Oil Fluctuates Despite Steady Hormuz Flows | Horizons Middle East & Africa 7/6/2026

Published 6 July 2026 · finance

Today's global markets update covers the biggest developments in geopolitics, energy, finance, and technology. President Trump heads to Turkey for the NATO summit and a

Today's global markets update covers the biggest developments in geopolitics, energy, finance, and technology. President Trump heads to Turkey for the NATO summit and a meeting with Ukrainian President Volodymyr Zelenskyy, while US stock futures surrender much of their earlier gains as technology shares remain volatile. Asian tech stocks also lose momentum after an early rebound, and Goldman Sachs revises its yen forecast to 165 from 155. In energy markets, oil prices fluctuate as shipping through the Strait of Hormuz continues, OPEC+ raises production quotas, oil and gas cargoes increasingly use the Oman-side shipping route. We also cover Israeli Prime Minister Benjamin Netanyahu's latest remarks on Iran's nuclear ambitions, the IDF's readiness for possible operations in Lebanon, mass funerals in Iran following the death of a senior leader, and the absence of Mojtaba Khamenei from public view.

Elsewhere, South African businesses continue accelerating renewable energy investments, with solar accounting for 68% of private electricity generation. We also examine growing attention on Middle East credit markets, reports that Abu Dhabi's wealth fund may take TAQA private, ADNOC's review of Wall Street advisory roles, the UAE's successful efforts to block cyberattacks targeting its financial sector, and Gulf airlines exploring new aircraft orders from Boeing and Airbus. Guests includes Gareth Nicholson, FAB Asset Management CIO; and Zeina Rizk, Amwal Capital Partners Fixed Income Co-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 00:04:23 - Oil Fluctuates as Hormuz Flows Persist 00:08:23 - Iran Rallies Millions for Funeral of Slain Leader 00:12:26 - Gareth Nicholson, FAB Asset Management CIO 00:18:44 - South African Businesses Switch to Renewable Energies 00:28:35 - Zeina Rizk, Amwal Capital Partners Fixed Income Co-Head 00:34:53 - Abu Dhabi Wealth Fund Set to Take TAQA Private 00:40:31 - Trump Heads to NATO summit to Meet Zelenskyy 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.