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Iran Drone Hits Kuwait Offshore Oil Rig | Horizons Middle East & Africa 7/13/2026
Global markets remain focused on escalating tensions in the Middle East as the US and Iran exchange another round of military strikes. The US military launched a new wave of attacks targeting Iranian positions, while Iran responded with drone strikes aimed at US military positions in Kuwait. Washington says the latest operations are intended to degrade Iran’s ability to threaten commercial shipping in the Strait of Hormuz, while the IRGC claims it struck a US drone operations center at Sheikh Isa Air Base in Bahrain. The renewed conflict has left energy markets on edge as uncertainty over the Strait of Hormuz continues.
We also cover Apple’s lawsuit against OpenAI alleging trade secret theft, Nippon Paint’s $8.6 billion bid for Akzo Nobel’s paint business, reports that SoftBank is considering a stake in Seven & i Holdings, and the death of former Qatari ruler Sheikh Hamad, which comes as Senator Lindsey Graham’s political future raises fresh questions over US Senate succession.
In Asia, South Korea’s KOSPI trading was briefly halted after falling 8%, with SK Hynix leading the decline. Elsewhere, venture capital funding across the Middle East and North Africa fell 22% year over year during the first half of 2026, the UAE’s oil production reached a record high in June, and Senegal’s infrastructure plans face setbacks amid a growing debt scandal. Guests Includes John Sfakianakis, Gulf Research Center Chief Economist and Research Head; Praten Jagwani, UTI International Global Head and CEO; Philip Bahoshy, Magnitt Founder & CEO; and Chey Tae-won, SK Group Chairman
Horizons Middle East & Africa is your daily spotlight on one of the world’s fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg.
Chapters:
00:00:00 – Introduction
00:04:50 – US, Iran Resume Strikes as Hormuz Status Disputed
00:07:58 – John Sfakianakis, Gulf Research Center Chief Economist and Research Head
00:14:18 – Praten Jagwani, UTI International Global Head and CEO
00:28:50 – Philip Bahoshy, Magnitt Founder & CEO Chey
00:34:54 – Tae-won, SK Group Chairman
00:38:54 – Energy Markets on Edge as Hormuz Tensions Intensify
00:43:00 – Debt Scandal Derails Senegal’s infrastructure Dream
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On Bloomberg This Weekend, Michigan Representative Haley Stevens (D) says escalating US tariffs on Canadian goods are raising costs and creating uncertainty for manufacturers in her district, with the deeply integrated auto supply chain particularly exposed. Stevens tells hosts Christina Ruffini and Jeff Mason that she is promoting legislation that would provide households with as much as $1,700 to offset tariff-related costs, while criticizing the Trump administration’s approach to trade with Canada.
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France’s National Rally will oppose any proposals by the current government for tax increases in the next budget, according to the president of the far-right party, Jordan Bardella. He also touted the strong transatlantic relationship with the US, and said he believes France should receive something from Ukraine in exchange for continued support. Bardella spoke exclusively with Bloomberg Television Anchor Francine Lacqua from Lake Como in Cernobbio, Italy.
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“Bloomberg Real Yield” highlights the market-moving news you need to know. Today’s guests: JPMorgan Asset Management Field Income Portfolio Manager Kelsey Berro, Federated Hermes Senior Portfolio Manager Deborah Cunningham, Invesco Head of North American Investment Grade Credit Matt Brill, and BNP Paribas Head of US Credit Strategy Meghan Robson.
YouTube Chapters:
00;00;00;00 Bloomberg Real Yield opens
00;00;45;18 Global Bond Rout and Rising Yields
00;03;45;19 Ira Jersey on Fed Policy and Global Yields
00;09;12;19 Roundtable on Fed Policy and Inflation
00;15;50;21 U.S. Debt, Deficits and Spending
00;18;47;01 Private Credit Redemption Concerns
00;22;31;00 Credit Issuance and Global Debt Markets
00;25;31;01 Credit Roundtable on AI and Bond Supply
00;27;41;01 Fed Hikes and the Yield Curve
00;29;49;01 Scott Bessent and Treasury Buybacks
00;33;38;01 SALT Deduction and State Taxes
00;35;58;01 Colleges Tapping Their Endowments
00;38;44;06 August Payrolls and the Labor Market
00;41;27;16 Bond Market and Inflation Outlook
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From electrical contractors to HVAC engineers, people far from Silicon Valley are quietly asking the same question: Is AI a bubble? Speaking with Joe Weisenthal and Tracy Alloway on Odd Lots, Jasmine Sun explains how local communities weigh the massive economic tradeoffs of multi-year data center projects when they aren’t even sure if the technology—or its funding—is here to stay. Listen wherever you get your podcasts.
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