May 11th, 2026
Oil Gains as Trump Signals Iran Deal On 'Life Support' | Bloomberg Businessweek Daily 5/11/2026
Bloomberg's Devika Krishna Kumar breaks down the latest movement in the oil markets as Trump throws cold water on hopes of a deal between the US and Iran. Then, Hardika Singh, economic strategist at Fundstrat, discusses the markets as stocks continue to trade higher despite risk from the war in Iran. Plus, Bloomberg Economics chief geoeconomics analyst Jennifer Welch previews Trump's trip to Beijing to meet with China's President Xi later this week. Finally, Angi CEO Jeff Kip talks his company's 'radical pivot' to AI.



