News when you want it with Bloomberg News now.

I'm Monica Rix.

President Trump says Iran is ready to make a deal to end the war, but the U.S.

wants better terms.

The president didn't say what those terms were, but in a phone interview

with NBC, news, dismissed concerns about rising gas prices.

Trump also had Truth Social yesterday calling on other countries

to send warships to keep the Strait of Hormuz open.

Associated press correspondent Philip Crowther

is covering that from a region near the waterway in the United Arab Emirates.

What President Trump is doing, he's on, may be enticing other countries

to get involved in what would boil down to an international coalition of warships

to protect these ships going in and out of the Strait of Hormuz.

These are countries and companies that are very much affected

by a us-israeli war on Iran.

And China is number one there because such a huge percentage

of the oil that passes through the Strait of Hormuz goes to China.

AP reporter Philip Crowther on Bloomberg's this weekend.

You can watch it till 10 a.m. eastern.

Iran's foreign minister, meantime, has responded,

saying the straits only shut to ships from enemies

and oil loading operations at ports in the UAE have resumed following

drone strikes yesterday that forced a temporary halt to exports.

The war in Iran has been a big topic at the Indo-Pacific Energy

Security Ministerial and Business Forum in Tokyo, ahead of a meeting

between Japan's Prime Minister Takeuchi and President Trump this week.

Bloomberg's Laura Davidson is in Washington.

She has been quite critical of the US's stance in Iran.

Has questioning legality of these strikes,

and said she plans to have a very frank and stern conversation with Trump.

So this is, you know, kind of we're seeing a lot of posturing,

from allies, in the Indo-Pacific region looking to,

get in the good graces of the Trump administration with some of these deals,

but looking to take a stronger, firmer stance when it comes to geopolitics.

That's Bloomberg's Laura Davidson.

The two leaders are set to discuss Japan's $550 billion investment in the U.S.

here at home.

The chairman of the FCC is threatening to pull broadcasters licenses

now over how some networks are covering this war.

We get more on that from Bloomberg's Ed Kalegi.

FCC Chairman Brendan Carr has threatened broadcasters with cancellation

of their licenses if they did not correct course on news coverage.

Carr said in a social media post Saturday broadcasters that are running

hoaxes and news distortions, also known as the fake news,

have a chance now to correct course before their license renewals come up.

The law is clear broadcasters must operate in the public interest

and they will lose their licenses if they do not.

Carr posted his warning

on top of a post from President Trump complaining about coverage of the U.S.

Israeli strikes on Iran.

Ed Kalegi Bloomberg Radio Formula one has canceled

upcoming Grand Prix races in Bahrain and Saudi Arabia.

The races were supposed to happen in April but will not be rescheduled over

safety concerns.

The announcement coming ahead of the Chinese Grand Prix in Shanghai,

bringing the schedule down from 24 races to 22.

Slovo Greene

President Volodymyr

Zelensky celebrated soldiers to mark Volunteer Day in Ukraine.

Awards were presented to relatives on behalf of those killed in the war.

Following another night of Russian missile and drone attacks.

At least four people were killed in Kyiv.

In Washington, Senate Majority Leader John Thune wants lawmakers to consider

permitting and crypto bills after a Partizan battle over voter ID legislation.

Bloomberg's Amy Morris.

The Senate will hold an extended debate on President Trump's Save America

Act this coming week.

But right now, there isn't a path for the chamber to meet

the 60 vote threshold or go around the rules on the bill.

Thune says senators will have a full and robust debate before moving

to more bipartisan policy, what he calls economic and energy policy issues.

He says senators are working on a market structure bill on cryptocurrency

that he hopes will come out of committee soon,

and the chamber could then move on to overhauling permitting rules

for energy and infrastructure projects in Washington.

Amy Morris, Bloomberg Radio.

Nvidia's GTC conference kicks off tomorrow.

CEO Jensen Huang will deliver a keynote and attend a news conference.

Market watchers will be focused on some new product announcements,

demand trends and Nvidia's roadmap for next generation accelerators.

And that's news when you want it with Bloomberg News now.

I'm Monica Rix and this is Bloomberg.