Big Take

The Strait of Hormuz is now open. In a social media post Friday morning, Iran’s Foreign Minister wrote that Iran will be letting ships through the vital waterway for the duration of a 10-day ceasefire in Lebanon. Oil prices fell, and President Trump celebrated. But Iran’s announcement came with a big caveat: Travel must use a “coordinated route,” specified by Iran.
On today’s Big Take, host David Gura and Bloomberg’s Middle East breaking news editor, Patrick Sykes, talk through Iran’s dramatic reversal, how open the Strait of Hormuz really is — and how long the latest ceasefire might hold.
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Hosted by David Gura; Produced by Rachael Lewis-Krisky and David Fox; Reported by Patrick Sykes; Edited by Tracey Samuelson.
Fact-checking by Eleanor Harrison-Dengate and Laura Newcombe; Engineering by Alex Sugiura.
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.
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The atmosphere was grim at this week’s IMF and World Bank spring meetings, as global central bankers grappled with economic shocks from the war in Iran, AI and mounting debt.
On today’s Big Take podcast, host David Gura sits down with Stephanie Flanders — Bloomberg’s head of Economics and Politics and host of Trumponomics — and senior economic writer Shawn Donnan to discuss the IMF’s revised global growth forecast and whether governments are equipped to contain the next economic crisis.
Read more: The World’s Anti-Recession Guardrails Are Weaker Than Ever
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Hosted by David Gura; Produced by David Fox; Reported by Stephanie Flanders and Shawn Donnan; Edited by Jeffrey Grocott.
Fact-checking by Eleanor Harrison-Dengate; Engineering by Katie McMurran
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.
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President Trump’s One Big Beautiful Bill Act brought about a host of changes to US tax policy, from tax breaks on tips and overtime to an increased cap on state and local tax deductions, also known as SALT. But are Americans feeling the shifts on tax day?
On today’s Big Take podcast, host David Gura and Bloomberg reporter Ben Steverman dig into how the president’s second-term tax provisions are playing out, and what a lower-than-expected increase on the average return could mean for the Republican Party heading into midterms later this year.
Read more:
The Salary Penalty: Why Trump’s Tax Bill Hits a Banker Harder Than a Plumber
Tax Refunds Are Up, But Many Americans Aren’t Feeling It
People Are Using Claude to Do Their Taxes (But Maybe They Shouldn’t)
Further listening: Taxes Are Due Soon. Should the Rich Pay More?
We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.
Hosted by David Gura; Produced by Rachael Lewis-Krisky; Reported by Ben Steverman; Edited by Aaron Edwards.
Fact-checking by Laura Newcombe; Engineering by Alex Sugiura.
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.
See omnystudio.com/listener for privacy information.

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The ceasefire between the US and Iran is set to expire next week and the US is trying a different tactic to pressure Iran into a deal: a naval blockade.
On today’s Big Take podcast, Bloomberg Economics defense lead Becca Wasser and Bloomberg Middle East Breaking News editor Patrick Sykes join Sarah Holder to break down how the US’s naval blockade of the Strait of Hormuz works, what could happen if it’s tested and how this latest pressure move could influence another round of Iran-US peace talks.
Hosted by Sarah Holder; Produced by David Fox; Reported by Becca Wasser and Patrick Sykes; Edited by Paddy Hirsch.
Fact-checking by Rachael Lewis-Krisky and Laura Newcombe; Engineering by Alex Sugiura.
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.
See omnystudio.com/listener for privacy information.