Oil Climbs as US, Iran Remain At Impasse; Bessent in Asia | Bloomberg Brief 5/11/2026

Oil rises and equities waver as the US and Iran reject each other’s latest peace proposals. US Treasury Secretary Scott Bessent heads to Japan ahead of the Trump-Xi summit later this week. UK Prime Minister Keir Starmer says he won’t abandon the responsibility of leading the country after a sweeping defeat of his party in the local elections. Jane Foley of Rabobank dissects the market reaction to Starmer's speech. Matt McLennan of First Eagle Investments discusses the AI boom. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X:   / bloombergtv   Facebook:   / bloombergtelevision   Instagram:   / bloombergtv   Connect with Bloomberg Business on: X:   / business   Facebook:   / bloombergbusiness   Instagram:   / bloombergbusiness   TikTok: https://www.tiktok.com/@bloombergbusi... Reddit:   / bloomberg   LinkedIn:   / bloomberg-news   More from Bloomberg: Bloomberg Radio:   / bloombergradio   Bloomberg Surveillance:   / bsurveillance   Bloomberg Politics:   / bpolitics   Bloomberg Originals:   / bbgoriginals   Watch more on YouTube: Bloomberg Technology:    / @bloombergtechnology   Bloomberg Originals:    / @business   Bloomberg Quicktake:    / @bloombergquicktake   Bloomberg Espanol:    / @bloomberg_espanol   Bloomberg Podcasts:    / @bloombergpodcasts