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Iran, Oman Near Hormuz Shipping Deal | Horizons Middle East & Africa 8/6/2026

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Global markets are watching a potential breakthrough in the Middle East as Iran and Oman enter the final stages of a shipping agreement focused on the Strait of Hormuz. Energy traders are closely monitoring the proposed deal, which could allow shipping to resume through one of the world’s most important oil routes. President Trump said a Hormuz agreement is imminent, while Iran described any reopening as temporary. Tankers carrying UAE cargo continue to switch off transponders in the Strait, Iranian oil exports remain constrained by the US blockade, and the Houthis warned they could target Saudi oil tankers in the Red Sea.
President Trump is also preparing new tariffs on polysilicon, with proposed duties of 25% to 35% aimed at boosting US semiconductor and solar manufacturing while providing temporary relief for import-dependent companies. China responded by tightening drone export controls, sanctioning six US entities and launching its first national security review of foreign trade.
Technology markets came under pressure as the AI rally paused. Asian stocks declined, memory chip makers weakened after disappointing guidance, and reports claimed a Meta AI model accessed the internet and hacked a company during testing. Major Wall Street firms, including Point72, Two Sigma and Citadel, were also targeted in a new wave of cyberattacks. SpaceX’s $101 billion share unlock added pressure to technology stocks, while Qatar signaled higher LNG production and gold recorded its biggest gain since February.
Elsewhere, the UAE’s business activity reached its strongest level since March, Kenya is seeking $450 million in World Bank emergency funding after the Iran conflict and El Niño affected growth, Ghana reported a $1.9 billion loss on gold purchases, Nigeria tightened rules governing virtual assets, and South Africa began searching for an adviser to support Eskom’s planned spin-off. Guests includes Vincent Juvyns, ING Belgium Chief Investment Strategist and Aathira Prasad, Nasser Saidi & Associates Macroeconomics Director.

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
00:03:49 – Iran Strikes Deal with Oman
00:06:00 – Energy Markets Await Deal to Reopen Hormuz
00:10:35 – Trump Said to Ready Tariffs for Polysilicon
00:13:48 – Vincent Juvyns, ING Belgium Chief Investment Strategist
00:18:50 – Hackers Target Major Hedge Funds
00:28:16 – Houthis Say They Will Target Saudi Tankers in Red Sea
00:31:30 – Aathira Prasad, Nasser Saidi & Associates Macroeconomics Director
00:37:32 – Kenya Seeks Emergency Fund
00:42:44 – SpaceX Shares worth $100 Billion Unlock
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Aliko Dangote on Investing in Africa

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Dangote Industries President and Chief Executive Aliko Dangote discusses business, investment and Africa’s economic outlook with Bloomberg’s Francine Lacqua at the Qatar Economic Forum UNGA Special Edition in New York in 2026.
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Open AI Models May Have Interfered With Government Sites

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“Balance of Power” focuses on the intersection of politics and global business. On today’s show, Former Defense Secretary Leon Panetta says the state visit delivered “an awful lot of pomp, but not a lot of substance,” pointing to the lack of progress on major issues between the two nations. Democratic Representative Glenn Ivey of Maryland reacts to news that OpenAI alerted more than a dozen organizations that its models may have hacked or disrupted their sites, saying Congress and the White House should be taking emerging AI risks more seriously. National Association of Manufacturers President and CEO Jay Timmons says manufacturers are looking for clearer progress on trade as President Trump and China’s Xi Jinping prepare for more meetings this year.

Chapters:

00:02:00 Bloomberg’s Courtney Subramanian on What the US-China Summit Accomplished
00:05:28 Leon Panetta, Former Defense Secretary, on Trump-Xi Talks and China
00:08:41 Leon Panetta on Taiwan, China and US Policy
00:10:41 Leon Panetta on Prospects for a US-Iran Peace Deal
00:12:14 Leon Panetta on the Midterm Election Outlook
00:14:18 Power Moves: Top Financial Moves
00:17:35 Rep. Glenn Ivey (D-MD) on AI Regulation and Cybersecurity
00:20:37 Rep. Glenn Ivey (D-MD) on Quantum Computing, AI and Data Centers
00:22:25 Rep. Glenn Ivey (D-MD) on the Midterm Campaign
00:24:43 Jay Timmons, National Association of Manufacturers President and CEO, on US Manufacturing and Trade
00:26:21 Jay Timmons on China Trade Deals and Manufacturing Concerns
00:28:26 Jay Timmons on What Manufacturers Want From US-China Trade
00:29:52 Jay Timmons on USMCA and Permitting Reform
00:31:42 Jay Timmons on Manufacturing and the Midterm Elections
00:35:32 Bloomberg’s Joe Lovinger on Can Democrats Flip the Texas Senate Seat?
00:38:33 Political Panel Reacts: Texas Senate Race: Talarico vs. Paxton, Are Political Debates Becoming Less Common?, Trump’s Midterm Campaign Travel Strategy

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Stocks, Treasuries Get Relief Ahead of CPI, US Diesel Passes $6/Gallon

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US equity futures and Treasuries find some relief as investors await the latest inflation data for a signal on whether the Federal Reserve will raise interest rates next week. US diesel prices rose above $6 a gallon for the first time ever, raising the risk of further energy-driven inflation. The US marks 25 years since the September 11 terrorist attacks. Isabelle Mateos Y Lago of BNP Paribas joins “Bloomberg Brief” to look ahead to the CPI data.

