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 Good morning. Oil soars as escalating attacks in the Persian Gulf threaten long-term damage to major energy sites. Happiness is... living like a Finn. And Tina Turner meets ABBA. Listen to the day's top stories. — Angela Cullen
Brent crude spiked toward $120 a barrel and European natural gas rose as much as 35% as escalating attacks in the Persian Gulf threatened long-term damage to major energy sites. Donald Trump distanced himself from Israel's attack on Iran's prized South Pars gas field, which is shared with Qatar. A Qatari complex housing the world's largest liquefied natural gas export plant suffered extensive damage. Keep abreast of the latest developments in our live blog. Weeks of war are reshaping the global gas market for years to come. Here's a list of energy infrastructure damaged in the conflict. Oil prices are also skyrocketing, yet the rally is uneven, sparking some of the widest gaps between US crude and the rest of the world in years. Seeing opportunity? Be careful. Complacent investors who assume there will be a swift resolution are making a high-risk bet, according to strategists at JPMorgan.  The FBI is investigating former counterterrorism chief Joe Kent for allegedly leaking classified information, a person familiar said. The inquiry has been underway for months and continued after Kent quit this week in protest over the US war with Iran, the person said. Kent said he couldn't support "sending the next generation off to fight and die in a war that serves no benefit to the American people." Trump rejected that assessment and said he'd long disagreed with Kent's views. Congressional Democrats walked out of a briefing with Attorney General Pam Bondi and her deputy Todd Blanche intended to cover the DoJ's handling of files related to sex trafficking investigations of Jeffrey Epstein, dismissing it as a "fake hearing." In other Congress news, Rand Paul, who's overseeing hearings on Markwayne Mullin's nomination to lead Homeland Security, blasted him for "anger issues," leaving Trump's pick with little room for error as he navigates a thorny confirmation process.  Mack drives with the ball for the Georgetown Hoyas in a game against the Villanova Wildcats in the 2026 Big East tournament. Photographer: Sarah Stier/Getty Images/Getty Images North America Harvard isn't exactly known for producing championship-caliber basketball teams or top NBA draft picks, but the transfer portal is transforming Ivy League teams into proving grounds for players seeking NCAA tournament titles and pro fame. Just ask Malik Mack, one of a small but growing cohort who've used standout early careers in the Ivies as a springboard. The Big Take Invisible presence. Thousands of seafarers are effectively trapped on board ships on either side of the Strait of Hormuz, where they face the constant threat of attacks and have to navigate in a fog of electronic warfare, often blind to the position of other vessels. Deep Dive: Happiness Is? A kayaker paddles through one of Finland's 188,000-plus lakes. Living like a Finn. Finland is once again the world's happiest country, according to the World Happiness Report for 2026, its ninth year on top.
Opinion Jerome Powell. Photographer: Bloomberg Jerome Powell is staying put, and that's very good news for the Fed's independence and integrity, Jonathan Levin writes. It's also crucial for the long-term health of the economy. More Opinions Play Alphadots!Our daily word puzzle with a plot twist.  Today's clue is: Collection of seeds arranged in early spring? Before You Go Tina Turner performs at the Poplar Creek Music Theater, Illinois, in 1987. Photographer: Paul Natkin/Getty Images/Archive Photos Simply the best music deal? Tina Turner's superhits were sold to Swedish music investor Pophouse, helmed by Bjorn Ulvaeus (of ABBA fame), for an undisclosed amount. What's money got to do with it? A Couple More Bloomberg House arrives in Miami at the Formula One Grand Prix. Set against one of the world's most electrifying sporting events, we bring together business, investment, real-time data and Bloomberg journalism to fuel forward-looking discussions, as well as exclusive networking. Register here. More From BloombergEnjoying Morning Briefing Americas? Get more news and analysis with our regional editions for Asia and Europe. Check out these newsletters, too:
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