Iran Defies Trump With Energy Strikes As War Costs Rise

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Iran stepped up its assault on key oil and gas infrastructure across the Middle East, defying US President Donald Trump’s calls for restraint and triggering a fresh surge in energy prices that have highlighted the cost of the ever-widening conflict.

The Islamic Republic targeted sites in countries including Saudi Arabia, Qatar and the United Arab Emirates with a wave of drone and missile attacks on Thursday, a retaliation for Israel’s assault on Iran’s giant South Pars gas field the previous day.

The sharp escalation, with the bombing of more energy facilities from both sides, threatened to draw in both Gulf and European powers and exposed tensions between the US and Israel — with Trump himself rebuking his ally.

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with: • Bloomberg Washington Correspondent Tyler Kendall. • Bloomberg Intelligence Senior Commodities Strategist Mike McGlone. • Democratic Congresswoman Sam Liccardo of California. • Stonecourt Capital Partner Rick Davis and Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino. • Former US Ambassador to NATO Kurt Volker. See omnystudio.com/listener for privacy information.