Chapters:
00:00:00 – Bloomberg Brief Begins
00:00:19 – Top News and Headlines
00:00:54 – Global Market Check: Asia Markets: Tech Stocks Slide Ahead of CPI
00:02:07 – European Markets & ECB Rate Expectations
00:03:13 – Treasury Yields Approach 5% & Oil Prices Ease
00:04:45 – First Look Movers
00:06:13 – Inflation, Bond Yields & Market Risks, Bessent Comments & Bank of Japan Independence
00:09:40 – Oil Supply Risks & Strait of Hormuz Tensions
00:12:30 – OpenAI Considers Slowing Cutting-Edge AI Development, Microsoft’s Massive Data Center Expansion Plans
00:14:30 – Trending on the Terminal
00:15:56 – Scotland’s Wind Energy & Data Center Opportunity
00:20:07 – Front Page News
00:21:06 – Markets Update: Treasury Yields, Oil & Equities
00:23:00 – First Look Movers
00:24:16 – Isabelle Mateos Y Lago, BNP Paribas Chief Economist, on CPI Preview & the Fed’s Next Rate Decision, Can Global Markets Handle Higher Bond Yields
00:32:29 – Trending on the Terminal
00:34:04 – Trump, JD Vance & the Republican Convention, Trump and the 25th Anniversary of 9/11
00:39:19 – IEA Warns High Oil Prices Could Destroy Demand, Why Diesel Prices Remain at Record Highs
00:42:00 – What to Watch, 9/11 Commemorations
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Trump Awaits Xi’s US Visit

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On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss the latest from DC. On today’s show, Senator Mark Kelly (D-AZ), Stonecourt Capital Partner Rick Davis, Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and Republican Congressman Tim Burchett of Tennessee.

Chapters
00:00:00 Radio Balance of Power: Early Edition
00:02:26 Markets: Treasury Yields Surge Above 5%
00:04:51 Trump-Xi Summit: Trade, Iran & AI
00:05:29 Mark Kelly’s Plan to Protect Workers From AI
00:08:11 U.S.-China AI Competition & Security
00:09:30 China, Russia & Iran
00:11:47 Diesel Prices & the Iran War
00:14:14 Political Panel: AI, Jobs & Washington
00:18:59 Markets: Diesel Export Ban & Rising Oil
00:20:12 Microsoft Expands Its Gulf Investment
00:24:05 AI Safety & Slowing Frontier Models
00:25:08 Who Should Control the AI Kill Switch?
00:27:16 Microsoft, OpenAI & Independent AI Evaluators
00:29:02 Brad Smith on AI Ethics & Safety
00:30:54 Data Centers, Energy & Microsoft’s Climate Goals
00:35:38 Should AI Development Slow Down?
00:38:04 AI Safety vs. Competition With China
00:41:08 Trump-Xi Summit: What to Expect
00:43:25 White House Weighs Diesel Export Ban
00:44:47 Tim Burchett Pushes Diesel Export Controls
00:50:48 Treasury Yields, Debt & Government Spending
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Alibaba Says It Will Roll Out China’s Top AI Chip

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“Bloomberg: The China Show” is your definitive source for news and analysis on the world’s second-biggest economy. From politics and policy to tech and trends, Yvonne Man and David Ingles give global investors unique insight, delivering in-depth discussions with the newsmakers who matter.

Chapters:
00:00:00 – The China Show opens
00:03:06 – China, US discuss AI, investment on second day of talks
00:12:16 – CITIC CLSA’s Shaun Cochran on AI applications across businesses
00:25:46 – HKEX seeks to ease dealmaking rules
00:28:23 – AI trade bolstered by Meta’s Muse agent
00:32:45 – Sinology’s Andy Rothman on what to expect from Trump-Xi talks
00:43:55 – Asian chip stocks surge as Meta’s Muse stokes enthusiasm
00:47:13 – Goldman Sachs’ Iain Drayton on dealmaking in Asia
00:55:22 – USTR Jamieson Greer on managing trade with China
01:01:50 – China calls Trump-Xi summit ‘a milestone’
01:06:33 – Breaking: Alibaba unveils new AI chip
01:09:01 – Silicon Data’s Carmen Li on the challenges of compute procurement
01:19:58 – Exclusive: Vietnamese president says Hanoi is close to US trade deal
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