US Destroys 5 Iranian Oil Tankers as Brent Nears $100 | Horizons Middle East & Africa 9/9/2026

The US says it destroyed five Iranian oil tankers as the conflict with Tehran escalates across the Gulf, pushing Brent crude close to $100 a barrel. President Donald Trump says Iran will not be allowed to obtain a nuclear weapon, while Tehran retaliates with strikes on Jordan and says it targeted two US vessels and eight oil tankers in the Persian Gulf. The Houthis claim attacks on facilities in Abha, Najran and Jazan, prompting Saudi Arabia to halt operations at energy sites. Saudi Arabia and the UAE are telling Asian buyers to increase oil storage as concerns over regional supplies intensify. Oil prices climb as the Iran war and Houthi attacks add to fears over energy flows. In global markets, Asian technology stocks rise even as crude prices climb. Chinese inflation revives as the oil-price spike and AI boom feed into prices, while US Treasury Secretary Scott Bessent puts yen traders on alert. Canadian Prime Minister Mark Carney says tariffs are necessary to protect Canadian workers as the US moves to ban some imports of Canadian dairy products and autos. The EU and Canada are also said to be planning a deal aimed at strengthening trade and security ties. Former US Trade Representative Susan Schwab discusses the increasingly difficult US-Canada relationship, saying ties remain important but could face rocky months ahead. She warns that Chinese businesses could wipe out manufacturing in North America and says the global economy is entering a “new world order.” Qatar records its widest deficit in a decade, while Saudi Arabia plans a mortgage-backed sukuk sale. Majid Al Futtaim reports stronger first-half 2026 results, with EBITDA rising 11% year on year to AED 2.5 billion and net operating profit after tax climbing 25% to AED 1.8 billion. Abu Dhabi's financial hub attracts 4,700 new professionals, highlighting the continued expansion of the emirate's financial-services sector. Senegal's debt restructuring plans raise the prospect of major losses for investors, with bondholders potentially facing losses of as much as 60%. The country unveiled plans to rework its debt on September 1. LIV Golf files for bankruptcy as uncertainty grows over its future, while UK workers move to clear a flight backlog. Guests includes Charles-Henry Monchau, Banque SYZ CIO, Karen Young, Columbia University Senior Research Scholar and Ahmed Galal Ismail, Majid Al Futtaim CEO. Chapters: 00:00:00 - Introdcution 00:05:21 - Oil Jumps as Iran War Escalates, Houthis Attack 00:12:03 - Charles-Henry Monchau, Banque SYZ CIO 00:16:56 - Susan Schwab, Former US Trade Representative 00:27:30 - Karen Young, Columbia University Senior Research Scholar 00:34:47 - Ahmed Galal Ismail, Majid Al Futtaim CEO 00:41:38 - Senegal Debt Revamp Risks 60% Losses for Bondholders -------- 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