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Oil Climbs on Middle East, Japan Earnings Outlook | Bloomberg Daybreak: Asia Edition
Posted
August 7, 2026
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August 7, 2026
806
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13:17Now PlayingBusiness and finance news from the Asia-Pacific.
Oil extended gains after a report that Iran attacked “hostile targets” in the Strait of Hormuz, with Tehran seeking to bar US ships from the critical waterway in a deal with Oman. Higher energy prices revived concerns that the Federal Reserve may need to keep interest rates elevated. Bloomberg's Haidi Stroud-Watts spoke to Lori Calvasina, Head of US Equities Strategy at RBC Capital Markets.
Plus - Japan had a slew of corporate earnings, Bloomberg's Shery Ahn spoke to Rie Nishihara, Chief Japan Equity Strategist at JPMorgan Securities.
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