Hormuz Diplomacy Gains Ground as Trump Plays Down New Iran Strikes

Oil extends its decline as hopes for US-Iran diplomacy improve. Trump says there are no immediate plans for new strikes, while Gulf states continue pushing for de-escalation. Talks remain focused on Hormuz and nuclear issues, though the risk of renewed escalation has not disappeared. Stocks and bonds gain after the US midterms, while Asian markets fluctuate. A post-election rotation weighs on chipmakers and energy shares but supports autos, while Hang Seng technology stocks extend their rally. Mehvish Ayub of Bank of Singapore remains positive on US equities but says geopolitical risks and the outlook for crude remain uncertain. Israel formally certifies its election results as the US midterms raise questions about future American foreign policy and the strength of the US-Israel relationship. Trump continues to pursue Iran diplomacy, although the balance of power in Washington could complicate his agenda. The UAE is considering a third crude-oil pipeline, while Emaar plans to acquire its property arm following the post-war slowdown. Robinhood is expanding into the Middle East, with plans to launch from Dubai in 2027 after securing regulatory approval. Johann Kerbrat says the platform will offer access across 10 asset classes, with Dubai serving as its regional headquarters. Dubai Investments Park raises $529 million in the UAE’s first IPO of the year at AED1.12 a share, with Blackstone and Saudi Arabia’s PIF reportedly among investors. Chairman Khalid Bin Kalban discusses the pricing and demand. Saudi Arabia is also reviewing IPO rules that could require banks to absorb unsold shares. Banks warn the changes could increase underwriting risk as Saudi listing activity sits near multi-year lows. Elsewhere, LIV Golf moves closer to liquidation after its turnaround plan falters, S&P Dow Jones pauses some Turkey index changes, and Dangote begins a $2.5 billion fuel project in Namibia as part of a wider $60 billion Africa investment plan. Guests includes Livia Paggi, J.S. Held Senior Managing Director, Strategy & Risk Advisory, Mehvish Ayub, Bank of Singapore Managed Solutions Advisory, Johann Kerbrat, Robinhood Senior Vice President, Crypto & International and Khalid Bin Kalban, DIP Holding Chairman. 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 00:02:48 - Oil Extends Slide on US-Iran Diplomacy Hopes 00:08:48 - Livia Paggi, J.S. Held Senior Managing Director, Strategy & Risk Advisory 00:14:40 - Mehvish Ayub, Bank of Singapore Managed Solutions Advisory 00:26:04 - Johann Kerbrat, Robinhood Senior Vice President, Crypto & International 00:32:31 - Khalid Bin Kalban, DIP Holding Chairman 00:40:13 - Saudi Arabia Overhauls IPO Rules 00:42:30 - Dangote’s $60 Billion Africa Bet -------- 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