Oil Climbs With Iran Pessimistic About Trump Deal Before US Midterms

Posted on 09/29/2026
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Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from Brussels, 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.

Global equities slid to a one-week low as surging oil prices and mounting bets on further Federal Reserve interest-rate hikes drove Treasury yields to multi-year highs.

Iranian officials have privately expressed pessimism about reaching a deal to end hostilities with Washington and reopen the Strait of Hormuz before US midterm elections in November, according to people familiar with the matter.

And UK Prime Minister Andy Burnham will set out his pitch for honest political debate as the antidote to populism at the UK Labour Party Conference, as he reveals his plans for taking on thorny issues, from Britain’s expensive social care system to its creaking water infrastructure.

Today guest: Sunaina Sinha Haldea, Raymond James, Private Capital Advisory Global Head.



Chapters:

00:00:00 - Daybreak Europe

00:06:56 - Oil Extends Gain in Iran Uncertainty

00:09:55 - Iran Officials Pessimistic About US Deal Before Midterms

00:11:54 - Andy Burnham Vows 'Clear Vision' to Tackle UK's Thorniest Challenges

00:15:27 - OpenAI Holds Back Version of Astra AI Model

00:18:46 - OpenAI Scraps Release of New AI Model Over Safety Concerns

00:22:54 - Treasuries Selloff Deepens as Trump Spurns Iran’s Latest Offer

00:31:14 - Sunaina Sinha Haldea, Raymond James, Private Capital Advisory Global Head

00:38:56 - Europe's LNG Inventories Lowest Ever for This Time of Year

00:43:27 - Trump Slams UK Move to Release Airbase Suspects

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