Horizons Middle East & Africa 9/8/2026
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Iran says a deal with Oman over shipping through the Strait of Hormuz is just days away and will include a temporary safe route, with Tehran preparing to declare a restricted zone in the coming days. Oil climbs on renewed Hormuz risks and stronger Chinese buying, with Brent nearing $100 a barrel. Qatar exports its first LNG shipment through Hormuz in weeks, potentially bringing relief to price-sensitive buyers. Canada hits back in its trade dispute with the US, imposing new tariffs after Washington targeted key Canadian exports including furniture, plywood, plastics, electrical equipment and liquor. The two countries have nearly $900 billion in bilateral trade. President Donald Trump also threatens to bar Bombardier jets from the US, while tariffs are forcing companies including Sapporo to shift production from Canada to the United States. US stocks slip as higher oil prices keep traders cautious. Copper hits a record high amid tariffs and struggles at major mines. In currency markets,
Tags: Abeer Abu Omar, Abu Dhabi National Oil Company (ADNOC), Africa, Anthony Stephens, Anthropic PBC, Bloomberg, Bloomberg News, Bloomberg TV, Bloomberg Television, Brent Crude, Canada, China, Copper, Dangote Group, Donald Trump, Economy, Humain, Iran, Israel, Japan
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