Dubai has become a huge destination for the rich, with an influx of high-net-worth residents driving up property prices and boosting the UAE's tax revenues in recent years. And of course, Gulf countries more broadly have a lot of oil wealth that they've ploughed into everything from real estate to private credit and tech. But the situation with Iran looks set to test that prosperity. In recent weeks, Iran has been attacking Gulf energy infrastructure and even launched drone strikes on residential areas in Dubai and Abu Dhabi. In this episode, we speak with Hiten Samtani long-time Dubai resident, founder of Ten31 Media, and publisher of The Promote about what's behind Dubai's luxury boom, how Gulf capital has reshaped global finance including private credit, and what life in Dubai feels like amid rising geopolitical risk.

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Dubai has become a huge destination for the rich, with an influx of high-net-worth residents driving up property prices and boosting the UAE's tax revenues in recent years. And of course, Gulf countries more broadly have a lot of oil wealth that they've ploughed into everything from real estate to private credit and tech. But the situation with Iran looks set to test that prosperity. In recent weeks, Iran has been attacking Gulf energy infrastructure and even launched drone strikes on residential areas in Dubai and Abu Dhabi. In this episode, we speak with Hiten Samtani long-time Dubai resident, founder of Ten31 Media, and publisher of&nbsp;The Promote about what's behind Dubai's luxury boom, how Gulf capital has reshaped global finance including private credit, and what life in Dubai feels like amid rising geopolitical risk.
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Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Tuesday and Thursday for interviews with the most interesting minds in finance, economics and markets.

Odd Lots

On Bloomberg’s Odd Lots podcast Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets, and economics. Join the conversation every Monday, Thursday, and Friday.

On Bloomberg&rsquo;s Odd Lots podcast Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets, and economics. Join the conversation every Monday, Thursday, and Friday.

What the Iran War Means for Dubai's Luxury Boom

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ecf2f4a5-6ecb-4460-8521-b41301530309/transcript

There are a lot of things to be annoyed about in modern life. The high cost of food and housing and childcare. Dating apps that don't seem to work. The fear of AI replacing you at your job. These are all common complaints and concerns, and each of them can be traced to a specific economic phenomenon or market structure issue. Once you start thinking about the world in this way, you can't unsee it. In this episode, we speak with Planet Money co-host Mary Childs, and contributor to the podcast, Alex Mayassi. They've just written a book called Planet Money: A Guide to the Economic Forces That Shape Your Life. We discuss how one of Tracy's childhood memories was a reflection of the commodity trap, what Baumol's cost disease tells us about daycare, and why -- despite all these frustrations -- there are still many reasons to be optimistic about economic progress.

Read more:
Australia Secures Fertilizer From Indonesia to Meet Crop Needs
Kerrygold Butter Maker Sees Iran War Costs Hitting Consumers

Only http://Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at  bloomberg.com/subscriptions/oddlots

Subscribe to the Odd Lots Newsletter
Join the conversation:discord.gg/oddlots

There are a lot of things to be annoyed about in modern life. The high cost of food and housing and childcare. Dating apps that don't seem to work. The fear of AI replacing you at your job. These are all common complaints and concerns, and each of them can be traced to a specific economic phenomenon or market structure issue. Once you start thinking about the world in this way, you can't unsee it. In this episode, we speak with Planet Money co-host Mary Childs, and contributor to the podcast, Alex Mayassi. They've just written a book called Planet Money: A Guide to the Economic Forces That Shape Your Life. We discuss how one of Tracy's childhood memories was a reflection of the commodity trap, what Baumol's cost disease tells us about daycare, and why -- despite all these frustrations -- there are still many reasons to be optimistic about economic progress.
Read more: <a href="https://www.bloomberg.com/news/articles/2026-04-16/australia-secures-fertilizer-from-indonesia-to-meet-crop-needs?utm_medium=referral&amp;utm_source=podcast&amp;utm_campaign=odd_lots&amp;utm_content=article" data-prosemirror-content-type="mark" data-prosemirror-mark-name="link">Australia Secures Fertilizer From Indonesia to Meet Crop Needs</a> <a href="https://www.bloomberg.com/news/articles/2026-04-15/kerrygold-butter-maker-sees-iran-war-costs-hitting-consumers?utm_medium=referral&amp;utm_source=podcast&amp;utm_campaign=odd_lots&amp;utm_content=article" data-prosemirror-content-type="mark" data-prosemirror-mark-name="link">Kerrygold Butter Maker Sees Iran War Costs Hitting Consumers</a>
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Planet Money Turned Everyday Annoyances Into an Economics Book

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/eb4d0306-44c8-4b54-88dd-b42e01171174/transcript

It's possible that the war in Iran could reshape financial flows in significant ways. Perhaps the Gulf states will end up as less desirable places to do business. Perhaps Iran will have a tollbooth at the Strait of Hormuz. Perhaps this episode will accelerate the world's shift away from oil. It's impossible to say. But given the uncertainty, fresh questions are being raised about the existing financial world order, upon the top of which the US dollar sits. On this episode, we speak once again with Brad Setser, the Whitney Shepardson senior fellow at the Council on Foreign Relations. We discuss how the war is already creating new global imbalances, and the degree to which this episode parallels past energy shocks. We also talk about broader trends in reserve management, other factors driving financial flows, and the unique situation facing East Asia, which is seeing a surge in its energy import bills at the same time its making making a fortune selling chips for the AI boom.

