Oil Gains as Trump Signals Iran Deal On ‘Life Support’ | Bloomberg Businessweek Daily 5/11/2026
Bloomberg’s Devika Krishna Kumar breaks down the latest movement in the oil markets as Trump throws cold water on hopes of a deal between the US and Iran. Then, Hardika Singh, economic strategist at Fundstrat, discusses the markets as stocks continue to trade higher despite risk from the war in Iran. Plus, Bloomberg Economics chief geoeconomics analyst Jennifer Welch previews Trump’s trip to Beijing to meet with China’s President Xi later this week. Finally, Angi CEO Jeff Kip talks his company’s ‘radical pivot’ to AI.
Chapters:
00:00:00 – Bloomberg Businessweek Daily
00:03:54 – Oil Climbs After Trump Rebuffs Iran’s Offer
00:06:13 – Trump Floats Temporary Gas Tax as Prices Soar
00:10:22 – Oil Climbs as Trump Says US-Iran Ceasefire on ‘Life Support’
00:12:48 – Global Economy Feels Impact of Iran War
00:21:16 – Trump Rejects New Iran Offer
00:23:01 – Trump to meet Xi in Beijing this Week
00:28:47 – Musk, Cook Set to Join Trump for Xi Summit, White House Says
00:34:12 – Angi Becomes Latest Company to Announce AI Pivot
00:43:42 – Stocks on the Move Today
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