Saudi Aramco Headquarters Hit in Houthi Attack as Iran Escalates Hormuz Ship Strikes

Saudi Aramco’s headquarters in Dhahran is hit in a Houthi attack, sparking a fire and marking a major escalation against Saudi energy infrastructure. Iran is also intensifying attacks on shipping in the Strait of Hormuz, adding further pressure to regional trade and energy routes. Donald Trump says the Houthis are trying to push oil prices higher at Iran’s behest and says he is considering joining the Saudi-led campaign. Asian stocks rise ahead of US inflation data, while Fed official John Williams says he sees no need for further tightening beyond one more rate increase this month. Bank of America faces potential fines of around $1.2 billion over alleged money-laundering lapses, while an OpenAI employee has been arrested over a hidden recording device. At the Bloomberg New Economy Forum in India, Marubeni President and CEO Masayuki Omoto discusses the changing global supply-chain map and the impact of the Middle East war on supplies. DP World CEO Yuvraj Narayan says the impact of the conflict on shipping, inflation and the cost of trade could be significant, while Cisco Chairman and CEO Chuck Robbins discusses technological sovereignty, resilience and growth opportunities across the Middle East and India. Dangote Refinery profit surges ahead of a planned IPO, while Senegal’s rapid debt-workout plan faces new obstacles and Botswana is said to be nearing agreement on the size of its stake in De Beers. Elsewhere, Canadian International Trade Minister Maninder Sidhu discusses India-Canada trade ties, while Mubadala Deputy Group CEO Waleed Al Muhairi says Asia could account for 25% of the group’s portfolio by 2031, with South Korea among the markets he sees as well positioned. Guests includes Charu Chanana, Saxo Chief Investment Strategist, Rachel Ziemba, Ziemba Insights Founder, Masayuki Omoto, Marub 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 00:02:25 - Saudi Aramco Headquarters Hit in Houthi Attack 00:06:37 - Charu Chanana, Saxo Chief Investment Strategist 00:13:18 - Masayuki Omoto, Marubeni President & CEO 00:19:53 - Bloomberg NEF Panel on the ‘Middle Power’ Moment 00:27:08 - Chuck Robbins, Cisco Systems Chairman & CEO 00:36:51 - Rachel Ziemba, Ziemba Insights Founder 00:39:16 - Yuvraj Narayan, DP World CEO 00:42:58 - Maninder Sidhu, Canadian International Trade Minister 00:48:07 - Waleed Al Muhairi, Mubadala Deputy Group CEO -------- 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:   / bloombergtv   Facebook:   / bloombergtelevision   Instagram:   / bloombergtv   Connect with Bloomberg Business on: X:   / business   Facebook:   / bloombergbusiness   Instagram:   / bloombergbusiness   TikTok: https://www.tiktok.com/@bloombergbusi... Reddit:   / bloomberg   LinkedIn:   / bloomberg-news   More from Bloomberg: Bloomberg Radio:   / bloombergradio   Bloomberg Surveillance:   / bsurveillance   Bloomberg Politics:   / bpolitics   Bloomberg Originals:   / bbgoriginals   Watch more on YouTube: Bloomberg Technology:    / @bloombergtechnology   Bloomberg Originals:    / @business   Bloomberg Quicktake:    / @bloombergquicktake   Bloomberg Espanol:    / @bloomberg_espanol   Bloomberg Podcasts:    / @bloombergpodcasts