US, Iran Near Hormuz Deal, Oil Prices Fall | Horizons Middle East & Africa 8/5/2026

Watch on YouTube ↗  |  August 05, 2026 at 06:50  |  46:02  |  Bloomberg Markets
Speakers
Anthony Stevens — Bloomberg Market Producer
Casey Spray — Market Strategist, AG Capital
Winnie Su — Bloomberg Reporter
Megan Sutcliffe — Principal Analyst, Middle East and Africa, Sibylline

Summary

Global markets rallied on optimism over a US-Iran deal to reopen the Strait of Hormuz, pushing oil below $80 and lifting tech shares. Asian stocks rebounded sharply, led by semiconductor gains, as strong US tech earnings and AI spending boosted sentiment. SpaceX's debut earnings disappointed on high AI CapEx, but that spending is seen supporting the Asian semiconductor supply chain. A strategist warned that markets may be underestimating the upward pressure on long-dated US yields from massive tech CapEx.

  • Oil slides below $80 on Hormuz deal hopes and easing supply fears
  • Asian equities rebound over 2%, led by tech-heavy Korea and Taiwan
  • SpaceX earnings beat revenue but high AI CapEx spooks investors after hours
  • Anthony Stevens sees SpaceX AI spending boosting Korea, Taiwan, Japan semis
  • US reportedly drafting ban on Chinese data center optical components
  • Casey Spray warns markets ignore rising 10-year yields driven by AI CapEx financing
  • India's RBI holds repo rate at 5.25% as widely expected
  • Saudi Arabia pursues diplomacy with Houthis amid Red Sea shipping attacks
Ideas
Anthony Stevens Bloomberg Market Producer 14:48
SpaceX AI spending lifts Asian tech
SpaceX's strong AI compute bookings and its aggressive locking down of Nvidia production will benefit the Asian semiconductor supply chain, which reads very well into Korea, Taiwan and Japan, where tech-heavy gauges are trading strongly.
EWY EWT EWJ MED
Casey Spray Market Strategist, AG Capital 37:53
Long US 10-year yield on AI CapEx
Markets are underestimating the rise in long-dated US Treasury yields driven by massive AI CapEx spending from top firms, which requires increased debt issuance and internal funding. The 10-year yield already reached its highest since 2007, and the market's crowding in equities ignores looming bond sell-off ramifications.
10-year US Treasury yield MED
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This Bloomberg Markets video, published August 05, 2026, features Anthony Stevens, Casey Spray discussing EWY, EWT, EWJ, 10-year US Treasury yield. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Anthony Stevens, Casey Spray  · Tickers: EWY, EWT, EWJ, 10-year US Treasury yield