Oil Hits Wartime High; Trump Rejects Iran Offer | Horizons Middle East & Africa 4/30/2026

Posted on 04/30/2026
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US President Donald Trump told Axios he will not lift a naval blockade of Iran's ports until he secures a deal with Tehran. Also on the show: divided Fed officials hold rates in Jerome Powell's final meeting as chairman; US big tech under scrutiny as heavy AI spending deliver mixed results; UAE decision to quit OPEC has been driven by its worsening rift with Saudi Arabia; Iran war is fueling a piracy resurgence off Somalia's coast; ECB set to keep rates unchanged. Guests include: Anita Krishna Gupta, Wealthbrix Capital Partners, CIO; Karen Young, Columbia University Center on Global Energy Policy, Senior Research Scholar.

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

00:05:58 - Trump rejects Iran's Hormuz offer, maintains blockade

00:09:58 - Anita Krishna Gupta, Wealthbrix Capital Partners, CIO

00:16:12 - AI spending pressure jolts big tech shares

00:27:56 - Karen Young, Columbia University Center on Global Energy Policy, Senior Research Scholar

00:34:45 - Iran war fuels piracy surge off Somalia coast

00:39:11 - ECB finds no clear case to hike yet

00:43:07 - European bank earnings in full swing

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