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US officials reversed themselves and will now allow Nicolás Maduro and his wife to pay lawyers with Venezuelan funds as they defend themselves in the drug-trafficking case against them in New York.

Stocks are climbing back toward record highs, even as the Iran war continues and oil prices stay elevated. So why aren’t markets reacting?

(Source: Bloomberg)

The UAE & US have discussed a currency swap line as a financial backstop due to the impact of the war. But Deutsche Bank’s MEA CEO says despite the uncertainty, the banking environment across the Gulf remains resilient. Jamal Al Kishi spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche on activity in the region. (Source: Bloomberg)

Ukrainian accession is at the forefront of the agenda at April’s informal leaders summit in Nicosia, Cyprus, where EU leaders are talking about how Kyiv can accede to the bloc. Estonian Prime Minister Kristen Michal speaks to BTV’s Oliver Crook in Larnaca, Cyprus. (Source: Bloomberg)

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 is on track for its biggest weekly gain since the first week of the war, as Iran keeps the Strait of Hormuz closed, and US forces board a supertanker carrying Iranian crude.

Shares in Intel soared 20% in extended trading powered by a blockbuster sales forecast that smashed estimates.

And the European Union has opened the door for Ukraine to join the bloc, with an EU official telling Bloomberg that leaders have agreed the first accession negotiations could start in the coming weeks and months.

Today’s guest: Emma Wall, Hargreaves Lansdown, Chief Investment Strategist. (Source: Bloomberg)