Iran Signals No Letup in War, Oil Market In Tumult

Insight & analysis on the White House and Capitol Hill.

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US President Donald Trump confronted mounting pressures on the 10th day of the Iran war as oil prices surged past $100 and the Islamic Republic announced the hardline son of the assassinated Ayatollah Ali Khamenei as its new supreme leader.

Oil pared some gains Monday as the world’s largest economies considered a coordinated release of emergency oil stockpiles. Turmoil in weekend trading saw prices top $118 a barrel. The Strait of Hormuz remained all but closed, with no finalized plans on how nations will safeguard ships passing through the key waterway.

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. • Former Democratic Congresswoman Jane Harman. • Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and Bluestack Strategies Founder Maura Gillespie. • Bloomberg Markets Live Blog Managing Editor Kristine Aquino. • CIBC Private Wealth Managing Director Rebecca Babin. See omnystudio.com/listener for privacy information.