Oil Risks Soar as Houthis Threaten Red Sea Blockade | Horizons Middle East & Africa 7/21/2026

Watch on YouTube ↗  |  July 21, 2026 at 07:26  |  45:59  |  Bloomberg Markets
Speakers
Ryan Lemand — Financial Analyst
Vonnie Quinn — Anchor, Bloomberg
Lt. Gen. Gibson — Advisor, Academy Securities Geopolitical Intelligence Group

Summary

The episode covers escalating US-Iran conflict with Houthi threats to Red Sea shipping, raising oil supply risks. Guest Ryan Lemand gives explicit bullish oil targets ($100-$150) and rotates into Swiss equities and short-term bonds while avoiding US equities. Markets see a sharp rebound in Asian tech stocks, KOSPI sidecar triggering, and strong Korean export data. Trade tensions with Canada rise over new 50% tariffs, and the air show yields large Boeing and Airbus orders.

  • US strikes on Iran continue for 10th day amid rhetoric of retaliation.
  • Houthis threaten Red Sea blockade, raising oil supply disruption fears.
  • NeoVision CEO says Brent crude should be $100, $150 if straits close.
  • Ryan Lemand recommends Swiss equities and short-term bonds as defensive plays.
  • He also sees US equities as overvalued and worth avoiding.
  • Asian stocks rebound led by KOSPI; Korean won strengthens on hawkish BOK and trade.
  • New 50% US tariffs on Canadian alcohol, cars, dairy escalate trade tensions.
  • Boeing and Airbus secure large orders at air show, view Middle East conflict as manageable.
Ideas
Ryan Lemand Financial Analyst 16:31
Oil to $100, higher on blockade.
Oil prices are artificially low relative to physical market tightness; physical gasoline and diesel are already trading as if oil is above $100 due to refining shortages in Europe and destroyed Russian refineries. With geopolitical risks including potential Houthi blockade of the Red Sea, oil should be much higher—around $100 per barrel, and $150 if the straits close.
BNO HIGH
Ryan Lemand Financial Analyst 18:39
Avoid overvalued US stocks.
U.S. equities are overvalued and are the most vulnerable to sharp drawdowns when volatility rises; reducing exposure now avoids outsized losses during geopolitical shocks.
SPY MED
Ryan Lemand Financial Analyst 18:49
Short-term bonds for safety.
Short-term bonds provide safety and low volatility, helping to shield capital during a period of escalating Middle East conflict and potential market turbulence fueled by overvaluation.
SHY MED
Ryan Lemand Financial Analyst 18:49
Swiss equities as defensive haven.
Swiss equities are a low-volatility, decorrelated defensive rotation that can protect portfolios from escalating geopolitical risk and a sell-off in overvalued assets, particularly those tied to energy sector volatility.
EWL MED
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This Bloomberg Markets video, published July 21, 2026, features Ryan Lemand discussing BNO, SPY, SHY, EWL. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Ryan Lemand  · Tickers: BNO, SPY, SHY, EWL