Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Iran and Israel appeared to be nearing a pause in their 12-day war after President Donald Trump announced a surprise ceasefire in a conflict that saw key Iranian military leaders and scientists killed, US bombing of Iranian nuclear sites and a salvo of missiles launched at Qatar.

(2) An attack on a US air base near Doha on Monday that Iran billed as a retaliation to American airstrikes ordered by President Donald Trump ended with missiles were intercepted in the air, and no one was killed or hurt. The Qataris knew the missile barrage was coming. So did the Americans. The Iranians had told them.

(3) Oil extended a slump as US President Donald Trump announced a tentative ceasefire between Iran and Israel.

(4) UK Prime Minister Keir Starmer will vow to spend 5% of British economic output on security by 2035, embracing an ambitious NATO target sought by President Donald Trump without providing a path on how to get there.

(5) The European Union and Canada have signed a security partnership that moves them closer to cooperation on military purchases, as Prime Minister Mark Carney aims to reduce his country’s dependence on the US for defense.

(6) UK Prime Minister Keir Starmer welcomed a three-year program by Amazon.com Inc. to invest £40 billion ($54 billion) in the British economy over the next three years, including opening four new warehouses.

Podcast Conversation: Ireland Sees Thousands of Jobs at Risk From US Pharma Tariffs and Stephen meeting Ireland's Finance Minister

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) The unprecedented US airstrikes on Iran have set traders and governments worldwide on edge, as the Islamic Republic warns of retaliation and Israel shows no sign of letting up in its assault.

(2) Iran warned there would be consequences for US strikes on its key nuclear sites and said it “reserves all options,” while showing restraint in its initial response.

(3) The US State Department issued a “Worldwide Caution” alert for American citizens, flagging the potential of travel disruptions and demonstrations following the US strikes on Iranian nuclear facilities.

(4) Oil jumped after the US struck Iran’s nuclear sites, stoking concerns that energy supplies from the Middle East could be disrupted.

(5) Two supertankers, each capable of hauling about 2 million barrels of crude, U-turned in the Strait of Hormuz after US airstrikes on Iran raised the risk of a response that would ensnare commercial shipping in the region.

(6) The UK said its military wasn’t involved in American air strikes on Iran, although a cabinet minister expressed support for their results

Podcast Conversation: To a President With a Midnight Hammer, Everything Is a Nail, The US Has Two Paths in Iran. Tehran’s Clerics Will Decide Both.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

• In the US – a look ahead to U.S GDP and personal spending data and Nike earnings.
• In the UK – a look ahead to TheCityUK's annual conference.
• In Asia – a look ahead to Bloomberg’s China economic survey.
  
  
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  Guests:
  
  -Michael McKee, Bloomberg International Economics and Policy Correspondent, to preview next week's U.S GDP/personal spending data.
  
  - Poonam Goyal, Senior U.S. E-Commerce and Retail Analyst at Bloomberg Intelligence, to preview Nike earnings.
  
  -Leo Kehnscherper, Bloomberg European Asset Management Reporter, looks ahead to TheCityUK's annual conference.
  
  -Julian Harris, UK Economics Editor, looks ahead to TheCityUK's annual conference.
  
  - Eric Zhu, China Economist for Bloomberg Economics, discusses Bloomberg’s China Economic Survey.
  
  -Karishma Vaswani, Bloomberg Opinion Columnist in Singapore, discusses her column: “US Rethink on Australia Subs Is China’s Win.”

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