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Gold held a modest gain as US bond yields softened and Federal Reserve officials signaled they needed more time to weigh their next move on interest rates, even as a possible escalation in the Middle East kept energy costs elevated.
Oil rose a third day on signs the conflict in the Middle East is escalating, threatening to hamper a recovery in energy flows from the region.
Fintech unicorn MNT Halan is proceeding with a long-anticipated initial public offering in Egypt, seeking to capitalize on a stock-market rally and booming consumer lending in the Middle East’s most populous nation.
Chinese automotive groups have cause to celebrate their go-global strategy amid breakneck export growth in recent years, with deliveries in 2026 expected to beat expectations already buoyed by an international energy shock caused by conflict in the Middle East. Leading carmakers from BYD to Chery Automobile have doubled down on overseas expansion, with some evolving into powerful contenders in markets such as Europe and Africa, which were once dominated by the likes of Volkswagen. “A sluggish...
Oil steadied after gaining early on October 1st on uncertainty over the Middle East flow recovery can be sustained. Crude rose for a third month in September, as Washington and Tehran failed to make headway toward a lasting peace agreement that would fully reopen the Strait of Hormuz. Victoria Mitchell, Control Risks’ Senior Analyst for Maritime told Bloomberg’s Abeer Abu Omar on Horizons Middle East & Africa on the oil exports going up. (Source: Bloomberg)
Oil steadied after gaining in the previous session amid uncertainty over whether a recovery in Middle East flows can be sustained.
The US has formally concluded Operation Inherent Resolve in Iraq with the departure of coalition forces and equipment, according to a Pentagon statement. Lt. General Karen Gibson (Retired), Former-Deputy Director of National Intelligence joined to discuss this as well as the latest in the Middle East. (Source: Bloomberg)
US equity futures waver ahead of PCE inflation data and Micron earnings. Oil flows from the Middle East are returning toward pre-war levels despite continued risks to shipping, according to JPMorgan and Goldman Sachs. President Trump endorses independent audits of AI systems through an accord with tech executives. Mads Pedersen of Human Edge Investment Technology joins "Bloomberg Brief" to discuss bond market risks ahead of key economic data. (Source: Bloomberg)
Singaporean state-owned investor Temasek Holdings is expanding its operations across the Middle East, opening new offices in Saudi Arabia and the United Arab Emirates from 2027 as it ramps up investments across the region.
Crude oil flows from the Middle East are returning toward pre-war levels despite continued risks to shipping, according to separate estimates from JPMorgan & Goldman Sachs. Meanwhile the diplomatic stalemate between the US & Iran continues with Hormuz & nuclear weapons being the main sticking points despite mediation efforts from Qatar. Aniseh Bassiri Tabrizi, Associate Fellow MENA at Chatham House spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East & Africa on the impasse between the two sides. (Source: Bloomberg)
IIF Deputy Chief Economist Ashok Bhundia argues that dwindling oil and diesel inventories around the Strait of Hormuz present a more urgent global risk than US-China strategic competition. He warns that elevated crack spreads are driving cost-push inflation and could trigger a sudden market shock. (Source: Bloomberg)
Tokyo, Sept. 30 (Jiji Press)--Electricity rates for October usage will hit record highs at all 10 major Japanese utilities due to the end of a government subsidy, with energy prices remaining elevated amid turmoil in the Middle East. The utilities announced Tuesday that standard household rates for October usage, billed in November, will rise by between 835 yen and 1,578 yen from the previo...
Qatari leader tells Piers Morgan that Doha will continue to uphold diplomacy and mediate for peace in the Middle East.
Stocks in Asia were set for broad gains on Wednesday after oil prices fell, easing some pressure on markets as investors weighed the latest developments in the Middle East and the ongoing US-Iran stalemate.
Fading hopes for a breakthrough in the Middle East and rising inflation worries pushed US stocks lower before the bell on Monday.
The direction of capital flows in the Middle East is changing with the US-Iran war making the shift more visible. For decades, the Gulf's relationship with Wall Street was largely defined by capital flowing out and being deployed everywhere. This continues but now the Gulf is also becoming an increasingly important target for global investment. BlackRock Investment Institute Chief Middle East and APAC Investment Strategist Ben Powell spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East & Africa on the flow of investments in & out of the region. (Source: Bloomberg)
Hong Kong flag carrier Cathay Pacific Airways has extended its suspension of passenger flights to the Middle East until the end of January next year, marking the third postponement since the US-Israel war on Iran began. The airline said on Monday that passenger services to Dubai in the United Arab Emirates and Riyadh in Saudi Arabia would remain cancelled through January 31, 2027. “Affected travellers will be offered the flexibility to rebook, divert or refund their tickets,” Cathay said. “We...
Han Zheng, China’s vice-president, called on “major countries” to respect the sovereignty and security of Middle Eastern nations and bring about a two-state solution for the “Palestinian question” on Saturday at the UN General Assembly (UNGA) in an implicit dig at the US and Israel. This came as some analysts questioned why Chinese President Xi Jinping opted not to address the global body given his three-day summit in Washington with US President Donald Trump this week – despite the short...
Benjamin Netanyahu dismissed genocide claims and defended Israel's operations in Gaza, Iran, and elsewhere in the Middle East.
Oil climbed higher Thursday, with Brent futures jumping more than 3%, after a top Iranian military official said Tehran may broaden the war to the Indian Ocean if attacked. Charles Gorrivan reports on Bloomberg Television. (Source: Bloomberg)
An attack on a cargo ship in the Strait of Hormuz on Wednesday killed an Indian sailor, Omani and Indian authorities said, with the latter condemning the ongoing attacks in the vital shipping lane. Since the start of the Middle East war, Iran has sought to impose its control over the maritime conduit for Gulf oil and gas, occasionally striking ships accused of failing to coordinate with its authorities or deviating from its preferred route. In retaliation, the US has been enforcing a...
Oil headed for the longest losing streak in more than a year, as Saudi Arabia moved to restart a key pipeline and the US flagged progress in talks with Iran to end a war that’s rocked the Middle East since March. Mekala Krishnan, Partner at McKinsey Global Institute spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East & Africa about the disruption in the Strait of Hormuz and its impact on oil. (Source: Bloomberg)
The Trump administration has proposed a $5 billion fund to help rebuild critical infrastructure across the Middle East damaged in the war with Iran even though the seven-month conflict continues.
Oil steadied after a four-day slump, as Middle East supply concerns eased and traders tracked diplomatic efforts to end the US-Iran war.
British Prime Minister Andy Burnham said on Monday he had agreed to a request from Saudi Arabia to provide defensive air-to-air refuelling for a limited time period, a move he described as helping to stabilise the wider region. Riyadh requested support after the Houthis, who control the most populous parts of Yemen, intensified their attacks on Saudi Arabia, a new front in the wider war that began with US and Israeli strikes on Iran in late February. “We have received a request from the...
The French government is holding urgent meetings today as it looks for ways to tackle rapidly rising fuel prices. Drivers are paying record-high prices for diesel, as the war in Iran disrupts crude oil shipments from the Middle East. But with public discontent growing, the government has limited options, as France’s finances are already under pressure. This report is from Bryan Quinn and our colleagues at France Télévisions.