Hormuz Flows Ease Oil Fears, Saudi Air-Raid Alerts, Qatar Urges Gulf Unity, Trump-Xi Summit Nears

Oil extends losses and Asian stocks edge higher as crude and LNG shipments through the Strait of Hormuz reach a six-month high. The yen faces pressure after the Bank of Japan disappoints. US-China talks cover trade, AI and investment ahead of the Trump-Xi summit. Bessent calls the engagement successful, while China’s Li cites a positive atmosphere. Qatar’s prime minister urges coordinated Gulf action on Iran, stresses that peace requires more than mediation and discusses fiscal management as war drives a 7% economic contraction. Al-Ansari says ideas are being exchanged to resume US-Iran talks. Saudi Arabia issues rare air-raid alerts for Riyadh. Al-Kaabi highlights Hormuz’s critical energy role, reaffirms Qatar’s reliability as an LNG supplier and expects North Field East to come online in the first half of 2027. Qatar Airways reports a cargo boom linked to Hormuz disruption and plans to add 138 jets over five years. Al-Sowaidi calls innovation a marathon, Rowan sees overwhelming demand for capital, and Solomon says the AI supercycle will take decades to deliver. Anthropic moves its planned IPO to November, while Google joins OpenAI, Anthropic and Meta in disclosing AI hacks. Dangote says the refinery IPO will usher in a new era for Africa, targeting 10 million subscribers. He outlines plans to reinvest up to $50 billion across Africa and expand refinery capacity to match 10% of the US total, while highlighting its position as the leading jet-fuel exporter to Europe. Germany’s chancellor suffers a setback as his party loses power in a state election. Zelenskyy is set to meet Trump during the UN General Assembly in New York. 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 00:03:04 - Eric Robertsen, Chief Strategist, Standard Chartered 00:12:32 - US-China Trade Talks Ahead of Trump-Xi Summit 00:17:43 - Trump to Meet Gulf Leaders in New York This Week 00:21:09 - Saad Sherida Al-Kaabi, Energy Minister of Qatar 00:28:01 - Mohammed Saif Al-Sowaidi, CEO, Qatar Investment Authority 00:28:35 - Marc Rowan, Chairman and CEO, Apollo 00:29:25 - David Solomon, Chairman and CEO, Goldman Sachs 00:32:31 - Hamad Ali Al-Khater, Group CEO, Qatar Airways 00:35:58 - Bandar Al-Thani, Governor, Qatar Central Bank 00:37:26 - Majed Al Ansari, Adviser to Qatar’s Prime Minister 00:41:05 - Aliko Dangote, President, Dangote Group 00:44:54 - Ndaba Gaolathe, Vice President of Botswana -------- 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