Bloomberg Surveillance Iran and Israel Keep Up Attacks; President Trump Extends Deadline
20 snips
Mar 27, 2026 
Bob Michele, JPMorgan fixed‑income chief, on bond reactions and energy-driven real yields. Seema Shah, Principal Asset Management strategist, on investor positioning and regional exposure. Anna Wong, Bloomberg chief US economist, on oil-shock modeling and inflation paths. Joumanna Bercetche, reporting from Dubai, on Middle East mediation and supply-route control. They discuss markets, oil shocks, and geopolitical risks in short, sharp takes.
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Pakistan Emerges As Key Mediator
- Pakistan, Egypt, and Turkey are acting as mediators delivering U.S. messages to Iran while Gulf states avoid mediating due to being targets.
- Iranian FM Abbas Araqchi acknowledged Pakistan transmission but said Iran isn't ready to end the war, signaling limited breakthrough prospects.
U.S. And Israel Are Aligned But Publics Differ
- The U.S. and Israel claim military alignment but public support differs sharply; Israel shows around 80% backing while U.S. public opinion is more fragile.
- That U.S. fragility ties to concerns about oil-price-driven inflation and potential troop deployments affecting presidential polling.
Massive Oil Spike Is Transitory For Year‑Over‑Year Inflation
- A transitory oil shock can spike headline CPI sharply but then reverse: even $200 oil raises CPI near 5.5–6% then falls back by 2027–28.
- Anna Wong models show year-over-year inflation dropping once high-price base effects wash out.
