Keep pulling the thread on Bloomberg Surveillance.
The Trump administration has stated it will continue to escalate its conflict with Iran if the country does not enter into negotiations.
Iran is seeking to gain control over the Strait of Hormuz as a key concession in negotiations.
As part of negotiations, Iran is demanding a cessation of all military actions by the United States and Israel.
Iran is demanding the right to continue its uranium enrichment program as a condition of any negotiated settlement.
China is providing missiles and technology to Iran.
The United States has reportedly conducted military strikes on targets located on Iran's Karg Island, according to Axios.
Iran's Islamic Revolutionary Guard Corps (IRGC) derives 50% of its funding from oil revenues transiting through Karg Island.
An average oil price of $110 per barrel for the year is projected to reduce global economic growth by approximately one percentage point.
An average oil price of $110 per barrel is expected to cause a rapid pickup in global inflation.
If the current conflict continues, the European Central Bank and the U.S. Federal Reserve are likely to increase interest rates at their April 30th meetings.
The International Energy Agency (IEA) has described the current energy market disruption as the worst ever for the global economy.
The private credit market has not been tested by a significant credit cycle downturn for almost 20 years, since before 2008.