Oil Slides Below $80 as Iran Breakthrough Takes Shape | Insight with Haslinda Amin 06/17/2026

Watch on YouTube ↗  |  June 17, 2026 at 05:40  |  47:41  |  Bloomberg Markets
Speakers
Aoifinn Devitt — Global Managing Director, Moneta Group
Catherine Thorbecke — Bloomberg Opinion Columnist
Faris Mochtar — Senior Southeast Asia Reporter, Bloomberg

Summary

Coverage of the US-Iran MOUs impact on oil markets and the upcoming Fed decision under new Chair Kevin Warsh. Aoifinn Devitt of Moneta provides investment views favoring private credit, energy dip-buying, SpaceX continuation, and gold as a hedge, while avoiding public fixed income. A separate segment discusses how US AI export curbs are benefiting Chinese AI developers. India's sovereign AI ambitions and political turmoil in Indonesia are also covered.

  • Oil slides below $80/bbl after US-Iran draft MOU promises financial incentives and reopening of Strait of Hormuz
  • First Fed policy decision under Chair Kevin Warsh awaited; markets consider possible hawkish projections despite lower oil
  • Aoifinn Devitt says private credit still attractive while public fixed income entry points are unappealing
  • She recommends buying energy stocks on the dip as long-term AI-driven demand sustains the picks-and-shovels trade
  • Devitt argues SpaceX shares are not at a peak due to forced index demand and rising AI/space revenues
  • Gold seen as a must-own hedge given unresolved global fiscal and debasement concerns
  • Bloomberg Opinion's Catherine Thorbecke says Chinese open-source AI is capitalizing on US export control missteps
  • Indonesia's rupiah and equities under pressure from erratic decision-making in President Prabowo's inner circle
Ideas
Aoifinn Devitt Global Managing Director, Moneta Group 12:28
Private credit still attractive, avoid public fixed income
Private credit remains attractive because public fixed income entry points are unattractive due to unresolved fiscal budget problems, and the yield premium in private credit still looks interesting as long as the portfolio is well diversified and avoids excessive software concentration.
BIZD MED
Aoifinn Devitt Global Managing Director, Moneta Group 12:28
Avoid traditional public fixed income
Traditional public fixed income is unattractive at current entry points because of realized fiscal budget problems that have not been solved, compression of yields, and unattractive risk/reward particularly in longer-duration bonds.
Public fixed income MED
Aoifinn Devitt Global Managing Director, Moneta Group 16:33
Buy energy dip on AI-driven demand
Energy stocks are a dip-buying opportunity because there is massive long-term demand for energy from data centers and AI, and the picks-and-shovels nature of the energy trade makes it a sustainable way to play AI; despite near-term froth from the artificial oil price spike, long-term energy demand from both traditional and renewable sources remains compelling.
XLE MED
Aoifinn Devitt Global Managing Director, Moneta Group 17:35
SpaceX not peaked, forced index demand
SpaceX stock is not yet peaked; forced demand from index inclusion will create buying pressure, AI- and space-based revenues are beginning to justify the multiple, and Elon Musk's leadership and the use of the stock as a transactions currency will sustain upward support, though the stock will be speculative and volatile when lockups expire.
SPCX HIGH
Aoifinn Devitt Global Managing Director, Moneta Group 20:13
Gold hedge still key amid fiscal risks
Gold remains a strong portfolio hedge because the core drivers—global fiscal budget concerns, debasement fears, and equity market volatility—are still in place; a small allocation up to 5% is recommended to stabilize portfolios as equities behave more erratically.
GLD HIGH
Catherine Thorbecke Bloomberg Opinion Columnist 24:34
Chinese AI benefits from US export missteps
Chinese open-source AI developers are gaining a competitive advantage as US restrictions on Anthropic's models highlight the risk of being cut off, while Chinese models are already significantly cheaper; businesses are realizing they may not need top-tier Silicon Valley models, and the combination of cost, reliability, and openness is attracting users.
Chinese AI stocks MED
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This Bloomberg Markets video, published June 17, 2026, features Aoifinn Devitt, Catherine Thorbecke discussing BIZD, Public fixed income, XLE, SPCX, GLD, Chinese AI stocks. 6 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Aoifinn Devitt, Catherine Thorbecke  · Tickers: BIZD, Public fixed income, XLE, SPCX, GLD, Chinese AI stocks