Bloomberg News Now March 5, 2026: Hegseth on Ongoing Iran Operation, Trump Ousts Noem at DHS, More
Mar 6, 2026
Coverage of U.S. military operations and timelines regarding Iran. Discussion of efforts to dismantle Iran’s missile production. Markets react as oil prices jump amid Middle East tensions. Policy moves on Russian oil sales to India and shifts in homeland security roles. Tech and defense intersect with supply-chain concerns affecting AI contractor Anthropic. Retail results spotlight Costco’s profit beat.
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U.S. Can Continue Iran Strikes Unchecked
- The U.S. House rejected a bill to stop strikes on Iran, leaving President Trump free to continue operations.
- Defense leaders say U.S. and Israeli forces are targeting Iran's capabilities and will control the timeline, with munitions described as "full up."
Operation Aims To Destroy Iran's Missile Industrial Base
- U.S. commanders say they will not only destroy existing missiles but systematically dismantle Iran's missile production base.
- Admiral Brad Cooper said the campaign will take time but is underway to prevent Iran from rebuilding its ballistic capability.
Gulf Tensions Drive Oil Surge
- Oil prices spiked after Gulf attacks, with WTI jumping 8.5% to $81 in New York trading.
- Analysts warn sustained tensions could push prices above $100 a barrel, reinforcing commodities' role for portfolio diversification.