US Strikes Iran & Blocks Oil Sales | Daybreak Europe 7/8/2026

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, 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. On today's show, the US carried out a new round of strikes in Iran and revoked a waiver allowing new sales of its oil. Iran says it hit an airbase in Kuwait and the Fifth Fleet naval base in Bahrain. Oil advanced, while bonds and stocks retreated after the flare-up in tensions. The head of NATO says it's crucial that the US forcefully reacts when Iran violates the ceasefire. Mark Rutte was speaking as he arrived for the second day of the NATO summit in Turkey. US President Donald Trump will meet Ukraine's President Volodymyr Zelenskyy today. And the French far-right leader Marine Le Pen says she will stand in the 2027 presidential election after an appeals court shortened her election ban for embezzling EU funds. Today's guest: Camille de Courcel, BNP Paribas, Head of DM Rates Strategy and Economics, Europe. Chapters: 00:00:00 - Daybreak Europe 00:03:05 - US Strikes Iran After Hormuz Shipping Attacks 00:08:16 - What the Escalation Means for US-Iran Talks 00:10:10 - Oil Prices Jump After Sanctions Reinstated 00:14:57 - Strait of Hormuz Shipping Risks 00:19:12 - NATO Summit: Iran Takes Center Stage 00:21:20 - Farage Quits as UK MP to Seek New Mandate 00:24:33 - NATO, Ukraine & European Defense Spending 00:27:35 - Camille de Courcel, BNP Paribas, Head of DM Rates Strategy and Economics, Europe 00:31:19 - Markets Reset as Geopolitical Risks Return 00:34:36 - Marine Le Pen Cleared for 2027 Presidential Race 00:43:11 - Microsoft AI, Samsung & Amazon Updates -------- 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