Hormuz Deal in Doubt as Iran Keeps Strait Shut | Horizons Middle East & Africa 8/12/2026

Watch on YouTube ↗  |  August 12, 2026 at 06:38  |  46:04  |  Bloomberg Markets
Speakers
Chandra — Head of Markets
Thomas — CEO, Presight AI
Mark Cudmore — Executive Editor, Bloomberg Live / Macro Strategist
Winnie Hsu — Bloomberg Reporter (Asia Markets)

Summary

The episode focuses on doubts over a Hormuz deal driving oil higher, a strong AI earnings boost led by CoreWeave and Super Micro, and key market implications from upcoming US CPI data. South Korea unveils sovereign wealth fund plans targeting AI, while the yen weakens toward 160 per dollar and Presight AI reports robust Q2 results.

  • Oil extends gains on skepticism a Hormuz deal will restore flows quickly.
  • CoreWeave and Super Micro deliver strong AI sales outlooks, lifting tech shares.
  • Asian equities rally, with KOSPI surging more than 4% led by Samsung and SK hynix.
  • Presight AI reports 30% jump in Q2 profit on contract renewals and expanding footprint.
  • South Korea's sovereign wealth fund targets AI investments in Series B companies.
  • US core CPI print awaited for clues on how Iran war is affecting inflation and Fed policy.
  • Yen approaches 160 per dollar, raising intervention concerns as Japan bank stocks outperform on BOJ rate hike bets.
  • Zambia holds presidential election amid high poverty and record copper output.
Ideas
Chandra Head of Markets 13:33
Strong earnings keep equities climbing.
US equities are resilient and can continue to rise because the second-quarter earnings season has been strong (about 30% better than expected) and the market has demonstrated an ability to shed excesses, restore itself and move higher as long as earnings remain in place.
SPY MED
Thomas CEO, Presight AI 28:02
Presight AI wins from UAE AI spending.
Presight AI delivered one of its strongest quarters in Q2, demonstrating a resilient and relevant business driven by UAE's large investments in AI, broad-based growth with domestic contract renewals and accelerating international expansion in Kazakhstan, the Balkans and Southeast Asia, which gives strong visibility to future revenue.
PRESIGHT MED
Mark Cudmore Executive Editor, Bloomberg Live / Macro Strategist 43:07
Higher US Treasury yields ahead.
US Treasury yields are expected to rise in the coming weeks because the US lacks policy credibility, which is undermining the Treasury market, and energy price uncertainty from the Middle East adds to inflation risk, making the short-term CPI print less relevant.
TLT HIGH
Mark Cudmore Executive Editor, Bloomberg Live / Macro Strategist 44:43
Yen set for much greater depreciation.
The Japanese yen is expected to weaken significantly because Japan has a slow-growing economy, a massive debt pile, negative real yields, and the only way to handle the debt is slow monetization; intervention does not change these fundamentals.
FXY HIGH
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This Bloomberg Markets video, published August 12, 2026, features Chandra, Thomas, Mark Cudmore discussing SPY, PRESIGHT, TLT, FXY. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Chandra, Thomas, Mark Cudmore  · Tickers: SPY, PRESIGHT, TLT, FXY