Saudi Arabia Reports Fresh Attacks as Wider Conflict Could Push Oil to $120

Bloomberg Television1 hour ago22:47

Saudi Arabia reports fresh missile and drone attacks, with the Saudi-led coalition saying it intercepted threats aimed at the kingdom. The latest escalation comes after deadly attacks over the weekend and raises concerns that the conflict could widen further. Oil remains in focus, with some analysts warning prices could reach $120 a barrel if fighting expands and disrupts additional supply routes. Asian stocks extend losses as the AI trade comes under pressure, while global bond markets remain volatile. The IMF warns that surging yields are now a major risk to the financial system and says weaker banks could come under increasing strain if the AI boom reverses sharply. The UK says Iran’s Revolutionary Guard directed activity at an airbase used by the US, adding to regional security concerns. Donald Trump says Vladimir Putin and Volodymyr Zelensky need to come together to end the war, while Jared Kushner says a diesel-related initiative is aimed at softening Russia’s position. In technology, Meta unveils its Muse Wonder model as competition in artificial intelligence intensifies. BYD plans a major hiring push in Europe, aiming to expand its regional workforce to around 40,000. Elsewhere, India’s opposition marches over a voter dispute, while Egyptian Foreign Minister Badr Abdelatty discusses efforts to reduce tensions across the Middle East. Guests includes Yves Bonzon, Julius Baer Group CIO. 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 00:05:27 - Saudi Arabia Reports Further Attacks Monday 00:10:47 - Yves Bonzon, Julius Baer Group CIO 00:16:37 - Badr Abdelatty, Egyptian Foreign Minister -------- 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

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Saudi Arabia Reports Fresh Attacks as Wider Conflict Could Push Oil to $120 | PiQ Markets