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Bloomberg News Now: Oil Talks, Tanker Escorts, Ted Turner Dies, Fed Inflation Warning
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May 6, 2026
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5:19Now PlayingOil prices fall as the U.S. and Iran weigh a proposal to end the nearly ten‑week war, with discussions centered on a one‑page memorandum that could reopen the Strait of Hormuz. U.S. fuel exports hit a record 8.2 million barrels a day, while analysts warn Europe and the U.S. may hit storage “tank bottoms” within months. CNN founder Ted Turner has died at 87, remembered as a pioneering media mogul and philanthropist.
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