Name: Saudi Oil Flows hit 90% Pre-War Rate | Horizons Middle East & Africa 7/3/2026
Uploaded: 2026-07-03T06:46:53+00:00
Duration: 2764 s

Speakers

Rajeev Sibal — Morgan Stanley Senior Global Economist

Richard Windsor — Founder, Radio Free Mobile

Rong Wei Neo — Energy Market Correspondent

Avril Hong — Reporter, Bloomberg Markets

Paul Dobson — Executive Editor, Bloomberg

Summary

Markets rebounded after the AI-driven tech selloff, with chip stocks stabilizing and Samsung rallying on Anthropic chip talks. A softer US jobs report eased Fed rate hike concerns, boosting Treasuries and the Dow. Crude oil prices edged up amid Iranian oil glut and Saudi export recovery, while experts debated AI demand and software valuations. The program also covered Strait of Hormuz tolls, Syrian reconstruction financing, and Ebola's economic impact on Congo.

US jobs growth slowed, reducing pressure on Fed to hike rates and lifting Treasuries and Dow.
Samsung shares rose on report of Anthropic custom AI chip partnership.
AI compute demand remains robust, supporting semiconductor stocks, while software sector seen as undervalued.
Iran struggles to sell oil amid limited buyer interest, while Saudi exports recover to 90% of pre-war levels.
Global oil market may face oversupply in coming years if US-Iran peace holds.
European governments reportedly accept tolls on Strait of Hormuz shipping.
J.P. Morgan arranges $7 billion debt financing for Syrian reconstruction.
Ebola outbreak in Congo could cost over $1 billion and push 1M into poverty.

Ideas

Avril Hong Reporter, Bloomberg Markets 3:24

Samsung rallies on Anthropic chip deal.

Samsung Electronics is leading gains on the back of reports that Anthropic is in talks to manufacture custom AI chips with the company, providing a positive catalyst after two days of heavy selling.

Rajeev Sibal Morgan Stanley Senior Global Economist 6:17

Fed will cut rates, buy Treasuries.

Morgan Stanley expects the Federal Reserve to cut rates next year, contrary to market pricing of a hike in December, because inflation is moving in the right direction and the labor market is stable. This supports a bullish view on U.S. Treasuries as yields decline.

Rong Wei Neo Energy Market Correspondent 16:44

Oil heading for oversupply, short crude.

Global oil markets are on track for a general oversupply in the next few years, driven by OPEC overproduction, new supply from Latin America and the US, and slowing demand. The Iran war temporarily paused this trend, and a durable peace deal could unleash the oversupply, pressuring prices.

Richard Windsor Founder, Radio Free Mobile 34:54

AI compute demand robust, buy semiconductors.

The market is wrong to worry about AI compute demand. Demand for AI compute, especially for 2026, is going to be incredibly robust, as evidenced by Micron's report and strong pricing for AI chips sold to Anthropic and Google. This supports semiconductor stocks.

This Bloomberg Markets video, published July 03, 2026, features Avril Hong, Rajeev Sibal, Rong Wei Neo, Richard Windsor discussing 005930.KS, TLT, BNO, SMH. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Avril Hong, Rajeev Sibal, Rong Wei Neo, Richard Windsor · Tickers: 005930.KS, TLT, BNO, SMH

Saudi Oil Flows hit 90% Pre-War Rate | Horizons Middle East & Africa 7/3/2026

Summary

Ideas

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