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Houthis Force Saudi Tankers to Reroute Around Africa | Horizons Middle East & Africa 8/24/2026
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August 24, 2026
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45:33Now PlayingSaudi oil logistics face fresh disruption as Houthi threats push tankers away from the Red Sea and around Africa, adding significant sailing time and costs.
The US is preparing a major economic isolation plan for Iran, with President Trump targeting Tehran’s economy. China says it is closely monitoring the situation and remains committed to supporting talks.
US-Canada trade talks collapse as Washington imposes 50% tariffs on hundreds of Canadian imports. Prime Minister Mark Carney says Canada will impose $20 billion in counter-tariffs from September 8 and warns the trade conflict could continue beyond the US midterms.
In markets, Bessent’s bond strategy revives the global debasement trade as investors assess the risk of another Treasury selloff. Turkey’s central bank shifts funding back toward its 37% policy rate, while Warsh prepares for his first Jackson Hole speech.
In technology, Alibaba raises $10 billion in a record Hong Kong share sale, while Shein seeks up to $1.8 billion in a Hong Kong IPO. Nvidia prepares to raise AI-related prices as memory costs increase, with Nvidia-powered server prices reportedly set to rise more than 15%.
China showcases its growing robotics ambitions as a humanoid robot sets a new 100-meter record before crashing. Singapore announces major family-support measures worth more than $55,000 per child as birth rates fall.
Investors also assess a potential strategy shift in Abu Dhabi, including L’Imad’s reported offer for Abu Dhabi Ports at 6.25 dirhams a share.
In Africa, AI is being deployed to improve election transparency in Nigeria, with a nonprofit tracking and collating results in real time. Ethiopia continues efforts to support its currency, while the region faces broader economic pressures.
We also cover Turkey’s monetary policy, Bessent’s debt strategy, China’s AI progress, Samsung’s shareholder returns and the growing impact of Houthi attacks on Saudi oil exports. Guests includes Afshin Molavi, Johns Hopkins University Foreign Policy Institute Senior Fellow, Abdul Kadir Hussain, Arqaam Capital MD, Fixed Income Asset Management and Alan Siow, Ninety One Emerging Market Corporate Debt Co-Head.
Horizons Middle East & Africa is your daily spotlight on one of the world's fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg.
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