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Brent Tops $100 as Trump Threatens More Iran Strikes | Horizons Middle East & Africa 7/24/2026
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July 24, 2026
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46:10Now PlayingGlobal markets came under pressure as Brent crude climbed above $100 a barrel amid escalating tensions in the Middle East. President Trump threatened to intensify military action against Iran, while traders closely monitored risks to shipping through the Red Sea, adding to concerns over global energy supplies and inflation.
Markets also reacted to President Trump's latest tariff measures, with new import duties ranging from 10% to 12.5% affecting Mexico, the UK, Canada and India. The renewed trade measures added to uncertainty across global equities.
In technology, Intel delivered a stronger-than-expected revenue forecast driven by robust data center demand, while AMD unveiled new data center products. Korean semiconductor stocks declined amid Middle East tensions and a major Chinese chip IPO, and investors prepared for CXMT's debut on Shanghai's STAR Market.
Elsewhere, the Japanese yen headed for its worst week since May as inflation strengthened expectations for further Bank of Japan rate hikes. SpaceX delayed its latest Starship test flight, Egypt called for Middle East de-escalation, Aliko Dangote said he hopes to complete a London secondary listing later this year, and Ukrainian attacks continued to disrupt Russian exports. Guests Includes Ayesha Tariq, Macrovisor Co-Founder; Cormac Mc Garry, Control Risks Maritime Security Director,;Badr Abdelatty, Egyptian Foreign Minister; Mariya Dangote, Dangote Group Executive Director; and Fatima Dangote, Dangote Group Executive Director.
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