霍尔木兹海峡重开谈判推进，伊朗警告若遭袭将扩大报复范围

Good morning. This is horizons, Middle East and Africa. Our top stories this morning. Stocks stabilize Asian markets limit losses after Wall Street's worst selloff since June. Investors remain cautious as questions linger over whether the eye trade is facing a correction or a deeper reset. Oil retreats crude falls as President Trump is set to favor more time for diplomacy with Iran before considering fresh strikes. This shift eases fears of an immediate escalation, even as attacks around turmoil continue and Gulf leaders push to avert another round of U.S.

Israeli strikes on Iran amid fears of a wider conflict. Regional powers are stepping up diplomatic efforts as Washington waits its next move on Tehran. It's just gone 9 a.m. across the Emirates. I'm up here in Abu Dhabi this time around. We are live at the opening ceremony, just about to start, with conversations about energy and everything around energy markets. But before we get to all of that, let's get a quick look at where markets are sitting.

Of course, all investors are waiting for the midterm elections. And what happens in the aftermath of that, whether it's the moves on inflation, on the benchmark yields or on oil prices. But for a look at what is happening in Asian markets this morning, we've got Anthony Stevens standing for us in Hong Kong. Anthony good morning. What are you looking at? Morning. Thanks. You mentioned that markets were doing better than expected.

And one of the big reasons for that is the earnings out of tech. So we had some very strong earnings from Tokyo Electron. That stock's up almost 7% advantage following on from its strong earnings last week up almost 3%. And most notably SK Hynix leading Korea here. Korea has bounced around 6% intraday from the open. As people get back into Hynix after that very strong result. Similarly, in China, we saw very strong results from Jiangsu Optical.

Now flip the board and we can kind of see some moderation of that optimism. Because some of those values are up because people are shutting down books. On the other side of things, companies that have done well so far this year are seeing some significant selling without any news, really. So we see selling in the Chinese banks. We see selling in the Singaporean banks. You know, we saw selling in the Australian banks.

So positions that have done really well this year are getting rid of. We removed. Now we switched about India which has just started trading, and that's a much simpler story. The Indian structure of story is back in play here after the Reliance Industries result that stocks up 7%. We similarly see reform in the Tata Group potentially on the cards that stocks up 4% on Tata Steel and in very strong sales numbers for Maruti in the consumer space continues that theme of the upwardly mobile Indian consumer.

So Maruti is up 3% and Jio financial services related to reliance is up 4.5%. Okay Anthony, thank you as always for those market updates. Of course, you will be back with us in 30 minutes or so. Also Anthony Stephens in Hong Kong. Now retreating to the geopolitical picture, oil prices are dropping this morning as hopes build that diplomacy could delay or avert another round of U.S. strikes on Iran. President Donald Trump is reported to want to give talks more time, while Iran says that discussions on reopening the Strait of Hormuz are making progress.

But tensions remain high, with Gulf states fearing that Tehran will make good on warnings that any renewed attack would trigger a broader response across the region. We know that, uh, the rules of logic, uh, tells us that, uh, the Iranian stand and the American stand are far apart. And if these positions are not bridged, then we have to worry about, uh, the worst. So we are hoping that there is a diplomatic breakthrough, uh, before that actually happens, from the perspective of, uh, the UAE.

And I would also see Gulf countries, uh, we don't really want to see another round of confrontation in the region. We want to see, uh, diplomatic and political resolution of this crisis, protracted crisis that we have seen. For more, we're now joined by owner and Bloomberg's managing editor for the Middle East and North Africa owner. Good morning. You're joining us from Dubai. We're having these wider conversations about oil energy.

But of course that is in the context of the geopolitics. Are we seeing any genuine diplomatic opening this time around? Good morning Abir. Yes, there is definitely some movement there, but I'd be very cautious about calling it a breakthrough just yet. Uh, we have seen that Iranian Foreign Minister Iraq just, uh, yesterday said that there has been some progress in implementation of a, uh, two day plan to reopen Hormuz.

Uh, but, uh, essentially what this is, is an accelerated version of a seven day plan to reopen the Strait of Hormuz that Iranians put to the Americans back in September, which was flatly rejected, uh, by Trump. So yes, there is clearly some movement, uh, on the diplomatic front. Uh, but it is way too early to say that this is going to result in some kind of a breakthrough and allow the region to avert another round of fighting between the US and Iran a bit.

Okay. On our we had written a big piece over the weekend about the reaction of Gulf states. Of course, you were just listening to Gaga, who is a senior adviser to the UAE president here. What has the reaction from wider Gulf states been about what Iran's retaliation could look like this time around, and how are they looking at that? Well, I think across the Gulf there is both a sense of concern, uh, and frustration with the way things have been going, as you just mentioned, uh, the US and made it very clear that Gulf states feel like they are being dragged into a war, that they have been trying for months to avert through diplomatic talks.

And we have seen that sentiment echoed, uh, at that conference over the weekend in Bahrain, with Egypt's foreign minister also saying that should the war resume, the second round of fighting could be more destructive than what we have seen in the first round back in February, March and April. Uh, we have seen, uh, the Iranian supreme leader, uh, Mustafa Khamenei, uh, ordering his commanders to expand the geographic limits of any Iranian retaliation and expand a list of US and Israeli targets.

Should Iran come under renewed attacks from the US and or Israel? Uh, so what we're looking at is this region feeling extremely frustrated that they're not part of the decision making, but they may, uh, bear the costs of renewed fighting. Should the US and or Israel decide to attack Iran again? Okay, on our. Thank you as always for those updates on our. And Bloomberg's Managing Editor for the Middle East and North Africa, joining us out of Dubai now carrying on the conversation.

Months of disruption across the glo