Global markets are closely watching renewed diplomatic efforts after President Trump said he will see if a deal can be reached with Iran, adding that he called off what he described as the "biggest attack since World War II." Oil prices fell as optimism over a potential US-Iran agreement grew, while Iran’s foreign minister said negotiations with Oman are in their final stages. Gulf producers continue exploring alternative oil export routes as concerns over the Strait of Hormuz persist, and OPEC+ approved a modest production quota increase.
In currency markets, the Japanese yen strengthened sharply as traders increased bets on further intervention, with US and Japanese officials signaling they would not hesitate to act again if needed. Kevin Warsh also hinted at a new inflation roadmap as investors continued to assess the outlook for US monetary policy.
Technology shares remained volatile as the recent chip rally reversed, while DeepSeek unveiled its V4-Flash AI model. We also cover AstraZeneca’s reported interest in exploring a merger with Bristol Myers Squibb, Jefferies’ latest challenges involving Bointa Capital, and growing shortages of senior executive talent across the Middle East. Elsewhere, BP is expected to report stronger earnings driven by higher crude prices, European companies prepare for a busy earnings week, the FIFA World Cup is expected to boost beverage sales for Heineken and Diageo, Hungary shut down a nuclear plant for the first time as the Danube River reached critically low levels, South Korea stepped up emergency measures amid a record heatwave, and UEFA and Concacaf increased pressure on FIFA President Gianni Infantino. Guests includes Alan Eyre, Middle East Institue Distinguished Diplomatic Fellow, Former US Diplomat, Samy Chaar, Lombard Odier Chief Economist & CIO Switzerland and Weam Kamel, Alchemy Search Partner & Abu Dhabi Operations Head.
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
00:06:05 – Iran-Oman Negotioans in Final Stages
00:09:05 – Alan Eyre, Middle East Institue Distinguished Diplomatic Fellow, Former US Diplomat
00:16:05 – Samy Chaar, Lombard Odier Chief Economist & CIO Switzerland
00:28:16 – US, Japan Won’t Hesitate on More Yen Intervention
00:31:16 – Oil Falls on Iran Deal Optimism
00:34:55 – Weam Kamel, Alchemy Search Partner & Abu Dhabi Operations Head
00:41:55 – European Earnings Week Ahead
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