Container Ship Sinks in Strait of Hormuz as Attacks Escalate

A container ship sinks in the Strait of Hormuz as attacks on commercial shipping escalate. Houthi attacks also put mounting pressure on Saudi Arabia’s crown prince, keeping the security of the region’s energy and trade routes in focus. South Korea’s Kospi plunges 8%, triggering a 20-minute trading halt as a chip-stock selloff deepens equity losses. US Treasuries rise, while hotter US inflation fuels expectations of further Federal Reserve tightening. Consumer prices record their biggest increase since April. The energy backdrop remains strained: OECD oil stockpiles fall to their lowest level since 1989. Meanwhile, Middle Eastern refineries increase operations as crude flows recover, despite continuing attacks on shipping. In an exclusive Bloomberg interview, Nvidia’s chief executive says developers of unsafe AI systems could be cut off, while calling for faster technological progress and highlighting sharply falling AI costs. Separately, Anthropic’s quarterly revenue reaches $16.8 billion ahead of its planned IPO. Lombard Odier’s Nannette Hechler-Fayd’Herbe discusses AI’s role in manufacturing and her preference for developed-market equities, small caps and Japan. She argues that Europe faces policy challenges rather than a sovereign debt crisis. Ukrainian President Volodymyr Zelenskyy accuses Donald Trump and Elon Musk of restricting satellite access, raising questions over the country’s reliance on critical communications infrastructure. At the IMF–World Bank meetings in Bangkok, Lebanese Central Bank Governor Karim Souaid discusses the country’s outlook as the IMF calls for key reforms needed to secure a programme. In Africa, Eskom’s chief executive outlines a revised strategy as the utility’s monopoly weakens, saying excess capacity creates opportunities to support the wider region. Valterra Platinum approaches a decision on a potential move to underground mining. Elsewhere, an arrested OpenAI engineer is reported to have booked a one-way ticket to Saudi Arabia. Guests includes Nannette Hechler-Fayd’Herbe, Lombard Odier Head of Investment Strategy, Sustainability & Research, Afshin Molavi, Johns Hopkins University Senior Fellow, Karim Souaid, Lebanese Central Bank Governor, and Karen Young, Columbia University Center on Global Energy Policy Senior Research Scholar. 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 00:05:10 - Nannette Hechler-Fayd’Herbe, Lombard Odier Head of Investment Strategy, Sustainability & Research 00:13:14 - Oil Falls on Easing Middle East Concerns 00:15:56 - Afshin Molavi, Johns Hopkins University Senior Fellow 00:20:18 - Jensen Huang, Nvidia CEO 00:26:42 - Karim Souaid, Lebanese Central Bank Governor 00:35:34 - Karen Young, Columbia University Center on Global Energy Policy Senior Research Scholar 00:41:24 - Dan Marokane, Eskom CEO 00:43:12 - Valterra Platinum Nears Decision on Underground Move -------- 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