US to Guide Trapped Ships Through Hormuz; Oil Steadies | Horizons Middle East & Africa 4/5/2026

Summary

The episode covers the U.S. plan to guide neutral ships through the Strait of Hormuz, oil prices steadying around $108, and OPEC+'s symbolic quota hike after UAE's exit. It also discusses Dubai airports' recovery from war disruption, yen intervention speculation, and GameStop's $56 billion bid for eBay. Political tensions in Senegal and market updates from Asia and Europe are also featured.

• President Trump announces U.S. will guide stranded ships through the Strait of Hormuz, but details remain unclear and oil prices are flat.
• OPEC+ agrees to a symbolic 188,000 bpd production increase for June after UAE's exit, seen as unlikely to materially affect supply.
• Dubai Airports CEO Paul Griffiths expects a rapid recovery in passenger traffic after UAE airspace restrictions are lifted.
• The Japanese yen sees sharp moves amid suspected intervention; traders remain on watch for further action.
• GameStop proposes a $56 billion cash-and-stock takeover of eBay, surprising markets with the bold deal.
• Political rift in Senegal between President Faye and PM Sonko threatens the ruling party and IMF negotiations.
• Asia-Pacific markets rally on tech earnings, led by South Korea and Taiwan, tracking Wall Street's gains.
• S&P 500 futures point higher, with the index posting its strongest month since 2020 and volatility declining.