US Awaits Iran's Response; China Asks Banks to Pause New Refiner Loans |

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Bloomberg Brief 5/7/2026
US equity futures gain and Brent crude falls for a third straight day as the US awaits Iran's response to a proposed deal that would reopen oil flows through the Strait of Hormuz. China advises its largest banks to temporarily suspend new loans to refiners recently sanctioned by the US over their ties to Iranian oil. Sitara Sundar of JPMorgan Private Bank discusses concentration risks in equities and the Fed's rate path.

Chapters:
00:00:00 - Bloomberg Brief
00:00:56 - Global Market Check
00:03:42 - First Look Movers
00:11:08 - Trending on the Terminal
00:16:37 - BlackRock’s Rieder on Geopolitical Risk
00:19:12 - Front Page News
00:22:24 - First Look Movers
00:23:52 - Sitara Sundar, JPMorgan Private Bank Head of Alternative Investment Strategy
00:31:03 - Trending on the Terminal
00:41:13 - What to Watch
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