Trump Faces Emboldened Xi as War Clips US Leverage | Horizons Middle East & Africa 5/13/2026

Summary

The video covers President Trump's trip to China for a summit with Xi Jinping amid the Iran war, which has reduced US leverage. Markets are focused on higher inflation, rising oil prices, and the potential for Fed rate hikes. UK political turmoil adds to uncertainty, while AI investment themes remain strong. Guests include OCBC's economist, General Atlantic's CEO, and Presight's CEO.

• Trump heads to Beijing for first US presidential visit in nearly a decade, with Jensen Huang among CEOs joining him.
• Satellite images show Iran's Kharg Island oil exports appear to have stopped, indicating possible storage constraints.
• US CPI accelerated to 3.8%, the highest in three years, driven by energy costs, fueling expectations of Fed rate hikes.
• UK Prime Minister Keir Starmer faces leadership challenges as 90 Labour MPs call for his resignation, pushing gilt yields higher.
• General Atlantic CEO Bill Ford says AI demand is insatiable and the investment cycle is accelerating, with half of global private capital flowing into AI.
• Presight CEO Thomas Pramotedham reports 22% revenue growth and highlights sovereign AI as a key growth driver in the UAE and internationally.
• Dubai's ruler tightens control over Emaar by acquiring a >20% stake via Dubai Holdings, aiming to manage real estate supply and pricing.