Saudi Oil Flows hit 90% Pre-War Rate | Horizons Middle East & Africa 7/3/2026
Today's global market update covers the biggest developments shaping financial markets, geopolitics, artificial intelligence, and energy. U.S. job growth slowed sharply in June, raising fresh
Today's global market update covers the biggest developments shaping financial markets, geopolitics, artificial intelligence, and energy. U.S. job growth slowed sharply in June, raising fresh questions about the Federal Reserve's next move on interest rates. Iran's floating oil storage continues to grow after the US reportedly granted a 60-day window for Tehran to sell its oil, while Saudi Arabia's crude exports have recovered to 90% of their pre-war levels. Meanwhile, Europe is increasingly preparing for the possibility of higher shipping costs through the Strait of Hormuz. In technology, Anthropic is reportedly in talks with Samsung to develop custom AI chips, SoftBank has unveiled plans to introduce AI-powered computers in the United States, and semiconductor stocks are off to a weak start, BDCS imposing distribution caps for a second consecutive quarter and Yen traders are closely watching for potential intervention by Japanese Government.
Elsewhere, the Ebola outbreak in Congo could cost the economy more than $1 billion and push nearly 1 million more people into poverty, according to the United Nations. JPMorgan joins $7 billion financing package to support infrastructure and airport projects in Syria, alongside the latest moves across global markets. Guests Include Rajeev Sibal, Morgan Stanley Senior Global Economist; Richard Windsor, Radio Free Mobile Founder. Stay informed with the latest updates on the stock market, oil prices, AI, geopolitics, central banks, and the world's biggest financial stories. 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 00:05:23 - Rajeev Sibal, Morgan Stanley Senior Global Economist 00:11:40 - Iran’s Floating Oil Hoard Swells 00:17:53 - Europe Now Believes Hormuz Fees Inevitable 00:29:01 - Yen Traders Brace for Potential Intervention 00:33:01 - Richard Windsor, Radio Free Mobile Founder Ebola Toll on Congo Economy May Exceed $1B 00:42:57 - JPMorgan Joins $7B Loan for Syria Projects More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance Visit for business news & analysis, up-to-the-minute market data, features, profiles and more.
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