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Israel Preparing Strike on Iran's Nuclear Facilities According to Report
Israel Preparing Strike on Iran's Nuclear Facilities According to Report

Bloomberg

time21-05-2025

  • Business
  • Bloomberg

Israel Preparing Strike on Iran's Nuclear Facilities According to Report

Oil jumped following a CNN report that new US intelligence suggests Israel is preparing for a potential strike on Iranian nuclear facilities. Brent crude rose above $66 a barrel while West Texas Intermediate surged as much as 3.5% before paring gains. It wasn't clear that Israeli leaders have made a final decision on whether to carry out the strikes, CNN said, citing unidentified officials. Oil has been volatile since last week on mixed headlines about the fate of Iran-US nuclear talks, which could pave the way for more barrels to return to a market that's expected to be oversupplied later in the year. An attack by Israel would hinder any progress in those negotiations and add to unrest in the Middle East, which supplies about a third of the world's crude. Golnar Motevalli, who leads our coverage of Iran joined Stephen Carroll and Valerie Tytel on Bloomberg Radio to discuss. (Source: Bloomberg)

Mystery Grows Over What Caused Crippling Spain Blackout
Mystery Grows Over What Caused Crippling Spain Blackout

Bloomberg

time03-05-2025

  • Business
  • Bloomberg

Mystery Grows Over What Caused Crippling Spain Blackout

Spain and Portugal were returning to some semblance of normality early Tuesday, with many questions remaining about what caused one of Europe's worst blackouts in years across the Iberian peninsula the previous day. Spanish power supplies were back to nearly 100% capacity at around 7 a.m. in Madrid, and urban trains were slowly returning to regular service, according to operators. Portugal said power has been restored for all users, and grid operator REN said the network is "perfectly stabilized." Service had already returned to homes across large parts of greater Lisbon by Monday night. Bloomberg Portugal Bureau Chief Sofia Horta e Costa joins Stephen Carroll and Lizzy Burden on Bloomberg Radio with the details. (Source: Bloomberg)

Black Box Recorders Found After 67 Killed In Plane Crash
Black Box Recorders Found After 67 Killed In Plane Crash

Bloomberg

time31-01-2025

  • General
  • Bloomberg

Black Box Recorders Found After 67 Killed In Plane Crash

The US Army Black Hawk helicopter that collided with a passenger jet over Washington on Wednesday evening was manned by an experienced three-person crew conducting a routine training flight over familiar territory, a service official told reporters Thursday. The recorders — often referred to as "black boxes" despite their orange color — are now at the NTSB labs for evaluation. Benedikt Kammel, who leads our global aviation coverage joins Stephen Carroll and Caroline Hepker with the latest on Bloomberg Radio. (Source: Bloomberg)

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