Oil Fluctuates Despite Steady Hormuz Flows | Horizons Middle East & Africa 7/6/2026
Community Score: 50% | 716 views | 1w
0 community ratings: null thumbs up, null thumbs down
Today's global markets update covers the biggest developments in geopolitics, energy, finance, and technology. President Trump heads to Turkey for the NATO summit and a meeting with Ukrainian President Volodymyr Zelenskyy, while US stock futures surrender much of their earlier gains as technology shares remain volatile. Asian tech stocks also lose momentum after an early rebound, and Goldman Sachs revises its yen forecast to 165 from 155. In energy markets, oil prices fluctuate as shipping through the Strait of Hormuz continues, OPEC+ raises production quotas, oil and gas cargoes increasingly use the Oman-side shipping route. We also cover Israeli Prime Minister Benjamin Netanyahu's latest remarks on Iran's nuclear ambitions, the IDF's readiness for possible operations in Lebanon, mass funerals in Iran following the death of a senior leader, and the absence of Mojtaba Khamenei from public view. Elsewhere, South African businesses continue accelerating renewable energy investments, with
Tags: Abeer Abu Omar, Africa, Ayatollah Ali Khamenei, Benjamin Netanyahu, Bloomberg, Bloomberg News, Bloomberg TV, Bloomberg Television, Donald Trump, Economy, FIFA, IDF, Iran, Israel, Lebanon, Middle East, Mideast, NVIDIA Corp., Nigeria, OPEC
More from Bloomberg Television
- Americans Crave Low-Cost Chinese EVs — Score: 50%
- Bloomberg This Weekend | Shots Fired at WHCD — Score: 50%
- Rep. Beyer: "We Are More Divided Than We've Ever Been" — Score: 50%
- Rep. McCaul on How to Combat Political Violence — Score: 50%
- Sen. Tillis Expected to Clear Way for Kevin Warsh as Fed Chair — Score: 50%
- King Charles' Security Under Review ahead of DC Visit — Score: 50%