# September 27, 2026: Iran Tensions Boost Oil, US-China Release Tariff Cut Lists, More

An episode of [Bloomberg News Now](https://invisiblenetwork.ai/podcast/1701403307), 28 Sep 2026, 6:14.

Audio: https://podtrac.com/pts/redirect.mp3/tracking.swap.fm/track/UVBrz8bN8aM2Xe47PEPu/traffic.omny.fm/d/clips/e73c998e-6e60-432f-8610-ae210140c5b1/d9566f78-0464-4367-9dcc-b05700aeec6f/2bc511f2-ba61-4f4c-9b0b-b4d30036306b/audio.mp3?utm_source=Podcast&in_playlist=7f880b3c-7f67-4b4b-b520-b05700af9172

Listen for the latest from Bloomberg News See omnystudio.com/listener for privacy information.

## Transcript

[0:01] Speaker 1: News when you want it with Bloomberg News. Now, I'm
[0:03] Speaker 1: Doug Krisner. Crude oil prices are trading higher at this hour.
[0:07] Speaker 1: This is after President Trump rejected a seven day proposal
[0:10] Speaker 1: from Iran to reopen the Strait of Hormuz. Here is U.S.
[0:14] Speaker 1: Ambassador to the U.N. Mike Waltz speaking on NBC's Meet
[0:17] Speaker 1: the Press.
[0:18] Speaker 2: You know, this was, I think, a pretty cynical attempt
[0:22] Speaker 2: to put something on the table that that they knew
[0:24] Speaker 2: was unacceptable. To ask for the release of the blockade,
[0:30] Speaker 2: the sanctions, international sanctions, and access to billions in assets
[0:36] Speaker 2: just to talk when we entered into a memorandum of
[0:40] Speaker 2: agreement just a few months ago when it was immediately
[0:42] Speaker 2: violated by attacking international shipping. I think it's kind of
[0:46] Speaker 2: common sense that the president doesn't have a lot of
[0:48] Speaker 2: confidence this time.
[0:49] Speaker 1: That is U.S. Ambassador to the U.N. Mike Waltz speaking
[0:52] Speaker 1: on NBC's Meet the Press. Meantime, Axios reports President Trump
[0:57] Speaker 1: is expecting negotiations to resume this week. In Iran, Foreign
[1:01] Speaker 1: Minister Abbas Arachi said Tehran is prepared to resume fighting,
[1:06] Speaker 1: although it's not yet abandoned diplomacy. Here is Arachi speaking
[1:09] Speaker 1: on NBC's Meet the Press.
[1:11] Speaker 3: We stand firm in the face of any aggression against us,
[1:14] Speaker 3: even if it comes to a doomsday war. At the
[1:17] Speaker 3: same time, we are ready for diplomacy. But, and now,
[1:21] Speaker 3: there is a very reasonable plan on the table. If
[1:25] Speaker 3: they reject it with no reason, this is their fault.
[1:30] Speaker 3: And I have to say that although we heard from
[1:32] Speaker 3: President Trump that he is rejecting this deal, but we
[1:34] Speaker 3: are still waiting for an official response through the media.
[1:37] Speaker 1: That is Iranian Foreign Minister Abbas Sarachi speaking on NBC's
[1:41] Speaker 1: Meet the Press.
[1:42] Speaker 4: The U.S.
[1:43] Speaker 1: And China have released a list of products recommended for
[1:46] Speaker 1: reduced tariff treatment on a reciprocal basis. This includes lower
[1:50] Speaker 1: tariffs on roughly $ 30 billion in goods imported into each country.
[1:55] Speaker 1: And the two sides also agreed to establish an agriculture
[1:58] Speaker 1: working group. that will meet before the end of the year.
[2:01] Speaker 1: Here is Dan Wang, China director at the Eurasia Group.
[2:05] Speaker 5: Last year was really the turning point. As soon as
[2:08] Speaker 5: Trump launched the Liberation Day tariff, actually he realized the
[2:12] Speaker 5: trade sanction didn't work on China. So this year, if
[2:15] Speaker 5: you look at what the U.S. side has been demanding,
[2:18] Speaker 5: it's essentially all those short-term purchase agreements that they hope
[2:21] Speaker 5: China could comply. But from the China side, these are
[2:24] Speaker 5: just a short-term concession they could make. Their focus is
[2:27] Speaker 5: more on the long-term strategy, like the positioning of the China-U.S.
[2:30] Speaker 5: relation and the Taiwan issue.
[2:32] Speaker 1: That was Dan Wong, China Director at the Eurasia Group. Meantime,
[2:37] Speaker 1: President Trump and Xi Jinping will reportedly meet two more
[2:40] Speaker 1: times this year after last week's summit in Washington, the
[2:44] Speaker 1: FT saying the presidents will meet at the Asia-Pacific Economic
[2:48] Speaker 1: Cooperation Forum in Shenzhen in November and the G20 meeting