Read more:
US Probes Suspicious Oil Trades Made Before Trump Pivots
China’s $51 Trillion Savings Help Bonds to Outperform During War

Only http://Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at  bloomberg.com/subscriptions/oddlots

Subscribe to the Odd Lots Newsletter
Join the conversation:discord.gg/oddlots

It's possible that the war in Iran could reshape financial flows in significant ways. Perhaps the Gulf states will end up as less desirable places to do business. Perhaps Iran will have a tollbooth at the Strait of Hormuz. Perhaps this episode will accelerate the world's shift away from oil. It's impossible to say. But given the uncertainty, fresh questions are being raised about the existing financial world order, upon the top of which the US dollar sits. On this episode, we speak once again with Brad Setser, the Whitney Shepardson senior fellow at the Council on Foreign Relations. We discuss how the war is already creating new global imbalances, and the degree to which this episode parallels past energy shocks. We also talk about broader trends in reserve management, other factors driving financial flows, and the unique situation facing East Asia, which is seeing a surge in its energy import bills at the same time its making making a fortune selling chips for the AI boom.
Read more: <a href="https://www.bloomberg.com/news/articles/2026-04-15/us-probes-suspicious-oil-trades-made-before-trump-iran-pivots?utm_medium=referral&amp;utm_source=podcast&amp;utm_campaign=odd_lots&amp;utm_content=article" data-prosemirror-content-type="mark" data-prosemirror-mark-name="link">US Probes Suspicious Oil Trades Made Before Trump Pivots</a> <a href="https://www.bloomberg.com/news/articles/2026-04-15/china-s-51-trillion-savings-help-bonds-to-outperform-during-war?utm_medium=referral&amp;utm_source=podcast&amp;utm_campaign=odd_lots&amp;utm_content=article" data-prosemirror-content-type="mark" data-prosemirror-mark-name="link">China&rsquo;s $51 Trillion Savings Help Bonds to Outperform During War</a>
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Brad Setser on the War in Iran and the Future of the US Dollar

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/554c535f-c537-4dff-a5ae-b42d016661d4/transcript

The war in Iran has caused the price of all kinds of commodities to surge, and that has a negative economic impact almost everywhere. But the squeeze is really being felt hard in East Asia, which is the ultimate destination for a lot of oil and gas that come out of the Gulf. And though the Strait of Hormuz may eventually re-open, and the acute pain may pass, this episode may already be reshaping the future. On this episode of the podcast we speak with Alex Turnbull, an investor based in Singapore, and a researcher on energy topics with the Australian National University. He argues that the war will accelerate the region's appetite to restart nuclear power plants, ultimately lessening its dependence on imported natural gas. He also notes that per his channel checks, the region is already seeing a jump in demand for electric vehicles, with BYD dealers holding less and less inventory on hand.

Read more: US, Iran Seek More Ceasefire Talks as Blockade Stops Ships
There Are No Easy Exits From Iran for the US

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Join the conversation:discord.gg/oddlots

The war in Iran has caused the price of all kinds of commodities to surge, and that has a negative economic impact almost everywhere. But the squeeze is really being felt hard in East Asia, which is the ultimate destination for a lot of oil and gas that come out of the Gulf. And though the Strait of Hormuz may eventually re-open, and the acute pain may pass, this episode may already be reshaping the future. On this episode of the podcast we speak with Alex Turnbull, an investor based in Singapore, and a researcher on energy topics with the Australian National University. He argues that the war will accelerate the region's appetite to restart nuclear power plants, ultimately lessening its dependence on imported natural gas. He also notes that per his channel checks, the region is already seeing a jump in demand for electric vehicles, with BYD dealers holding less and less inventory on hand. Read more: <a href="https://www.bloomberg.com/news/articles/2026-04-14/us-iran-seek-more-ceasefire-talks-amid-hormuz-blockade?srnd=homepage-americas?utm_medium=referral&amp;utm_source=podcast&amp;utm_campaign=odd_lots&amp;utm_content=article">US, Iran Seek More Ceasefire Talks as Blockade Stops Ships</a> <a href="https://www.bloomberg.com/news/newsletters/2026-04-13/there-are-no-easy-exits-from-iran-for-the-us?utm_medium=referral&amp;utm_source=podcast&amp;utm_campaign=odd_lots&amp;utm_content=article">There Are No Easy Exits From Iran for the US</a>
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Join the conversation: <a href="https://discord.gg/oddlots">discord.gg/oddlots</a>

War in Iran Is Already Reshaping East Asia's Energy Future

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/0604c399-d1e3-4a1d-8bd3-b42c01471fca/transcript

What the Iran War Means for Dubai's Luxury Boom

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