Bloomberg Daybreak: US Edition Iran Keeps Striking Gulf; Oil Set for Weekly Surge
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Mar 20, 2026 Jumana Bersechi, a Bloomberg reporter in Dubai covering Middle East and energy developments, gives on-the-ground updates. She discusses Iran’s continued strikes on Gulf energy sites. She covers closure of the Strait of Hormuz and the resulting oil market surge. She explains shifting regional responses and risks of wider escalation.
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Strait Of Hormuz Is The Main Price Driver
- Oil markets are driven primarily by the Strait of Hormuz disruption rather than a temporary pause in targeting energy assets.
- Will Kennedy says Hormuz normally handles 20% of world flows and losing roughly half (~10m barrels/day) forces prices sharply higher.
Trump Told Netanyahu To Stop Striking Oil Fields
- President Trump said he told Benjamin Netanyahu to stop attacking Iranian oil and gas fields and claimed Israeli independence in operations.
- He also quipped about not placing troops and used a Pearl Harbor joke during the Oval Office meeting.
Energy Shock Risks Tightening Monetary Policy
- Europe's natural gas and fuel prices nearly doubled from pre-war levels, pressuring central banks toward tighter policy.
- Will Kennedy highlights surging European gas futures and the inflationary risk from energy shocks.