Iran Seeks to Bar US & Israeli Ships from Hormuz | Daybreak Europe 8/7/2026

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, Iran wants to bar US and Israeli ships from crossing the Strait of Hormuz, according to Iranian media reports on a proposed deal being discussed by Iran and Oman. The semi-official Fars news agency says Iran also wants hostile countries to pay to be allowed to sail through the strait. European natural gas jumped following those reports.

Bond yields rose as the uncertainty in the Middle East raised inflation expectations. Traders now await the US jobs report for clues on the path ahead for interest rates.

Plus, the CEO of Rheinmetall has hit out at the German government over its decision to scrap a €10 billion naval contract. Germany’s biggest defense company cut its sales forecast after losing the deal.

Today’s guest: Madeleine Ronner, DWS, Senior Global Equities Portfolio Manager

Chapters:
00:00:00 – Daybreak Europe 8/7/2026
00:03:38 – Houthis Hit Saudi Territory
00:07:55 – Asian Stocks To Slip On Iran Concerns
00:11:08 – July US Jobs Report Preview
00:15:08 – Apollo To Buy EasyJet
00:19:23 – North Korea’s Rapid GDP Growth
00:21:26 – Top Stories: Hong Kong Gold Stockpiles
00:25:23 – Front Page News
00:26:40 – Europe’s Best Earnings Since 2023
00:34:06 – Exclusive: Rheinmetall CEO Armin Papperger
00:41:56 – Top Corporate News: Allianz, Jane Street, Meta, OpenAI
00:44:07 – Chart Talk
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