Yemen Says It Retook Mocha Port as Hormuz Oil Transits Rise and Saudi Pipeline Runs Normally

Yemen says its forces have retaken the strategic Red Sea port of Mocha as the military launches a broader campaign to capture territory. Oil markets remain in focus after the G7 released as much as 100 million barrels of emergency oil and diesel. Saudi Aramco issues a warning as the kingdom’s East-West oil link operates normally. Kuwait’s oil output recovers to 75% of prewar levels as Hormuz transits rise, while Iraq seeks more tankers to control its oil shipments through the strait. Global bonds extend their selloff, pushing long-end US yields to their highest levels since 2002. Asian bonds track Treasury losses, while French debt faces further Japanese selling. European bonds diverge as investors unload French and Italian debt, sending the euro to a 17-month low amid France’s fiscal concerns. Ray Dalio warns of the possibility of a US debt crisis within three years. Stocks hover near records, while a US tech rally and cheaper oil lift Japanese equities. Japan’s 10-year bond sale draws solid demand. AI firms testify at an Australian inquiry as OpenAI apologizes over a breach and holds funding talks with UAE investors and BlackRock. Australia’s Jim Chalmers says AI can deliver a productivity dividend if handled correctly. Kuaishou’s Kling AI is said to be selecting banks for a $1 billion-plus IPO, while Moonshot AI is reportedly closing a funding round at a $50 billion valuation and considering a Hong Kong IPO in early 2027. Elsewhere, US-India trade talks remain at an impasse, Germany and France push a new trade tool to counter China, and Spain’s Pedro Sánchez calls a snap election amid a housing crisis. Qualcomm and Huawei sign a patent cross-license agreement. Ebola spreads to seven Congolese provinces as health experts battle exhaustion, while Ethiopia rejects efforts by regional powers to block its Red Sea ambitions. South Africa may also revise its Road Accident Fund levy. Guests includes Gene Tannuzzo, Columbia Threadneedle Fixed Income Global 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 - Introdcution 00:04:02 - Yemen Says It’s Retaken Red Sea Port of Mocha 00:08:21 - Gene Tannuzzo, Columbia Threadneedle Fixed Income Global Head 00:17:50 - OpenAI Apologizes for Breach at Australian Inquiry 00:27:31 - OpenAI Holds Funding Talks With UAE Funds 00:30:45 - Moonshot Eyes Early IPO 00:34:21 - Ebola Spreads as Experts Battle Exhaustion 00:41:02 - Ray Dalio, Bridgewater Associates Founder -------- 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