US Hits Iran’s Qeshm Island as Hormuz Talks Keep Oil Markets on Edge
Channel: Bloomberg Television
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Read a transcript preview of “US Hits Iran’s Qeshm Island as Hormuz Talks Keep Oil Markets on Edge” from Bloomberg Television, uploaded on 2026-11-03.
Transcript preview
Language: English (original, creator captions)
[0:12] ♪ ABEER: GOOD MORNING.
[0:13] OUR TOP STORIES THIS MORNING, TALKS GAIN GROUND.
[0:14] THE U.S. AND IRAN SIGNAL PROGRESS TOWARDS A NEGOTIATED
[0:16] SETTLEMENT AS DIPLOMATIC EFFORTS INTENSIFY, BUT TENSIONS REMAIN
[0:18] AFTER WASHINGTON CARRIES OUT LIMITED STRIKES ON IRANIAN
[0:20] TARGETS. TECH JITTERS PERSIST.
[0:22] ASIAN STOCKS FALL AS THE U.S. CHIP ROUTE DEEPENS AND AI
[0:28] CONCERNS WEIGH ON SENTIMENT. SOUTH KOREA LEADS LOSSES IN ASIA
[0:32] AS SEMICONDUCTOR SHARES RETREAT. AND INDUSTRY LEADERS GATHER IN
[0:41] A SHIFTING ENERGY LANDSCAPE. WE WILL HEAR FROM TWG GLOBAL IN
[0:50] JUST A LITTLE BIT. IT HAS JUST GONE 9:00 A.M.
[0:52] ACROSS THE EMIRATES. WE ARE COMING TO YOU LIVE FROM
[0:58] ABU DHABI, WHERE THE GLOBAL ENERGY LEADERS ARE GATHERING.
[1:04] BEFORE WE GET INTO THAT TIMELY NEWS, ARAMCO EARNINGS JUST
[1:08] COMING OUT THIS MORNING. THIRD QUARTER NET INCOME FOR THE
[1:14] SAUDI OIL GIANT COMING IN AT 137.4 BILLION RIYALS.
[1:21] THE ESTIMATE WAS 109 POINT 6 BILLION, SO YOU ARE SEEING A
[1:22] BEAT FOR THE. THE THIRD QUARTER TOTAL REVENUE
[1:32] FOR ARAMCO COMING IN AT AROUND 500 BILLION RIYALS.
[1:41] THE ESTIMATE WAS 408 BILLION RIYALS.
[1:43] YOU ARE SEEING A MASSIVE BEAT. THEY ARE SAYING THEIR OPERATING
[1:45] PROFIT FOR THE SAME QUARTER WAS AROUND 222.3 BILLION RIYALS, THE
[1:56] ESTIMATE 202.9 BILLION. SAUDI ARABIA HAS BEEN BENEFITING
[1:58] FROM HIGHER OIL PRICES. THE BIG QUESTION GOING FORWARD
[2:01] FOR SAUDI ARABIA IS THE TRADE TRUCE AND THE HOUTHI ATTACKS
[2:07] THAT HAVE BEEN IMPACTING THE MOVEMENT ACROSS THE RED SEA AND
[2:11] THE ATTACKS ON ARAMCO FACILITIES ARE GOING TO BE COMING INTO
[2:12] QUESTION INTO THE FOURTH QUARTER EARNINGS.