing a potential ground seizure of Iran's Karg Island to disrupt Tehran's oil exports.
- Ed Kolecki reports this would broaden the conflict beyond air strikes, risk more U.S. troop casualties, and follow added Marines deployment and regional defense aid.
Strait Of Hormuz Closure Spurs Emergency Energy Moves
- The Strait of Hormuz closure is driving global energy market alarm and diplomatic pressure.
- Ed Kolecki notes Trump pushed regional users to police the strait while Treasury issued a temporary license to sell Iranian oil already loaded on ships.
Oil Surges Above $112 As Iran War Risks Rise
- Oil prices jumped with Brent settling above $112 a barrel amid expectations the Iran conflict won't resolve soon.
- Bloomberg notes this lifted this week's gains ~9% and prompted U.S. moves like licenses and regional weapons packages.