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MeidasTouch host Ben Meiselas reports on Donald Trump finally cracking under pressure over his war in Iran as he begs the former allies of the United States to help out in the Strait of Hormuz and as his FCC threatens news networks who do not report on Trump’s fabricated messages on the war.
The United States has announced a 30-day waiver allowing certain countries to buy sanctioned Russian oil, as Brent crude surpasses $100 per barrel.
The move comes amid Iran’s closure of the Strait of Hormuz and attacks on Gulf shipping.
In this World Talks interview, Scott Lucas, Professor of American Studies at University College Dublin, explains how the waiver benefits Russia, the risks for global energy markets, and the wider geopolitical implications.
The discussion also examines the challenge for Europe in supporting Ukraine while managing Middle East instability.
Host: Sascha Fahrbach
John Kilduff, Again Capital's founding partner, says that oil storage in the Gulf is "100% the problem" and adds that the energy market will remain under pressure for longer.
US President Donald Trump predicts that the war with Iran would resolve “very soon” as he confronted mounting economic and political pressures. Also on the show: Crude tumbles after Trump's comments on Iran war; oil shock reopens the door to rate hikes in Africa.
Guests include: Aditya Saraswat, Senior VP, Head of MENA Research, Rystad Energy; Sree Kochugovindan, Senior Research Economist, Aberdeen Investments; Meir Javedanfar, Professor of Iran Politics, Reichman University
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.
Jasmine El-Gamal, former Middle East Advisor at the U.S. Department of Defense and Founder & CEO of Averos Strategies, tells CNBC that President Donald Trump has boxed himself in with his increasingly escalatory rhetoric on Iran - leaving few off-ramps to de‑escalate the conflict, short of demanding unconditional surrender.
She warns that even if a deal is reached, underlying tensions could easily resurface in the years ahead, raising fresh questions about long‑term security in the Gulf.
Clayton Seigle from CSIS says the market is scrambling to catch up with the prospect that talk of unconditional surrender and more assets including refineries, storage terminals, offshore facilities coming into the direct line of fire suggest the crisis period will last longer.
Former U.S. Ambassador to Israel Tom Nides joins Bloomberg’s David Gura and Christina Ruffini on “Bloomberg This Weekend” to discuss the complexity of foreign policy in the Middle East.
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Carl Bildt, former Swedish prime minister and co-chair of the European Council on Foreign Relations, tells CNBC that President Donald Trump’s decision to strike Iran is a “war of choice,” not a necessity.
Bildt argues that Trump’s interventionist foreign policy approach reflects a belief that the U.S. can secure its objectives through sheer military might.
Live view of Tel Aviv and Jerusalem skyline. The United States is participating in the Israeli strikes against Iran, according to a U.S. official and a person familiar with the operation, who spoke on condition of anonymity to detail sensitive military operations.
Scott Chronert, Citi US equity strategist, and Nicole Webb, Wealth Enhancement Group SVP, joins 'Closing Bell Overtime' to talk the day's market action.