[Applause] So, I'm one of those odd people who really enjoys the challenge of navigating high stress situations. So maybe it's not a surprise that I ended up in a highintensity, high compassion occupation that also carries a risk of verbal and physical assault that is four times higher than that of your average prison guard. I'm an acute care nurse. And over the last 25 years, I've navigated thousands of emotionally charged life ordeath conversations. I'd like to bring you with me to the ER for a moment. So ...

Now that Iran attacked the US military base in Qatar, what comes next for the Middle East. Well, joining us now is Richard Hos, president emeritus at the Council on Foreign Relations. He's also a senior counselor with Centerview Partners.Richard, it's great to have you back on the show. Welcome. I'm going to ask you the same question I just asked Mark Esper, and that is this attack, which seems to be pretty limited and pretty well intercepted uh on Aluded in Qatar.Does this now provide an off-ramp rather th ...

Charles, is even though this was a missile attack, was it considered or should we consider it a deescalation. I know it sounds weird and a little ridiculous to say the missile attack is a deescalation, but that that appears to be how some of our guests and the markets are reacting to this. You know, I think it's too soon to tell because these strikes that the Iranians are taking against US bases are are still ongoing.But at least as far as we know, they called in advance. They said, you know, here it comes. ...

All right, here's what's interesting, folks. We've got the price of oil falling fast. In fact, crude oil here and crude oil that's traded around the world is down a couple of percent.For more on the latest developments, bring in CBC contributor and RBC head of global commodities markets, Hale Lima Croft. Hale Lima, are you surprised that oil is not only down but down so much. Down this much.I think it's a combination of President Trump tweeting that he wanted, you know, drill, baby drill, lower oil prices, ...

So how are European powers responding to the US airstrikes. How much unity is there amongst EU leaders at this point. Yeah. Yeah.So listen, Tom, over the last week we've heard a lot from European leaders and generally speaking, this sort of message has been in the message over the last 24 hours is de-escalate diplomacy has got to be the way forward. This is not going to end through military action. This needs to end basically through diplomacy.You know, we had that sort of message made in very different way ...

Have you been briefed by the administration on this. And do you think that the US needs to get involved in a more direct way. No. Uh no and no.The United States, our involvement should be to help deescalate, to help deconlict. uh we should be encouraging both parties to back off, to calm down, not trying to throw more fuel on the fire and see if we can expand the conflict in the Middle East and drag America into another endless war in that region. Uh, I remind everyone, Constitution of the United States, th ...

President Trump is cutting short, as we've just mentioned there, the G7 summit in Canada, hours after he took to social media to call for the evacuation of Iran's capital, Tehran. Now, why are you leaving the G7 early to Washington. I have to be back.Very important. Let's bring in our panel now. Our team, really,, Bloomberg desk editor Jill Disis, joining us for the G-7 summit as well is our Bloomberg correspondent David Gura.Jill, I'll start with you on the latest in Iran. We're hearing that there might be ...

Prime Minister, just as you're about to leave for the G7, Israel's carried out what it describes as a preemptive strike on it on Iranian nuclear targets, 200 fighter jets, more than 300 bombs, the sight struck, including homes. Would you say Israel is justified in the action it's taken. Well, I'm very concerned um about the situation that is developing and um it's obvious that for a long time we've had grave concerns about the nuclear program that Iran is putting together and we absolutely recognize Israel' ...

W it is it is obviously a rapidly evolving situation ehm and this was a unilateral action by Israel. Ehm so I think it is nu crucial for many allies including the United States to work as we speak to deescalate. I know they're doing that eh and I think that is now the first order of the day.y. ...