Israel-Lebanon Truce Extended; Hormuz Standoff Continues | Horizons Middle East & Africa 4/24/2026

Summary

The episode covers rising oil prices due to the Strait of Hormuz standoff, an extension of the Israel-Lebanon ceasefire, and Intel's strong outlook. Guests discuss China's growth outlook, Gulf banking resilience, and Europe's energy response. Market sentiment remains cautious but equities show resilience on strong earnings and AI momentum.

• Brent crude rose to $106 as the Strait of Hormuz remains effectively closed, with oil up 17% on the week.
• President Trump announced a three-week extension of the Israel-Lebanon ceasefire to allow broader talks.
• Intel shares surged 20% after-hours on a revenue forecast showing AI infrastructure gains.
• OCBC's Selena Ling expects China Q2 growth to moderate but full-year GDP to meet 4.5% target.
• Deutsche Bank's Jamal Al Kishi said Gulf banking operations have not seen meaningful impact from the war.
• Taiwan's market outperformed as single-stock investment caps were eased, boosting tech stocks.
• DeepSeek unveiled a new AI model, sparking gains in Chinese chip stocks but a muted broader reaction.
• EU leaders signaled progress on Ukraine membership talks but divisions remain on timing and agricultural subsidies.