Oil Plummets; Trump Tariffs Impact Africa | Horizons Middle East and Africa 04/07/2025

Oil plummeted as trade risks increased and Saudi Arabia slashed its flagship crude price by the most in more than two years. President Trump’s tariffs are set to undermine a 25-year old pact that gave many of Africa’s poorest nations duty-free access to the world’s biggest economy. Also on the show, Israeli Prime Minister Benjamin Netanyahu is due to meet President Trump in Washington to discuss Gaza. Guests include: Norman Villamin, UBP, Group Chief Strategist; and Mohammad El Saadi, Careem Pay, VP

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:
00:06:13 – Norman Villamin, UBP, Group Chief Strategist
00:13:50 – Israeli PM travels to Washington
00:18:14 – Trump tariffs impact on Africa
00:28:55 – Oil plummets over Saudi Arabia’s price slash
00:37:01 – Mohammad El Saadi, Careem Pay, VP
00:42:43 – Metals take a hit
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