Iran’s Foreign Ministry says US actions in the Middle East are the only factor destabilizing the Strait of Hormuz and vows to respond to every US action with a “crushing blow.” Earlier reports said US forces struck two Iranian launchers on Larak Island, after which Iran targeted US bases in Jordan.

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Iran’s Islamic Revolutionary Guard Corps says a supertanker struck two mines after attempting to use what it called an “illegal route” in the southern Strait of Hormuz. The IRGC Navy warned that vessels violating its safe-passage rules would face the same fate. Details about the ship were not provided.

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Bloomberg News Now highlights a jump in oil prices after US strikes and the continuing US-Canada trade war, alongside other top stories from the day in a regularly updated audio report on global business news.

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Oil prices rise as missiles are reported flying across the Gulf, setting the tone for the day ahead in European and global markets.

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Oil prices rose and stocks fell after the United States struck Iran, while bitcoin barely moved. Despite the latest escalation in geopolitical tensions, BTC remains August’s best-performing asset.

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Oil prices rose on Monday morning as tensions in the Middle East flared again and investors assessed the possibility of a US interest-rate increase, reinforced by Warsh’s hawkish signal.

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After roughly a week of saying Washington would shift toward economic warfare against Iran, the U.S. has chosen to resume actual strikes instead.

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Asian stock markets fell on Monday after fresh fighting between the United States and Iran pushed oil prices higher. Bond yields also stayed elevated as investors reduced their expectations for a U.S. interest-rate hike.

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Bloomberg News Now brings together the day’s leading stories, including new US strikes on Iran and the continuing US-Canada trade war, with updates throughout the day on global business news.

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Persian Gulf countries have not restricted regional air traffic despite reports that Iran fired missiles toward US ships in the Strait of Hormuz, a Middle Eastern air traffic service source told TASS. Iranian television reported the missile launch, while other reports said US forces had struck two missile launchers on Iran’s Larak Island.

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The U.S. struck Iranian rocket launchers near the Strait of Hormuz. Its last major strikes on Iran took place in late July.

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Iran’s Islamic Revolutionary Guard Corps has vowed retaliation after the U.S. bombed targets in the Strait of Hormuz. In a statement carried by Iran’s state broadcaster, the Guard said several fighters and fellow citizens had been killed and wounded.

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US President Donald Trump says oil from a recently announced deal with Venezuela will replenish the Strategic Petroleum Reserve, with the “topping out” process starting soon. He called the oil a “Gift from Venezuela to the People of the United States” and blamed Joe Biden for leaving the reserve “virtually” empty. The timing and short-term benefit remain unclear. Venezuela’s interim President Delcy Rodriguez said the 25-year agreement would develop its oil industry while preserving ownership and sovereignty over its resources.

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Venezuelan President Nicolas Maduro, who is being held in a US prison, posted a smiling photo of himself in a gray tracksuit and addressed a message of love and hope to his grandchildren, children and supporters. Maduro and his wife face alleged drug-trafficking charges in a US federal court and have pleaded not guilty.

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Venezuela’s interim president, Delcy Rodríguez, defended her government’s controversial energy agreement with Donald Trump, saying Venezuela would retain ownership and sovereignty over its oil reserves. The deal reportedly gives Washington control of 65bn barrels, prompting outrage among opposition figures and leftwing protesters in Caracas.

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Sen. Ted Cruz renewed his call for free and fair elections in Venezuela to be held rapidly, two days after Trump announced that the U.S. would take over 65 billion barrels of oil.

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US President Donald Trump says the Strategic Petroleum Reserve will be replenished with Venezuelan oil. He made the announcement after unveiling what he called an unprecedented US effort to take control of a fifth of Venezuela’s vast oil reserves, adding that the process would begin shortly.

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Controversial Venezuelan executive Alejandro Betancourt is courting investors after the Trump oil deal. He is the US minority partner in a company that will control more than 65bn barrels of oil reserves.

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US President Donald Trump described the agreement as “the biggest oil deal in world history.” Venezuela’s interim president said the 25-year accord covers 65 billion barrels of Venezuelan oil and is intended to develop the country’s oil industry while preserving its ownership and sovereignty over the resources.

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Interim President Delcy Rodriguez has defended a deal to transfer 65 billion barrels of Venezuelan oil to the United States in a televised address. She said Venezuela retains sovereignty despite pressure on Caracas to meet Washington’s demands since the US abducted President Nicolas Maduro in January.

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