US, Iran Forces Clash; Trump's 10% Tariffs Deemed Unlawful; Jobs Day | Bloomberg Brief 5/8/2026

Oil wavers after the US and Iran clash near the Strait of Hormuz as Washington awaits Tehran's response for a potential deal to end the war. A federal trade court declares President Trump's 10% global tariffs unlawful. Veronica Clark of Citi looks ahead to the April payrolls report. (Source: Bloomberg)