US & Iran in Hormuz Standoff, ASML's New Gear 'Too Expensive' for TSMC | Daybreak Europe 4/23/2026

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. On today's show, oil continues to move higher with the US and Iran locked in a battle for control of the Strait of Hormuz. The White House says it's still waiting for a new peace proposal from Iran, but has not set a deadline. The world's biggest chipmaker TSMC says ASML's latest machines are too expensive, dealing a blow to Europe's most valuable company. ASML's most cutting-edge chipmaking machines cost upwards of €350 million ($410 million). And, EU leaders meet in Cyprus to address the mounting pressures facing the bloc. Today's guest: Negah Angha, King's College London, Visiting Fellow. (Source: Bloomberg)