Iran Drone Hits Kuwait Offshore Oil Rig | Horizons Middle East & Africa 7/13/2026
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Global markets remain focused on escalating tensions in the Middle East as the US and Iran exchange another round of military strikes. The US military launched a new wave of attacks targeting Iranian positions, while Iran responded with drone strikes aimed at US military positions in Kuwait. Washington says the latest operations are intended to degrade Iran's ability to threaten commercial shipping in the Strait of Hormuz, while the IRGC claims it struck a US drone operations center at Sheikh Isa Air Base in Bahrain. The renewed conflict has left energy markets on edge as uncertainty over the Strait of Hormuz continues. We also cover Apple's lawsuit against OpenAI alleging trade secret theft, Nippon Paint's $8.6 billion bid for Akzo Nobel's paint business, reports that SoftBank is considering a stake in Seven & i Holdings, and the death of former Qatari ruler Sheikh Hamad, which comes as Senator Lindsey Graham's political future raises fresh questions over US Senate succession. In Asia
Tags: Abeer Abu Omar, Africa, Apple Inc., Bloomberg, Bloomberg News, Bloomberg TV, Bloomberg Television, Donald Trump, Economy, Iran, Israel, Kevin Warsh, Kuwait, Lindsey Graham, Middle East, Mideast, Oil, OpenAI Inc, Strait of Hormuz, Ukraine
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