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Discussions from Bloomberg

Geopolitics

What should the U.S. do next after the fighter jet was shot down over Iran?

By Phil Stewart WASHINGTON, April 3 (Reuters) - A U.S. fighter jet has been shot down over Iran and a search-and-rescue operation is underway for any survivors, two U.S. officials told Reuters on Friday, in the first such known incident since the war began nearly five weeks ago. The Pentagon and U.S. Central Command did not respond to requests for comment. The prospect of U.S. pilots being alive and on the run inside Iran raises the stakes for the United States in a conflict that has struggled to win popular support among Americans, according to opinion polls

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Geopolitics

How do changes in Saudi oil production and pipeline flow affect our energy supply and prices?

By Enas Alashray and Yomna Ehab CAIRO, April 9 (Reuters) - Attacks on Saudi energy facilities have cut the kingdom's oil production capacity by around 600,000 barrels per day and the throughput on its East-West pipeline by about 700,000 bpd, Saudi state news agency SPA reported on Thursday, citing an official source at the energy ministry. The attacks, including previous strikes on some facilities, also disrupted operations at key oil, gas, refining, petrochemical and electricity sites in Riyadh, the Eastern Province and Yanbu Industrial City, SPA said

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Geopolitics

What are the best ways to ensure safe passage through the Hormuz Strait without using military force?

PARIS, April 2 (Reuters) - French President Emmanuel Macron said on Thursday it would be unrealistic to launch a military operation to force open the Strait of Hormuz, after U.S. President Donald Trump challenged U.S. allies to work towards reopening it. "Some people defend the idea of freeing the Strait of Hormuz by force via a military operation, a position sometimes expressed by the United States, although it has varied," Macron told reporters during a trip to South Korea

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Geopolitics

How can countries work together to promote peace and security in the Middle East while addressing trade concerns?

Here are the latest developments in the Middle East war: - Iran's Hormuz offer to Japan - Iran is willing to help Japanese ships sail the Strait of Hormuz, a vital route for global fuel supplies, Foreign Minister Abbas Araghchi told Kyodo News in an interview published on Saturday. In the telephone interview conducted on Friday, Araghchi denied closing the passageway, saying instead that countries attacking Iran face restrictions while others were being offered assistance. He added that Iran was prepared to ensure safe passage for Japan

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Economy

How should the government respond to the effects of the Iran war on the economy?

Federal Reserve chair Jerome Powell said the Fed is not yet at the moment when it needs to decide whether to "look through" the Iran war energy shock. What they're saying: "It's something we will eventually, maybe, face the question of what to do here. We're not really facing it yet because we don't know what the economic effects will be," Powell told introductory economics students at Harvard University on Monday morning. "We feel like our policy is in a good place for us to wait and see how that turns out." Powell said that the Fed has to consider the economic backdrop against which the shock is occurring. "The broader context is . we've been coming down close to 2% [inflation], post-pandemic, but we've never actually gotten and stayed at 2%," he said. But the Fed chair added that, at least for now, Americans' inflation expectations remain "well-anchored beyond the short term," putting less pressure on the central bank to act now.Powell also joked that maybe the students in the audience should tell him what to do, since they had just completed a problem set on how the Fed should approach such a supply shock. The intrigue: Powell was reluctant to give specific advice to his successor, Kevin Warsh, who is awaiting Senate confirmation. "I'll just say, in general . it's very, very important to stick to your knitting and stick to the things that were actually assigned," Powell said."There's always a time when an administration looks and says, 'It would be good to use [the Fed's tools] for something else,'" he said. "It happens all the time . but we have to be careful to stick to what we're doing." Answering a separate question from a student, Powell offered more insight into how he builds consensus at the Fed. "I think an underrated skill is in listening to people," he said. "If you listen to people, and you hear them . and they understand that you're actually listening to them, and not just communicating at them — for most of the people, most of the time, that's going

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