Bloomberg News Now: Markets React as Trump Orders Military Action in Hormuz

President Trump orders the U.S. military to target any boat laying mines in the Strait of Hormuz, escalating tensions with Iran and sending oil prices sharply higher. Bloomberg Economics’ Becca Wasser says the conflict has entered a new phase with “no war, but no peace.” Markets were mixed as Pimco’s $10 billion in Gulf lending came to light and shareholders approved the Warner Bros. Discovery–Paramount merger, which still faces regulatory scrutiny.
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