Bloomberg News Now March 16, 2026: Trump Seeks Xi Summit Delay, Calls for Hormuz Help, More
Mar 17, 2026
Discussion of a postponed summit with China and requests for help reopening the Strait of Hormuz. Coverage of hesitant NATO and allied naval involvement and potential strikes on Karg Island. Markets react to Strait of Hormuz developments and oil price moves. Big tech forecast news about NVIDIA’s long-term revenue outlook. Reports on Cuba’s blackout and shifting U.S. negotiation demands.
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Allies Hesitant To Send Ships To Hormuz
- Key European and Asian leaders signaled reluctance to send naval forces to reopen the Strait of Hormuz.
- Germany's Chancellor Merz and UK Prime Minister Keir Starmer emphasized NATO is defensive, while Spain, Italy, Japan, and Australia declined involvement.
UK Considers Drone Mine Hunters Instead Of Warships
- The UK is exploring non-ship options like autonomous mine-hunting drones as an alternative contribution.
- Officials told Bloomberg the UK may propose deploying drones to clear mines rather than committing warships.
Karg Island Strikes Part Of Regime-Weakening Strategy
- The U.S. did strike military targets on Iran's Karg Island and keeps attacking oil infrastructure as an option.
- Analysts say these moves aim to weaken the Iranian regime but risk escalating anger and affecting global oil markets.