Trump Says Strikes On Iran To Continue | Horizons Middle East & Africa 2/3/2026

Watch on YouTube ↗  |  March 02, 2026 at 08:03  |  49:59  |  Bloomberg Markets
Speakers

Summary

  • Context (March 2026): A major regional war has erupted. The US and Israel are conducting a bombing campaign against Iran; Iran’s Supreme Leader is dead. Iran is retaliating against 10 countries.
  • Energy Shock: The Strait of Hormuz is "effectively closed" not by physical blockade, but by fear—tankers are refusing to transit. Brent Crude spiked 13% initially (settling +6-7% around $77).
  • Market Dislocation: Gulf equity markets (Dubai/Abu Dhabi) are closed due to physical security threats (explosions heard during broadcast).
  • Flight to Safety: US 10Y yields dropped below 4% and the Dollar rose 1.4% as capital flees the conflict zone.
  • Aviation Halt: Airspace across the Gulf is closed, grounding major carriers indefinitely.
Trade Ideas
Freddy Khoueiry Global Security Analyst 11:50
"We are entering a phase of a war of attrition... Air defense ammunitions is a key variable here." + "President Trump is anticipating up to four or FIVE weeks of this campaign." "Attrition" means high consumption of interceptors and missiles. The US and Israel will deplete stockpiles rapidly, necessitating immediate and massive replenishment orders for defense prime contractors (Raytheon for Patriots/missiles, Lockheed for aircraft/THAAD). LONG. The duration (weeks/months) ensures sustained government spending. Supply chain bottlenecks preventing companies from fulfilling orders quickly.
NOC ITA RTX LMT GD
Deepak Mehra Chief Economist, Commercial Bank of Dubai 19:13
"If this conflict prolongs, we will have a re-acceleration of inflation in the U.S... Then that changes the dynamics for the rate cut narrative." The market was pricing in rate cuts. An oil shock is inflationary. If inflation respikes, the Fed cannot cut rates. Higher-for-longer rates compress valuations for growth and tech stocks. SHORT. The macro environment has shifted from "soft landing" to "stagflationary shock." The US economy proves resilient enough to absorb higher energy costs without stalling.
SPY QQQ
Deepak Mehra Chief Economist, Commercial Bank of Dubai
"Money going into traditional safe-spirit... 10 year yields below 4%... Dollar up 1.4%." Capital hates uncertainty. With explosions audible in major financial hubs (Dubai) and markets closed, global liquidity will aggressively rotate into the "Safety Trinity": Gold, US Dollars, and US Treasuries. LONG. This is a classic "fear trade" setup. If the conflict is contained quickly, risk-on sentiment returns, causing a sell-off in bonds and the dollar.
GLD TLT UUP
Leen Al Saady Reporter, Bloomberg (Aerospace)
"This is our third day of full suspensions... The airspace is closed... It means more fuel burn. It means harder logistics." The closure of Gulf airspace disrupts the "Super Connector" hubs (Dubai/Doha). While Asian carriers might gain some share, the net result for the global industry is chaos: higher fuel costs (due to oil spike + longer routes to avoid war zones) and lost revenue from suspended routes. SHORT. Rising input costs (Fuel) + Operational paralysis = Margin compression. US domestic carriers might see a temporary boost if international travel is redirected to domestic/Atlantic routes.
JETS UAL DAL
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This Bloomberg Markets video, published March 02, 2026, features Freddy Khoueiry, Deepak Mehra, Leen Al Saady discussing NOC, ITA, RTX, LMT, GD, SPY, QQQ, GLD, TLT, UUP, JETS, UAL, DAL. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Freddy Khoueiry, Deepak Mehra, Leen Al Saady  · Tickers: NOC, ITA, RTX, LMT, GD, SPY, QQQ, GLD, TLT, UUP, JETS, UAL, DAL