[2:53] Speaker 1: in Miami in December. In the UK, five men have
[2:57] Speaker 1: been arrested near an airbase used by the United States.
[3:00] Speaker 1: The London Metropolitan Police received a call overnight related to
[3:04] Speaker 1: three suspicious vehicles traveling toward RAF Fairford. It is a
[3:09] Speaker 1: UK-owned base operated by the US, and it's been used
[3:12] Speaker 1: in the strikes against Iran. Authorities are investigating whether there
[3:16] Speaker 1: has been any involvement on the part of the Iranian state. Now,
[3:20] Speaker 1: the suspects were arrested on suspicion of offences under the
[3:23] Speaker 1: UK's Explosives Act. They were separately arrested on suspicion of
[3:28] Speaker 1: preparing a terrorist act. Here is councillor for Cotswold District,
[3:33] Speaker 1: Tristan Wilkinson.
[3:34] Speaker 6: There was a specific threat about six weeks ago from
[3:36] Speaker 6: the Iranians on this base at the time. There was
[3:40] Speaker 6: an increased surveillance around the area. This is an operational base.
[3:45] Speaker 6: It's no secret that we have American bombers here that
[3:50] Speaker 6: are taking part in what's happening in the Middle East
[3:52] Speaker 6: at the moment.
[3:53] Speaker 1: That is Tristan Wilkinson, councillor for Cotswold District in the UK. Now,
[3:58] Speaker 1: British authorities say the investigation is ongoing and a different
[4:02] Speaker 1: motive could emerge. Meantime, President Trump hailed the arrest and
[4:06] Speaker 1: he suggested the suspects had been under investigation by both
[4:10] Speaker 1: British and US authorities. President Trump says he's looking very
[4:14] Speaker 1: seriously at implementing a US ban on diesel fuel exports
[4:18] Speaker 1: as a way of combating higher prices.
[4:21] Speaker 2: Thinking about it very seriously, that can oftentimes lead to
[4:23] Speaker 2: a little bit of an increase on gasoline for cars.
[4:27] Speaker 1: Trump's remarks come after members of his administration continue to
[4:30] Speaker 1: focus on other possible steps. Meantime, oil industry CEOs are
[4:34] Speaker 1: pushing for a suspension of the federal diesel fuel excise tax.
[4:39] Speaker 1: They say it would ease prices without creating the drawbacks
[4:42] Speaker 1: of an export ban. We have seen a series of
[4:45] Speaker 1: high-profile security breaches carried out by cutting-edge AI models. On Friday,
[4:50] Speaker 1: OpenAI said it notified dozens of organizations whose websites may
[4:55] Speaker 1: have been hampered during OpenAI's evaluations of its technology. And
[5:00] Speaker 1: now OpenAI says it's paused training and evaluation of its
[5:03] Speaker 1: most advanced models. President Trump is having dinner this evening
[5:07] Speaker 1: with Anthropic CEO Dario Amadei. Trump said he planned to
[5:11] Speaker 1: discuss Amadei's recent calls for slowing down the pace of
[5:15] Speaker 1: new AI development. And this dinner comes ahead of a
[5:18] Speaker 1: meeting on Tuesday between administration officials and leaders of the
[5:22] Speaker 1: big AI firms. A rare September nor'easter forced the cancellation
[5:27] Speaker 1: of hundreds of flights. This storm slammed coastal towns stretching
[5:31] Speaker 1: from the mid-Atlantic to New England over the weekend. Here
[5:34] Speaker 1: is Bloomberg meteorologist Craig Allen.
[5:37] Speaker 4: This has been a stormy 48 hours, and it may
[5:40] Speaker 4: take another 24 to 36 hours before we could start
[5:43] Speaker 4: drying out. The nor'easter is going to weaken today, but
[5:46] Speaker 4: it is also going to stall. and then loop once
[5:49] Speaker 4: or twice before heading out to sea Tuesday.
[5:52] Speaker 1: That is Bloomberg meteorologist Craig Allen. Meantime, in Hawaii, Hurricane
[5:56] Speaker 1: Nolo is gaining speed as it moves away from the
[5:59] Speaker 1: Big Island. This is the third hurricane to impact the
[6:02] Speaker 1: Hawaiian islands within the last few weeks. And that is
[6:06] Speaker 1: news when you want it. With Bloomberg News Now, I'm
[6:08] Speaker 1: Doug Krisner, and this is Bloomberg.

Shows are listed from Apple Podcasts' charts and directory, and Podcast Index where it is used. Every show and episode belongs to its publisher and plays from the publisher's own feed; this site hosts none of them.