Buzzberg Cup Live

Hormuz Tensions Rise After UAE Tankers Hit | Horizons Middle East & Africa 7/14/2026

Watch on YouTube ↗  |  July 14, 2026 at 07:20  |  45:30  |  Bloomberg Markets
Speakers
Maurice — CEO, Marisk
Ben Powell — Chief Investment Strategist for APAC, BlackRock
Carla — Chief Economist, Middle East and Pakistan, Standard Chartered
Delta CEO — CEO, Delta Air Lines
Abeer Abu Omar — Reporter, Bloomberg London
Stuart — Executive Editor, Middle East, Africa and Russia, Bloomberg
Paul — Bloomberg Energy Reporter

Summary

Oil prices surge after US strikes on Iran and President Trump reimposes a naval blockade and 20% transit fee on the Strait of Hormuz, with UAE tankers hit. Markets react with risk-off moves, SK Hynix extends declines amid AI trade fears, and bond yields edge up ahead of US CPI. A BlackRock strategist argues markets underestimated the geopolitical tail risk, while Standard Chartered highlights Egypt's resilience. Delta's CEO sees sticky high refined fuel costs but strong demand and pricing power.

  • Oil jumps as US and Iran trade military strikes; Trump reinstates Iranian shipping blockade and proposes a 20% levy on Hormuz transits
  • Two UAE tankers attacked along southern Hormuz route; shipping CEO says no short-term alternative can fully offset the supply loss
  • Asian equities and US futures fall; SK Hynix drops for a third day on profit-taking and broader AI trade jitters
  • Treasury yields hold gains ahead of US CPI and Fed Chair testimony; markets split on a July rate hike or cut
  • BlackRock strategist says markets underestimated Middle East escalation tail risk and cut EM equities to neutral
  • Standard Chartered chief economist sees GCC growth slowing but says Egypt's outlook remains attractive with resilient inflows
  • Delta Air Lines CEO expects refined fuel costs to stay sticky but cites pricing power, 15% below-inflation airfares, and strong travel demand
  • South Africa plans first strategic oil stockpile since apartheid; Kenya considers a $500 million Eurobond buyback
Ideas
Maurice CEO, Marisk 11:46
Strait disruption cannot be offset short-term
Markets had underestimated the pace and severity of the Middle East escalation tail risk and are now undergoing aggressive recalibration, implying oil prices have further room to reflect the geopolitical premium.
WTI MED
Ben Powell Chief Investment Strategist for APAC, BlackRock 17:47
EM equities vulnerable despite strong fundamentals
Despite very strong fundamentals in memory chips and AI, leveraged retail positions and market dynamics make EM equities vulnerable to sharp selloffs, prompting a cut to neutral.
EEM MED
Carla Chief Economist, Middle East and Pakistan, Standard Chartered 31:43
Egypt outlook attractive, inflows resilient
Egypt's economic outlook remains attractive, supported by renewed capital inflows, a strengthening currency, and the central bank expected to hold rates while the Fed stays on hold.
EGPT MED
Delta CEO CEO, Delta Air Lines 32:32
Delta's pricing power offsets sticky fuel costs
Delta can sustain healthy margins despite sticky high refined fuel costs because airfares are still about 15% below inflation, demand remains strong, and the company has significant pricing power without causing demand destruction.
DAL MED
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This Bloomberg Markets video, published July 14, 2026, features Maurice, Ben Powell, Carla, Delta CEO discussing WTI, EEM, EGPT, DAL. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Maurice, Ben Powell, Carla, Delta CEO  · Tickers: WTI, EEM, EGPT, DAL