Brent Tops $100 as Trump Threatens More Iran Strikes | Horizons Middle East & Africa 7/24/2026

Published 24 July 2026 · finance

Global markets came under pressure as Brent crude climbed above $100 a barrel amid escalating tensions in the Middle East. President Trump threatened to intensify

Global markets came under pressure as Brent crude climbed above $100 a barrel amid escalating tensions in the Middle East. President Trump threatened to intensify military action against Iran, while traders closely monitored risks to shipping through the Red Sea, adding to concerns over global energy supplies and inflation. Markets also reacted to President Trump's latest tariff measures, with new import duties ranging from 10% to 12.5% affecting Mexico, the UK, Canada and India. The renewed trade measures added to uncertainty across global equities. In technology, Intel delivered a stronger-than-expected revenue forecast driven by robust data center demand, while AMD unveiled new data center products.

Korean semiconductor stocks declined amid Middle East tensions and a major Chinese chip IPO, and investors prepared for CXMT's debut on Shanghai's STAR Market. Elsewhere, the Japanese yen headed for its worst week since May as inflation strengthened expectations for further Bank of Japan rate hikes. SpaceX delayed its latest Starship test flight, Egypt called for Middle East de-escalation, Aliko Dangote said he hopes to complete a London secondary listing later this year, and Ukrainian attacks continued to disrupt Russian exports. Guests Includes Ayesha Tariq, Macrovisor Co-Founder; Cormac Mc Garry, Control Risks Maritime Security Director,;Badr Abdelatty, Egyptian Foreign Minister; Mariya Dangote, Dangote Group Executive Director; and Fatima Dangote, Dangote Group Executive Director.

Chapters 00:00:00 - Introduction 00:02:31 - US sets new levies on 60 economies 00:06:31 - Trump threatens to intensify Iran attacks 00:09:12 - INTEL revenue forecast shatters estimates 00:14:12 - Ayesha Tariq, Co-Founder of MacroVisor 00:20:32 - SpaceX launch moved to July 24 00:26:47 - Cormac Mc Garry, Control Risks Maritime Security Director 00:34:17 - Badr Abdelatty, Egyptian Foreign Minister 00:38:20 - Dangote Sisters on IPO 00:38:36 - Mariya Dangote, Dangote Group Executive Director 00:41:32 - Fatima Dangote, Dangote Group Executive Director 00:44:16 - Russia warns Black Sea waters not safe amid attacks More on Bloomberg Television and Markets Like this video?

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