On today's show, Bloomberg looks at the Middle East conflict and how the US war effort is showing unexpected signs of strain against an adversary whose military budget is smaller than the GDP of Vermont - but which has an arsenal of missiles and drones unlike anything the US has ever faced. Oil prices held below $90 a barrel despite a Wall Street Journal report that the IEA proposed the largest crude reserve release in its history. It rebounded from lows after the White House acknowledged that a post from Energy Secretary Chris Wright was wrong in claiming an oil tanker had been escorted by the US Navy through the Strait of Hormuz. And Oracle shares rallied in extended trading after the company posted strong results and gave an outlook that suggested there is little letup in demand for AI computing. Today's guest: Michelle Wiese Bockmann, Windward, Senior Maritime Intelligence Analyst. (Source: Bloomberg)