Iran War: Trump Pledges Safe Mideast Oil Transit & Threatens Spain | Daybreak Europe 3/4/2026

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, oil extended gains as fresh attacks flared in the Mideast and traders weighed Donald Trump’s plan to insure and escort tankers passing through the Strait of Hormuz.

Asian stocks plunged the most in a year, led by the biggest South Korean crash ever as the Iran conflict stokes inflation fears.

The US President says he’ll “cut off all trade with Spain” after the country denied access to its military bases for his bombing campaign against Iran.

Today’s guests: Bilfinger CEO Thomas Schulz & International Crisis Group Iran Project Director and Senior Adviser Ali Vaez

Chapters:
00:00:00 – Daybreak Europe – 3/4/2026
00:02:59 – Panic Sweeps Korean Stocks
00:05:16 – Dubai Stocks Fall As Trading Resumes
00:08:10 – Israel Attacks Clerical Body Meant To Choose Iran’s Next Leader
00:13:25 – Trump: We’re Cutting Off All Trade with Spain
00:16:38 – Bilfinger Group CEO Thomas Schulz
00:22:44 – Stocks Tumble As iran Concerns Mount
00:26:16 – Front Page News
00:27:31 – Iraq Starts Huge Oil Cuts As Storage Fills
00:29:45 – Vaez: Khamenei Death Will Not Bring Regime Change
00:35:40 – Carney Says Middle East War Shows Failure Of Rules-Based Order
00:36:17 – France To Deploy Aircraft Carrier to Mediterranean
00:38:03 – China Calls On All Sides To Protect Ships In Hormuz
00:41:01 – Exclusive: Rachel Reeves
00:43:50 – Risk Rallies on US Guarantees | Chart Talk
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