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Bloomberg

Lloyd's of London on Hormuz: Insurance Market Is Open

Lloyd's of London Chief Executive Officer Patrick Tiernan discusses the implications of the current situation in the Middle East on insurance markets, with focus on the maritime war risks in the Strait of Hormuz. "The insurance market does continue to remain open and is continuing to quote for risks for both static vessels and for vessels who have taken the decision to transit the Strait of Hormuz," Tiernan tells Bloomberg Television.

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Bloomberg

Roknifard: Munitions Could Be First Factor In Ending War

President Trump has pressed for de-escalation of attacks on energy facilities. Qatar's Ras Laffan Industrial City, which houses the world's largest LNG export plant has suffered extensive damage. It comes after Israel attacked the key gas field South Pars in Iran. On Horizons Middle East and Africa, Senior lecturer from Taylor's University, Malaysia told Joumanna Bercetche that dwindling munition supplies could be a catalyst to ending the conflict.

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Bloomberg

Powell Treading Careful Path as Oil Uncertainty Persists

Federal Reserve Chair Jerome Powell made it clear the US central bank won't cut interest rates again until inflation starts cooling again. Speaking at a press conference Wednesday, Powell also said it was still too soon to gauge the effects of a surge in oil prices on the US economy. Bloomberg's Mark Cranfield breaks down the situation.

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Bloomberg

Iran War Triggers Africa's Hunt to Secure New Fuel

The war in Iran is strangling fuel shipments through the Strait of Hormuz, leaving many African nations with just weeks of oil left. Lacking their own refineries, these countries are now being outbid by wealthier nations, sparking fears of fuel shortages and price hikes across the continent. Bloomberg's Jennifer Zabasajja spoke to Joumanna Bercetche on Horizons Middle East and Africa.

Leia mais: Iran War Triggers Africa's Hunt to Secure New Fuel