Aramco Slashes Asia Oil Price, Saudi-Backed Forces Target Houthis, Super-Rich Leave UK

Saudi Aramco cuts its flagship oil price for Asia to a six-year low as the Iran war continues to weigh on OPEC+ production. Oil flows through the Strait of Hormuz continue to recover despite persistent regional tensions, while Saudi-backed Yemeni forces work to retake Houthi-held areas. Iran faces growing economic strain seven months into the war, as the Pentagon redeploys bombers from a UK base. Pakistan says talks linked to the Mecca pact are set to take place in Riyadh. Weak US jobs data eases concerns over further Fed tightening, while Treasury yields retreat from multi-decade highs. Bond-market volatility remains at its highest in more than a year, as Scott Bessent downplays concerns over rising yields. New details emerge in the Flydubai investigation, with reports that the co-pilot had previously lost a job over extremist views. Brazil heads toward an Oct. 25 runoff between Jair Bolsonaro and Luiz Inácio Lula da Silva, while Taiwan’s US envoy discusses growing Taiwanese investment in America and a $50 billion investment pledge. AI safety remains in focus as an OpenAI safety researcher quits and warns about the technology’s risks, while SoftBank’s Masayoshi Son says AI in the wrong hands could be “super dangerous.” Private-markets firm Eurazeo opens an Abu Dhabi office, offering Gulf investors greater access to European strategies. In Africa, investors increasingly target critical minerals, data centers, fertilizers and transport, while China committed $33.5 billion to the continent through its Belt and Road Initiative in the first half of 2026. And the UK faces a growing wealth exodus, with the departure of ultra-rich residents estimated to deal London a $160 billion hit as wealthy individuals increasingly look to destinations including Monaco, Switzerland and the UAE. Guests includes Anita Krishna Gupta, Wealthbrix Capital Partners CIO and Mathieu Teisseire, Eurazeo Investor Relations 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 00:02:21 - Saudi-Backed Yemen Forces Work to Retake Houthi Areas 00:06:34 - Anita Krishna Gupta, Wealthbrix Capital Partners CIO 00:12:36 - Brazil Heads to Oct. 25 Bolsonaro-Lula Runoff 00:18:00 - Alexander Yui, Taiwan’s Representative to the US 00:21:40 - Masayoshi Son, SoftBank Founder & CEO 00:27:22 - Saudi Aramco Cuts Asia Oil Price to Six-Year Low 00:31:00 - Mathieu Teisseire, Eurazeo Investor Relations Head 00:37:00 - Africa Investors Eye Minerals, Data Centers 00:41:50 - -------- 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: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts