Bloomberg News Now May 31, 2025: Witkoff: Hamas Answer Unacceptable, OPEC+ Will Surge, More
Jun 1, 2025
Tensions rise as Hamas rejects a U.S. truce proposal, impacting regional stability. Meanwhile, OPEC is poised to increase oil output despite declining demand from China. The podcast also delves into notable denials in international affairs, including a drug allegation by a prominent entrepreneur. Exciting advancements in space tourism and anticipated shifts in NASA leadership are highlighted. Additionally, discussions about a significant Middle Eastern investment depend on U.S. approval, alongside quick updates from recent golf tournaments.
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Hamas Rejects U.S. Truce Proposal
- Hamas rejected the U.S. truce proposal, mainly over truce length and Israeli withdrawal terms.
- U.S. envoy Steve Witkoff insists Hamas must accept the original framework for talks to proceed.
OPEC+ Increases Oil Production
- OPEC+ plans a third consecutive month surge in oil output despite Russia's reservations.
- This shift aims to drive oil prices down amid slowing demand, especially in China.
Elon Musk Denies Drug Use
- Elon Musk disputes New York Times claims of drug use, clarifying he tried ketamine years ago only briefly.
- He emphasizes he hasn't used it since and calls the report false.