Former President Donald Trump has ruled out launching military strikes against Iran before the upcoming midterm elections, a move that has contributed to rising oil prices as tensions in the Middle East persist. The decision comes amid ongoing attacks in the Strait of Hormuz, a critical chokepoint for global oil shipments.
The announcement was made during an episode of Horizons Middle East & Africa, a daily program focusing on the region's fastest-growing markets. The show, broadcast from Dubai, provides global markets analysis and news-making interviews, with a particular emphasis on Middle East and Africa.
Oil prices have climbed in response to the continued attacks in the Strait of Hormuz, underscoring the geopolitical risks that can disrupt supply and impact energy markets. The Strait is a vital route for oil tankers, and any disruption can lead to significant price volatility.
The program is available on multiple platforms, including Apple TV, Roku, and Samsung TV, catering to viewers across different time zones, from the Gulf to London and Johannesburg.