Brent Tops $100 as Trump Threatens More Iran Strikes | Horizons Middle East & Africa 7/24/2026

Watch on YouTube ↗  |  July 24, 2026 at 07:46  |  46:10  |  Bloomberg Markets
Speakers
Stuart Livingstone-Wallace — Bloomberg Executive Editor for Middle East, North Africa, and Russia
Ayesha Tariq — Co-Founder, Macrovisor
Ed Ludlow — Co-Host, Bloomberg Technology
Cormac Mc Garry — Maritime Security Director, Control Risks
Mariya Dangote — Executive Director, Dangote Group

Summary

Global markets came under pressure as Brent crude soared above $100 on escalating Middle East tensions and Red Sea shipping threats. President Trump imposed new tariffs on trading partners while tech stocks sold off sharply. Intel's strong results provided a positive data center signal, but Korean semiconductors declined ahead of a major Chinese IPO. Interviews highlighted oil supply risks, tanker shipping opportunities, and Dangote Group's planned London listing.

  • Brent crude breaks above $100/bbl on Iran escalation and Houthi attacks on Saudi tankers
  • Trump institutes new 10–12.5% tariffs under 'Liberation Day 2.0' using Section 301
  • Magnificent Seven lose nearly $800B in market cap; NASDAQ futures point lower
  • Intel jumps in late trading on data-center-driven revenue beat and sharp capex guidance
  • Korean semiconductor stocks fall on spending jitters and competitive threat from CXMT IPO
  • Japanese yen weakens toward 164 as inflation supports further BOJ rate hikes
  • Maritime expert highlights near-zero Hormuz traffic and tanker rate opportunity
  • Dangote Group expects London secondary listing for cement business, refinery IPO on track
Ideas
Stuart Livingstone-Wallace Bloomberg Executive Editor for Middle East, North Africa, and Russia 6:33
Red Sea attacks threaten oil supply
Oil supply is set to be constrained because the Red Sea, a critical lifeline with the Strait of Hormuz effectively closed, is now threatened by Houthi attacks on Saudi tankers. Tankers either face a dramatic decline in exports from Red Sea ports or must take a costly detour around Africa, leading to reduced available supply for the market.
BNO HIGH
Ed Ludlow Co-Host, Bloomberg Technology 9:19
Intel turnaround on data center boom
Intel delivered a revenue forecast that shattered estimates, driven by booming data center demand. The CPU market is taking off, demand growth is outpacing supply improvements, and the company plans over $20 billion in capex this year and higher next year, signaling a strong turnaround.
INTC HIGH
Cormac Mc Garry Maritime Security Director, Control Risks 33:37
Tanker rates to rise on supply squeeze
Disruptions in the Red Sea and Strait of Hormuz are reducing the effective supply of tankers. With less supply and demand still present, tanker operators can charge significantly higher rates, creating a strong business opportunity in tanker shipping.
BWET MED
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This Bloomberg Markets video, published July 24, 2026, features Stuart Livingstone-Wallace, Ed Ludlow, Cormac Mc Garry discussing BNO, INTC, BWET. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Stuart Livingstone-Wallace, Ed Ludlow, Cormac Mc Garry  · Tickers: BNO, INTC, BWET