Buzzberg Cup Live

Iran Drone Hits Kuwait Offshore Oil Rig | Horizons Middle East & Africa 7/13/2026

Watch on YouTube ↗  |  July 13, 2026 at 06:35  |  46:11  |  Bloomberg Markets
Speakers
John Sfakianakis — Chief Economist and Head of Research, Gulf Research Center
Chey Tae-won — Chairman, SK Group
Praten Jagwani — Global Head and CEO, UTI International

Summary

Oil jumped on escalating US-Iran strikes and conflicting claims over the Strait of Hormuz, pushing Brent crude back toward $80. SK Hynix plunged in Seoul after its NY ADR debut, while the SK Group chairman painted an extremely bullish AI memory demand picture. A UTI International CEO argued the AI rally is a bubble and recommended rotating into gold and short-term Treasuries. The show also covered a 22% drop in Middle East venture capital funding, record UAE oil output, and Senegal’s hidden debt crisis.

  • US-Iran tit-for-tat attacks and Hormuz closure confusion send Brent crude sharply higher
  • SK Hynix ADR debuted up 13% in NY but Seoul shares fell 14% on profit-taking and memory cycle peak fears
  • SK Group chairman asserts AI memory demand will far outstrip supply for years, underpinning a super-cycle
  • UTI International CEO calls the AI rally a bubble and advises rotation into gold and short-term U.S. Treasuries
  • Middle East VC funding fell 22% YoY in H1 2026, with deal count down 41%
  • UAE oil production hit a record high in June as offshore fields ramp up
  • Senegal’s hidden debt scandal stalls infrastructure projects and suspends IMF lending
Ideas
John Sfakianakis Chief Economist and Head of Research, Gulf Research Center 9:04
Oil spikes on Strait of Hormuz disruption
Middle East tensions and contest over the Strait of Hormuz are pushing oil prices higher, with Brent crude already jumping close to $80 and the potential for further upside toward $100 if the conflict escalates further. The disruption and shipping standstill will keep upward pressure on crude.
BNO MED
Praten Jagwani Global Head and CEO, UTI International 18:24
Rotate into gold and short-term Treasuries
The AI rally is a bubble – profit margins of the S&P 493 have flatlined, and the promised productivity gains haven't materialized. When earnings disappoint and demand destruction forces the Fed to cut, capital will rotate into defensive assets. Gold and short-term U.S. Treasuries will benefit as safe havens.
SHV GLD MED
Chey Tae-won Chairman, SK Group 35:26
AI memory super-cycle; supply can't catch up
The AI era has spiked a massive surge in demand for memory chips that will outstrip supply for years. Customers say the company's plan to double capacity in five years is not enough. Supply will never catch up until AGI arrives, making this an exceptional period for memory makers like SK Hynix.
000660.KS HIGH
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815 Money Talk (815머니톡) · Jul 13

This Bloomberg Markets video, published July 13, 2026, features John Sfakianakis, Praten Jagwani, Chey Tae-won discussing BNO, SHV, GLD, 000660.KS. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: John Sfakianakis, Praten Jagwani, Chey Tae-won  · Tickers: BNO, SHV, GLD, 000660.KS