US President Donald Trump gave Iran a two-day deadline to reopen the Strait of Hormuz or have its power plants bombed. Tehran countered that if its power facilities are attacked, it would close the Strait of Hormuz “completely” and target “all energy, information technology, and desalination infrastructure” linked to the US and Israel.
Also on the show: Selloff in stocks, gold and bonds deepened as the US and Iran hardened their rhetoric and signaled a potential escalation to their conflict.
Guests include: Steven Major, Tradition Dubai, Global Macro Advisor; Rachel Ziemba, Ziemba Insights, Founder; Farouk Soussa, Goldman Sachs, MENA Senior Economist
Chapters:
00:00:00 – Horizons Middle East & Africa
00:05:39 – Trump, Iran hurl war threats with Hormuz crisis building
00:09:38 – Steven Major, Tradition Dubai, Global Macro Advisor
00:16:34 – Oil fluctuates near the highest close since mid-2022
00:17:44 – Rachel Ziemba, Ziemba Insights, Founder
00:34:53 – Farouk Soussa, Goldman Sachs, MENA Senior Economist
00:42:06 – Trump reorganizes foreign aid at fraction of USAID’s size
00:46:03 – Stocks, bonds fall as US-Iran rhetoric intensifies
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