Iran War: Trump Says Blockade Having ‘Incredible’ Effect | Daybreak Europe 05/01/2026
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, President Donald Trump has doubled down on the US blockade of Iranian ports, saying it’s having an "incredible" effect and Iran’s "economy is crashing". Iran’s supreme leader has cast doubt on the chances of a deal, releasing a rare statement in which he said Iran would not give up its nuclear technologies.
And Apple issued a juicy revenue forecast for the third quarter, even as it warned that memory-chip costs will increase and that shortages of Mac computers will persist for “several months.”
The Bank of England and European Central Bank both held interest rates, but are considering hiking as soon as June to address inflation triggered by the Middle East conflict.
Today’s guests: Jane Kinninmont, United Nations Association UK, CEO; Jackie Bowie, Chatham Financial, Managing Partner & Head of EMEA.
Chapters:
00:00:00 – Daybreak Europe
00:01:25 – Trump Says Iran Blockade ‘Incredible’ as Pump Prices Keep Rising
00:06:57 – Oil Holds Weekly Gain as Trump Says Iran Blockade Is Working
00:10:41 – Yen Soars After Japan Intervened Following ‘Final’ Warning
00:12:53 – AI Debt Investors Show Fatigue After $300 Billion Binge
00:17:27 – Jane Kinninmont, United Nations Association UK, CEO
00:19:42 – Russia: UAE’s OPEC Exit Won’t Trigger Price War
00:22:09 – Fitch Warns US Debt Burden Is ‘Far Above’ Other AA Rated Nations
00:27:50 – ECB, BOE Edge Toward Rate Hikes
00:34:35 – Jackie Bowie, Chatham Financial, Managing Partner & Head of EMEA
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