Trump says renewed attacks on Iran are likely to be short-lived

Saudi Oil Falls to 9-Year Low as Tanker Attacks Rise | Horizons Middle East & Africa 9/3/2026. GOOD MORNING. THIS IS "HORIZONS MIDDLE EAST & AFRICA." OUR TOP STORIES, STRIKES CONTINUE, TRUMP SAYS RERENEWED ATTACKS ON IRAN ARE LIKELY TO BE SHORT LIVED AND INSISTS THE U.S. CONTROLS HORMUZ. INVESTORS BRACE FOR POSSIBLE REACTION AROUND THE B.O.J. DECISION AND JAPAN’S LONG HOLIDAY AND MARKETS FACE THE POSSIBILITY OF A BIGGER THAN USUAL RATE HIKE AND CHIPS MAY FACE A FRESH ROUND OF TARIFFS ON IMPORTS. IT’S JUST GONE 8:00 A.M. ACROSS THE EMIRATE. I’M ABEER ABU OMAR IN DUBAI. LET’S LOOK AT WHAT MARKETS ARE DOING. S&P FUTURES STILL NOT DOING MUCH. FLAT, ALBEIT TO THE UPSIDE THIS MORNING. THE IT CLOSED UP FOR THE FIRST TIME IN THREE DAYS. BROADCOM, THE CLIP MAKER THAT RIVALS NVIDIA DID SAY THAT THE AI CHIP BOOM WILL BE CONTINUING. THE REVENUES EXPECTED OUT OF THE AI CLIP GENERATING PROFITS OR REVENUES IN THE FISCAL YEAR OF 2027 EXPECTED AT 115 BILLION SO A BEAT THERE ALSO PAINTED A POSITIVE PICTURE FOR TECH STOCKS IN GENERAL AND ASIAN EQUITIES MORE THAN 1% HIGHER THIS MORNING. THE KOSPI IS GAINING. NIKKEI 225 IS GANG THIS MORNING TAKING THEIR CUES FROM WALL STREET’S CLOSING YESTERDAY AND ALSO GEOPOLITICS IN THE REGION. THAT IS WHY OIL, BRENT CRUDE IS SNAPPING A THREE-DAY GAIN THIS MORNING. DROPPING ALTHOUGH STILL ABOVE THAT $95 ON THE BARREL MARK. PRESIDENT TRUMP SAYING THAT THE STRIKES WILL BE SHORT LIVED AGAINST IRAN BUT THEY STILL CONTINUE IN THE REGION. WE’LL TALK ABOUT THAT IN A SECOND AND THEN, OF COURSE, THE YIELD ON THE 10-YEAR NOTES. 4.77%. WE’LL CONTINUE INTO SEPTEMBER WITH THOSE BUYBACKS THAT SCOTT BESSENT HAD ANNOUNCED. THE 10-YEAR YIELDS DROPPING LESS THAN A BASIS POINT THIS MORNING. FOR WILDER MARKET MOVES AND WHAT IS HAPPENING IN ASIAN MARKETS, WINNIE HSU IS STAND STANDING BY IN HONG KONG. WINNIE: WE ARE SEEING THE YEN STRENGTHENING, BREE BREACHING THOSE LEVELS OF 158 AGAINST THE FAMILIAR. WE FIRST SAW THAT STRENGTHENING AFTERNOON IN ASIAN HOURS WHEN WE HEARD HAWKISH COMMENTS FROM THE B.O.J. BOARD MEMBER TAKATA AND THEN WE SAW IN U.S. TRADING HOURS THIS REALLY SHARP MOVE IN THE JAPANESE YEN, STRENGTHENING BY ABOUT ONE POINT THE 2% AS INVESTORS CONTINUE TO BELT THAT THE BANK OF JAPAN MIGHT HAVE TO MOVE EARLIER THAN LATER. WE DON’T KNOW IF THERE WAS AN INTERVENTION OR A RATE CHECK BUT THERE IS A LOT OF CAUTION BUILDING AROUND THE 1 0 LEVEL AGAINST THE DOLLAR SO ALL EYES ARE ON THE MOVES FROM THE BANK OF JAPAN AND THE POTENTIAL INTERVENTION TO COME, ESPECIALLY AHEAD OF THE DECISION MEETING LATER THIS MONTH AS WELL A THREE-DAY HOLIDAY RIGHT AFTER THAT. OVERALL A NICE REBOUND IN ASIAN STOCKS, ESPECIALLY AS OUT PRICES FALL AND THEN WITH THE U.S. DOLLAR ALSO WEAKENING SO THAT IS SUPPORTING THE TECH STOCKS HERE IN THE REGION AS WELL AS FINANCIAL SECTOR GIVEN THE BROAD EXPECTATION FOR THE CENTRAL BANKS TO RAISE RATES. NOW, INTERESTING, FOR THE 30-YEAR HERE, WE ACTUALLY HAD THE J.G.B.340-YEAR BOND OPTION SEEING GREATER DEMAND. BACK TO YOU, ABEER. ABEER: WINNIE, THANK YOU. AS ALWAYS, WE’LL KEEP AN EYE ON THE YEN. 157, 158 AS OF NOW. OIL PRICES A