US Moves to Revoke 200,000 Visas | Horizons Middle East & Africa 8/24/2026

Iran and Oman are working toward a longer-term arrangement for the Strait of Hormuz, with further talks planned within 30 to 60 days and discussions over a temporary joint maritime corridor.
Oil prices fall as hopes for a Hormuz arrangement ease concerns over supply disruptions. Traders turn their attention to the Federal Reserve’s rate outlook and Warsh’s upcoming Jackson Hole speech, while Fed’s Barkin warns that US debt will eventually face a reckoning. A short squeeze in US long bonds also highlights the so-called “Bessent put.”
US-Canada trade tensions escalate after Canada retaliates against US tariffs. Prime Minister Mark Carney doubles tariffs on US steel and aluminum to 50% and unveils C$7.5 billion in business support, with the new measures affecting around $20 billion in US exports. Canada’s counter-tariffs take effect September 8, while Washington considers further action.
Nvidia reports earnings Wednesday, with investors looking for evidence that massive AI spending remains sustainable. OpenAI claims a new chip can outperform Nvidia processors, while Fatback reportedly considers a $20 billion bond sale to finance OpenAI.
Australia’s unexpected inflation increase strengthens the case for another rate hike, while Pakistan’s army chief visits Iran as Islamabad steps up efforts to help end the US-Iran conflict.
In energy and technology, Nano Nuclear partners with UAE-based EHC Investment to deploy KRONOS microreactors in the Middle East, targeting off-grid power for data centers, oil and gas operations and mining.
We also cover the US move to revoke visas from 200,000 foreigners, Trump-backed Darline Graham’s GOP runoff victory, Dolly Parton’s death at 80, and Zimbabwe’s economic turnaround as the IMF prepares a September assessment and inflation is expected to fall to 8% this year. Guests includes Jamil Khan, Karachi University International Relations Adjunct Professor, Former Pakistani Ambassador to UAE & Libya, Eric Robertsen, Standard Chartered Global Head of Research  and Jay Yu, Nano Nuclear Energy Founder, Executive Chairman & President.

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
00:04:17 – Iran, Oman to Pursue Permanent Hormuz Corridor
00:08:00 – Jamil Khan, Karachi University International Relations Adjunct Professor, Former Pakistani Ambassador to UAE & Libya
00:14:20 – Hani Kablawi, BNY Executive Vice Chair
00:15:32 – Eric Robertsen, Standard Chartered Global Head of Research
00:27:22 – US-Canada Trade Tensions Escalate
00:31:01 – Nvidia Earnings Preview
00:34:51 – Jay Yu, Nano Nuclear Energy Founder, Executive Chairman & President
00:41:25 – Zimbabwe’s Economic Turnaround
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