Iran Ratchets Up Talk of Controlling Hormuz; Stocks Rally | Horizons Middle East & Africa 6/30/2026
Iran reiterated its determination to maintain control over maritime traffic moving through the Strait of Hormuz; Deputy Foreign Minister Kazem Gharibabadi said Iran wants to work out an agreement with Oman to oversee ships passing through Hormuz, but will move forward with its own plans if Oman is not interested. Also on the show: Stock rally extends as tech stocks rebound, Japanese Yen weakens to four-decade low; Hormuz traffic picks up as supertankers sail into Persian Gulf; Dubai stocks set for best quarter in a year as war premium ebbs; Chinese economic momentum stirs anew but slowdown remains likely; South African police on high alert before anti-migrant protests; Burnham’s UK devolution plan lacks answers on financial matters. Guests include: Haig Bathgate, Callanish Capital CEO; Victoria Mitchell, Control Risks Maritime Senior Analyst; Erica Tay, Maybank Macro Research Director.
Chapters:
00:07:55 – Iran ratchets up talk of controlling Hormuz
00:09:53 – Haig Bathgate, Callanish Capital
00:15:29 – Victoria Mitchell, Control Risks
00:27:29 – Dubai stocks set for best quarter in a year
00:30:55 – Erica Tay, Maybank
00:36:27 – South Africa anti-migrant protests
00:41:52 – Burnham vows to grow economy by taking powers out of London
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