US Lifts Sanctions on 140 Million Barrels of Iranian Oil

The US has allowed the sale of Iranian oil and petrochemical products that have been loaded onto tankers, its latest effort to counter rising oil prices due to the Middle East war. This comes as the US military said it has been able to degrade Iran’s ability to target ships moving through the Strait of Hormuz as President Donald Trump floated the idea of “winding down” military efforts in the Persian Gulf. On today's show, Bloomberg This Weekend hosts David Gura and Christina Ruffini speak with: - Glenfarne Group CEO and Founder Brendan Duval on the state of the oil and natural gas markets, as Iran attacks an LNG complex in Qatar. - Ambassador Ernesto Soberón Guzmán, Cuba's Envoy to the United Nations, on President Trump's threats amid a de facto oil blockade that’s left Cuba struggling to provide basic services. - Andy Weir, author of Project Hail Mary, on his bestselling novel-turned-blockbuster. Plus, David, Christina, and Lisa Mateo play Pointed: The News Quiz for Risk Takers. For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video.See omnystudio.com/listener for privacy information.