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Trump Takes Hard Line on Iran, China’s Xi to Skip UN Meeting | Bloomberg Daybreak: US Edition
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August 18, 2026
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15:41Now PlayingToday's top stories, with context, in just 15 minutes.
On today's podcast:
1) President Trump said he won’t try to revive a stalled truce with Iran, leaving the simmering conflict in the Middle East and a tussle for control of the Strait of Hormuz stuck in limbo. A memorandum of understanding the US and Iran signed in June that gave them a 60-day window to negotiate a lasting peace deal technically expired Monday, and when Trump was asked if he would seek an extension, he replied: “No.” The ceasefire had been repeatedly violated in any event, with intermittent clashes continuing, and both sides had declared it defunct. Brent crude climbed Tuesday - by its highest level in more than three weeks - as prospects dimmed for a swift reopening of Hormuz, through which a fifth of the world’s oil and gas transited before the war. Trump is demanding that free passage through the waterway be restored, while Iran said it will govern traffic in conjunction with Oman.
2) Jared Kushner assured Prime Minister Benjamin Netanyahu that the Israeli army won’t be compelled to withdraw from Gaza until Hamas disarms, an official with knowledge of the talks said, a stance that will dim hopes for a Gaza peace deal anytime soon. Kushner met with Netanyahu in Jerusalem on Monday, a day after holding talks with a Hamas leader in Egypt. The US and Israel agreed there would be no Israel Defense Forces redeployment from Gaza until Hamas is fully disarmed and all of Gaza is demilitarized, according to the Board of Peace official, who asked not to be identified discussing private deliberations. Those conditions are likely to be rejected by Hamas, which has insisted that Israel withdraw from Gaza before it gives up its weapons.
3) Chinese leader Xi Jinping will forgo a stop in New York to address the UN General Assembly during a trip to the US next month to meet President Donald Trump, Politico reported. Politico cited four people familiar with the matter whom it didn’t identify. Xi plans to visit the US for three days, meeting Trump on Sept. 24, one of the people said. There’d been speculation that Xi would join other world leaders at the UN meeting as part of his US visit. Trump invited Xi to visit during his trip to Beijing in May. The two sides used their spring summit to steady ties that had deteriorated over trade, tech, Taiwan and other issues.
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