Oil Declines as US and Iran Explore Agreement to Reopen Hormuz

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from Brussels, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. Oil declined as US and Iranian negotiators explored a phased deal that would see Tehran reopen the Strait of Hormuz. A global bond selloff that drove yields to multi-decade highs stabilized in Asia as oil snapped a two-day surge, offering investors some respite after a bruising stretch for debt markets. And Donald Trump’s summit with China’s Xi Jinping has been heavy on pageantry and platitudes but light on substantive announcements, with the events shadowed by the US president’s preoccupation with construction projects and personal grievances. Chapters: 00:00:00 - Daybreak Europe 00:04:23 - US, Iran Said to Be Exploring Phased Deal to Open Hormuz 00:07:59 - Yen Strengthens on Katayama's Comments 00:11:43 - Bonds Stabilize as Oil Declines 00:14:49 - Trump-Xi Summit Low on Substance 00:17:59 - Trump: US, China ‘Never Gotten Along Better’ 00:21:27 - Rutte: Plans Have Been Prepared in Case of Hybrid Actions 00:24:52 - ECB Succession Race 00:31:42 - Trump, Xi Thrust Fierce US-China AI Rivalry Into Spotlight 00:34:36 - Rise Follows Release of Meta's Muse Personal AI 00:37:42 - Jitten: Need to Regulate AI 00:41:15 - Schnabel Will Leave ECB Board Early -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts