Iran Stands Firm on Hormuz, OpenAI Pauses Top Model After Sandbox Escape
Oil climbs as Iran stands firm on the Strait of Hormuz. President Masoud Pezeshkian says the US must make clear it does not seek regime change, while Tehran awaits a definitive US response. Donald Trump says Iranian conditions are something Washington might have accepted a year ago.
The bond selloff resumes as oil rises, with traders watching the US yield curve flatten, while equity-market sentiment swings from fear to greed.
The US and China release product lists for a $30 billion tariff deal as Chinese optical stocks fall on a proposed US transceiver bill. Beijing may also allow Alibaba to buy new Nvidia chips. Xi Jinping calls for responsible AI governance, while Washington says its Taiwan policy remains unchanged.
OpenAI pauses training of its most capable model following a sandbox escape, as reports say its models accessed SEC data. Anthropic CEO Dario Amodei is set to meet Trump, Australia’s Senate wants Amodei and Sam Altman to face an AI safety inquiry, and Bill Gates warns about the potential dangers of powerful AI.
Aramco is said to be working with Evercore on a gas unit that could be valued at $100 billion as it targets an 80% production increase by 2030. BlackRock estimates GCC capital expenditure could reach $2.1 trillion through 2030.
The Houthis targeted Riyadh on Saturday, while Trump says arrested men planned to attack RAF Fairford in the UK.
Japan’s finance minister warns against excessive yen volatility as yields rise. Elsewhere, Solidigm weighs a US IPO, fighting spreads across Ethiopia, cocoa disruptions persist, Northern Star rejects a Gold Fields proposal, Bangkok floods force a two-day public holiday, and EU leaders discuss ECB appointments. Guests includes Haig Bathgate, Callanish Capital CEO and Ben Powell, BlackRock Investment Institute Chief Middle East & APAC Investment Strategist.
Horizons Middle East & Africa is your daily spotlight on one of the world’s fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg.
Chapters:
00:00:00 – Introduction
00:05:16 – Houthis Target Saudi Capital Riyadh
00:08:18 – Trump-Xi Summit
00:13:01 – Haig Bathgate, Callanish Capital CEO
00:19:58 – Satsuki Katayama, Japanese Finance Minister
00:27:51 – Ben Powell, BlackRock Investment Institute Chief Middle East & APAC Investment Strategist
00:35:01 – Aramco Said to Work With Evercore on Gas Unit
00:43:06 – EU Leaders Talk About ECB Picks
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