Business
Hormuz Oil Flows Recover as Supply Fears Ease | Horizons Middle East & Africa 8/28/2026
Oil markets focus on the recovery of shipping through the Strait of Hormuz as flows begin to improve and concerns over supply disruptions ease. Goldman Sachs estimates Gulf oil exports remain below pre-war levels, while total flows recover toward 15 to 16 million barrels a day. The US says sea mines have been cleared from Hormuz.
Qatar and Iran discuss the possibility of restarting talks with the US, while Trump rejects returning to the June Iran deal. Rising Hormuz flows are helping reduce fears of a prolonged oil supply squeeze.
Venezuela considers leaving OPEC after nearly six decades of membership as the US weighs opportunities in the country’s oil sector. An exit could have wider implications for OPEC and the global politics of oil.
Markets turn to Jackson Hole, where Fed Chair Warsh is set to deliver his first major speech at the gathering. Fed officials remain divided over the path for interest rates, with Goolsbee calling for evidence that inflation is persistent and Schmid saying higher rates could be appropriate. Investors also assess whether the US midterm elections could influence Fed policy.
Gold has gained sharply this month as investors reassess the rate outlook, while demand for additional gold stockpiles grows in Singapore and Hong Kong. Japan’s two-year bond auction sees its weakest demand measure since 2016, adding to concerns in Asian fixed-income markets.
US-Canada trade tensions remain in focus, with Greer suggesting the US may need to consider restrictions on Canadian goods. Trump also criticizes Canada over trade relations and changes the name of a major lake.
In sports, LIV Golf faces questions over its future as the Saudi-backed circuit confronts funding challenges and uncertainty over its place in professional golf.
Nepal’s flood disaster worsens, with the death toll reaching 469 and more than 1,200 people still missing. Reconstruction could cost billions of dollars as the country assesses the damage.
In Zambia, police build a treason case against an opposition leader arrested shortly after the August 13 election, while inflation falls to an eight-year low. Guests includes Selina Ling, OCBC Chief Economist and Guy Wolf, Marex Global Head of Market Analytics.
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
00:06:10 – Gulf Oil Exports at Two-Thirds of Pre-War Levels
00:13:26 – Warsh to Make First Jackson Hole Speech as Fed Chair
00:15:15 – Selina Ling, OCBC Chief Economist
00:20:37 – LIV Golf’s Uncertain Future
00:27:24 – Guy Wolf, Marex Global Head of Market Analytics
00:31:33 – Jeffrey Schmid, Kansas City Fed President
00:37:14 – Swarnim Wagle, Nepal Finance Minister
00:38:44 – Binod Chaudhary, Chaudhary Group Chairman & President
00:42:30 – Election Dispute in Zambia
——–
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Business
Romania Says Russia Escalating War
On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss the latest news. On today’s show, Echo Canyon Consulting CEO Jon Seaton, Fortius Global Vice President Hannah Muldavin, Romanian President Nicușor Dan and Permitting Council Executive Director Emily Domenech.
Chapters:
00:00:00 Radio Balance of Power: Early Edition
00:02:09 Markets: Tech Selloff & Rising Oil
00:06:08 Trump, Farmers & the Iowa Vote
00:08:07 U.S.-Canada Relations & Election Tensions
00:10:12 Trade, Tariffs & Farmer Relief
00:11:06 Political Panel: Iowa & the Midterms
00:15:08 Trump’s Approval & Republican Strategy
00:18:31 Russia, Ukraine & European Security
00:22:53 Romania’s President on the Russian Threat
00:24:02 Russian Drones, Romania & NATO
00:27:32 Ukraine, Trump & Peace Negotiations
00:33:33 Markets: Tech Earnings & Bond Rally
00:36:35 Energy Prices & Permitting Reform
00:39:09 Can Congress Pass Permitting Reform?
00:42:44 Data Centers, Mining & Critical Minerals
——–
More on Bloomberg Television and Markets
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Business
People Losing Out On Home Equity: Brown Harris CEO
Bess Freedman, Brown Harris Stevens CEO, joins Scarlet Fu and Tom Keene on “Bloomberg Money.” They discuss the housing affordability in the US.
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Business
Five Questions With Aryaman Birla
From player to team owner, Aryaman Birla is returning to cricket but in a different avatar. Sanjai P R asks him about life beyond the pitch in Five Questions with Aryaman Birla.
——–
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Business
United ‘Still Solidly Profitable’ as Fuels Costs Rise, CEO Kirby Says
United Airlines CEO Scott Kirby discusses the company’s ability to pass along higher fuel costs and seeing continued strength in customer demand. Kirby also shares his thoughts on a wealth tax and other US social and policy points on “Bloomberg Surveillance.”
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Business
Small Business Resilience Boosting Growth
Small businesses remain a driving force behind economic growth, job creation, and opportunity across the country. Bloomberg Businessweek Daily is Live from the Chase for Business Make Your Move Summit, highlighting the resilience and impact of small businesses across the country. Chase for Business CEO Stevie Baron says while most small business owners are optimistic about their own outlook, that sentiment does not match how they feel about the overall economy. We also hear from Chase for Business Executive Director Dan Russell on how small businesses are boosting the sunbelt economy. Plus Katie Kirkpatrick, President & CEO of the Metro Atlanta Chamber, and Diedra Porché, National Head of Community and Business Development at JPMorganChase, discuss how investments in small businesses boost local economies.
Chapters:
00:00:00 Bloomberg Businessweek Daily
00:02:40 Markets Rally on SpaceX Earnings
00:03:55 Small Business, Inflation & the Economy
00:04:43 Chase CEO on Small Business Growth
00:07:21 Small Business Optimism & AI
00:12:33 The U.S. Economy Through Small Businesses
00:14:05 Atlanta, the Sun Belt & Business Growth
00:20:33 Atlanta’s Growing Corporate Economy
00:25:18 Affordability, Housing & the Midterms
00:30:04 World Cup’s Economic Impact on Atlanta
00:34:39 Small Business & Community Development
00:39:18 Building a Small Business Ecosystem
00:43:56 Stock Movers: SpaceX, Netflix & Super Micro
——–
More on Bloomberg Television and Markets
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