Iran Strikes Two UAE Oil Tankers in Hormuz | Horizons Middle East & Africa 8/14/2026
Bloomberg Television·2026-08-14 06:34

Macroeconomic & Market Dynamics - U.S. Treasury borrowing costs for 30-year bonds hit a 25-year high, with the yield on a $25 million sale reaching 5.216%, the highest since 2001 [2][8] - Global equities and the S&P 500 reached record highs, with the S&P 500 closing 0.65% higher, while MSCI Asia Pacific marked its fourth consecutive weekly gain at 2.6% [2][4][5][49] - The U.S. economy lost 203,000 jobs in July, with money markets pricing in a 35% chance of a Federal Reserve rate hike in September [7][17][53] - Turkey's central bank revised its year-end inflation forecast up to 28% [74] Energy & Geopolitical Risks - Brent crude held steady around $87 per barrel, while ongoing disruptions in the Strait of Hormuz and the Red Sea continued to impact global energy and shipping costs [6][23][25][47] - The U.S. Treasury announced plans for unprecedented economic measures and continued blockades against Iranian ports [1][26] - DP World reported a first-half profit of $585 million, maintaining a positive medium-to-long-term outlook on global trade despite near-term uncertainties [34] Technology & Corporate Performance - OpenAI is on track to generate over $40 billion in annualized revenue, driven by growth in coding tools, subscriptions, and advertising ahead of a potential IPO [2][37][49] - Standard Bank reported record first-half profits with a bottom-line increase of 10% and a return of 19.8%, successfully navigating inflationary pressures and Middle Eastern conflicts [81][82] - The Democratic Republic of Congo's Ebola outbreak surpassed 4,400 confirmed cases and 2,000 deaths through August 10, threatening to become the worst in history [89]

Iran Strikes Two UAE Oil Tankers in Hormuz | Horizons Middle East & Africa 8/14/2026 - Reportify