Bloomberg News Now March 19, 2026: Energy Prices Shift, Iran Military Capabilities Crippled, More
Mar 20, 2026
Coverage of drone and missile strikes on Gulf oil and gas sites. Claims of crippling Iran's missile and nuclear infrastructure are reported. U.S. and Israel differ on campaign aims while the Pentagon seeks major war funding. International talks on energy security and leadership disputes at the Fed are also highlighted.
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Israel Claims Iran's Military Industrial Base Crippled
- Israel claims significant degradation of Iran's military and nuclear-industrial capabilities during strikes.
- Benjamin Netanyahu said factories producing missile and nuclear components were being destroyed and Iran's air force and defenses were nearly ruined.
U.S. And Israel Pursue Different Campaign Goals
- U.S. and Israeli objectives in the campaign differ, affecting operational focus and messaging.
- DNI Tulsi Gabbard said Israel targets leadership while the Trump administration aims to degrade Iran's military capacity.
Prepare For Massive War Funding Requests
- Expect major funding requests tied to prolonged conflicts and prepare budget reviews accordingly.
- The Pentagon asked Congress for an additional $200 billion for the Iran war, a request larger than recent Ukraine assistance and sent to the White House for review.