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, the US and Iran have clashed near the Strait of Hormuz, threatening the fragile ceasefire. President Trump says the truce is still in effect, and Iran needs to make a deal soon. The UK Prime Minister Keir Starmer awaits his fate, as early results from local elections paint an ugly picture for his ruling Labour Party. And Commerzbank has lifted its profit guidance for the year, as it steps up its defence against a hostile takeover attempt by UniCredit. Today's guests: Robert Hayward, Polling Analyst & UK House of Lords, Conservative Party Member and Maria Demertzis, European University Institute, Economic Policy Professor