US Hits Iran’s Qeshm Island as Hormuz Talks Keep Oil Markets on Edge

Posted on 11/03/2026
|

US strikes hit Iran’s Qeshm Island even as Washington and Tehran keep diplomatic channels open. JD Vance says the two sides have had good conversations, while Hormuz negotiations remain central to the oil-supply outlook and escalation risks continue to hang over energy markets.
Aramco reports a strong third quarter, with revenue, net income and operating profit all beating estimates. Middle East energy disruptions remain severe, but Weatherford CEO Girish Saligram says the region still offers long-term growth opportunities.
Asian stocks fall as the chip selloff deepens, while Australia raises rates to an 18-year high. Hong Kong technology shares gain as investors rotate toward consumer names, and the onshore yuan ends its recent winning streak.
ADNOC and Eni back an Argentina LNG project as global buyers look for new supply options. YPF Chairman and CEO Horacio Marín discusses Argentina’s energy outlook and improving earnings.
AI is also reshaping the energy sector. AIQ CEO Dennis Jol says the company is accelerating deployment of AI across drilling and facilities, with the technology improving efficiency and enabling more autonomous operations.
West African oil flows fall to their lowest level in seven months.
In US politics, Trump uses Washington’s reflecting pool for his midterm closing message, while the Supreme Court rejects a Justice Department challenge involving California ballots. Guests includes Amos Hochstein, Former Adviser to President Biden & Two Global Managing Partner, Wael Amer, BGN Group COO, Girish Saligram, Weatherford CEO, Horacio Marín, YPF Chairman & CEO,
Dennis Jol, AIQ CEO and Oritsemeyiwa Eyesan, Nigerian Upstream Petroleum Regulatory Commission Chief Executive.

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.



Chapters:

00:00:00 - Introduction

00:05:03 - Amos Hochstein, Former Adviser to President Biden & Two Global Managing Partner

00:13:03 - Wael Amer, BGN Group COO

00:17:23 - Girish Saligram, Weatherford CEO

00:19:43 - Aramco 3Q Earnings

00:26:00 - Horacio Marín, YPF Chairman & CEO

00:31:40 - Dennis Jol, AIQ CEO

00:35:34 - Oritsemeyiwa Eyesan, Nigerian Upstream Petroleum Regulatory Commission Chief Executive

00:42:27 - Trump Picks DC Reflecting Pool for Midterm Closing Pitch

--------

More on Bloomberg Television and Markets



Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9

Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.



Connect with Bloomberg Television on:

X: https://twitter.com/BloombergTV

Facebook: https://www.facebook.com/BloombergTelevision

Instagram: https://www.instagram.com/bloombergtv/



Connect with Bloomberg Business on:

X: https://twitter.com/business

Facebook: https://www.facebook.com/bloombergbusiness

Instagram: https://www.instagram.com/bloombergbusiness/

TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en

Reddit: https://www.reddit.com/r/bloomberg/

LinkedIn: https://www.linkedin.com/company/bloomberg-news/



More from Bloomberg:

Bloomberg Radio: https://twitter.com/BloombergRadio



Bloomberg Surveillance: https://twitter.com/bsurveillance

Bloomberg Politics: https://twitter.com/bpolitics

Bloomberg Originals: https://twitter.com/bbgoriginals



Watch more on YouTube:

Bloomberg Technology: https://www.youtube.com/@BloombergTechnology

Bloomberg Originals: https://www.youtube.com/@business

Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake

Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol

Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts