Iran, Israel Pledge to End Attacks; OpenAI Files For IPO | Horizons Middle East & Africa 6/9/2026
Speakers
Zahabia Gupta
— Managing Director, S&P Global Ratings EM Credit Research Head
Charu Chan
— Crypto Analyst, CoinDesk
Summary
The video covers the de-escalation between Iran and Israel, its impact on oil prices, and the rebound in Asian stocks after an AI selloff. It also discusses OpenAI's IPO filing, Apple's Siri AI upgrades, and the upcoming SpaceX IPO. Zahabia Gupta provides an oil price forecast and credit risks for African sovereigns, while Charu Chanana comments on AI valuations and future opportunities.
- Iran and Israel agree to hold fire after Trump urges de-escalation.
- Asian stocks rebound led by KOSPI, reversing losses from AI selloff.
- OpenAI files confidentially for IPO, aiming to list before year-end.
- Apple unveils Siri AI overhaul at WWDC, beta available later this year.
- Spacex IPO oversubscribed, aiming to raise $75 billion, potentially biggest ever.
- Zahabia Gupta raises Brent crude base case to $105/bbl due to Strait of Hormuz disruptions.
- Zahabia warns of credit pressure on Senegal, Egypt, Mozambique, and Rwanda from the war.
- Charu Chanana says AI valuations look expensive at 30x forward earnings, expects more volatility.
Ideas
Oil to stay elevated due to Strait
Zahabia Gupta raises base case for Brent crude to $105 a barrel for the rest of the year, citing the Strait of Hormuz disruption causing loss of 10-12% of global supply, and expecting a gradual and fragile reopening with intermittent disruptions that will keep prices elevated.
Up Next
This Bloomberg Markets video, published June 09, 2026, features Zahabia Gupta discussing BNO. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: Zahabia Gupta · Tickers: BNO