Iran-Oman Talks Enter Final Stage as Oil Falls | Horizons Middle East & Africa 8/3/2026

Global markets are closely watching renewed diplomatic efforts after President Trump said he will see if a deal can be reached with Iran, adding that he called off what he described as the "biggest attack since World War II." Oil prices fell as optimism over a potential US-Iran agreement grew, while Iran's foreign minister said negotiations with Oman are in their final stages. Gulf producers continue exploring alternative oil export routes as concerns over the Strait of Hormuz persist, and OPEC+ approved a modest production quota increase. In currency markets, the Japanese yen strengthened sharply as traders increased bets on further intervention, with US and Japanese officials signaling they would not hesitate to act again if needed. Kevin Warsh also hinted at a new inflation roadmap as investors continued to assess the outlook for US monetary policy. Technology shares remained volatile as the recent chip rally reversed, while DeepSeek unveiled its V4-Flash AI model. We also cover AstraZeneca's reported interest in exploring a merger with Bristol Myers Squibb, Jefferies' latest challenges involving Bointa Capital, and growing shortages of senior executive talent across the Middle East. Elsewhere, BP is expected to report stronger earnings driven by higher crude prices, European companies prepare for a busy earnings week, the FIFA World Cup is expected to boost beverage sales for Heineken and Diageo, Hungary shut down a nuclear plant for the first time as the Danube River reached critically low levels, South Korea stepped up emergency measures amid a record heatwave, and UEFA and Concacaf increased pressure on FIFA President Gianni Infantino. Guests includes Alan Eyre, Middle East Institue Distinguished Diplomatic Fellow, Former US Diplomat, Samy Chaar, Lombard Odier Chief Economist & CIO Switzerland and Weam Kamel, Alchemy Search Partner & Abu Dhabi Operations 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 00:06:05 - Iran-Oman Negotioans in Final Stages 00:09:05 - Alan Eyre, Middle East Institue Distinguished Diplomatic Fellow, Former US Diplomat 00:16:05 - Samy Chaar, Lombard Odier Chief Economist & CIO Switzerland 00:28:16 - US, Japan Won't Hesitate on More Yen Intervention 00:31:16 - Oil Falls on Iran Deal Optimism 00:34:55 - Weam Kamel, Alchemy Search Partner & Abu Dhabi Operations Head 00:41:55 - European Earnings Week Ahead -------- 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