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Transcripts For ALJAZ NEWSHOUR 20240714 : vimarsana.com
Transcripts For ALJAZ NEWSHOUR 20240714 : vimarsana.com
ALJAZ NEWSHOUR July 14, 2024
You know changing conditions across the middle east lots of dry by the loss of hot sunshine little bit of cloud just spilling out of turkey just making its way towards georgia over the next day or so so you could see some wet weather the really show up too much on monday but come choose day that sherry right just not to us for i can set eastern side of the black sea getting close to 30 celsius once again in beirut some lovely sunshine here getting close to the mid fortys in baghdad so the hot sunshine does continue in the hot sunshine stretches way down across the
Arabian Peninsula
some weak patterns of cloud just pushing through here you might just catch a sports of rain on lease but i think any rain will be few and far between as just a spot or 2 certainly a possibility so lossy settle and largely sunny as we go through the coming days weve got dry weather and sunshine stretching across a good part of
Southern Africa
possibilities some showers just into the far south just across the southern k. B. Must see a little bit more cloud just creeping in here 19 celsius the top temperature in cape town durban gets up to around 26 degrees celsius harare at 20 a loss of dry weather there and a similar picture as we go on through tuesday with more warmth and sunny weather. 0 world meets to honorably mcgregor who left the middle east and built exceptional lives so the seeds. Weave it into the fabric of society of their adoptive countries finding success in germany and canada yet never forgetting their homelands of syria and lebanon. Remarkable human stories of arabs abroad the politician and the inventor on aljazeera. The recap of our top stories on aljazeera iran is accusing the u. S. Of deceit up to washington blame tehran for drone attacks on 2
Oil Facilities
in saudi arabia yemen toothy rebel said they were responsible for saturdays explosions which knocked out more than half of the kingdoms entire oil up but there has been a low turnout at the polls in tunisia where voters have been deciding who should be the next president a
Runoff Election
will be held if none of the 24. 00 candidates receive 50 percent of the vote and police in hong kong have used tear gas and water cannon to break up the latest antigovernment protest some in the crowd threw a petrol bombs at riot officers tens of thousands of people have been marching in defiance of a police ban more now on our top story end those attacks on
Oil Facilities
in saudi arabia white house advisor kelly kahn
Kellyanne Conway
has suggested the u. S. May use some of its to teach it to reserves to manage global oil demand. Secretary powell has made clear that the
Iranian Regime
is responsible for this attack on the civilian areas and infrastructure right are vital to our
Global Energy
supply and were not going to stand for that in fact our department of energy stands ready to tapping to be
Strategic Reserve
for
Petroleum Reserves
remaster to stabilize the
Global Energy
supply. Attack in is an
International Oil
and
Energy Consultant
and former
Research Office
at opec he says any disruption to international supplies will take several weeks to be realized a huge installation like so damn cool 10000000. 00 barrels production should have enough inventory as any shop grocer would have inventory and its a storage to supply and give its customers so that it would also have that we dont know several 100000 1000000 barrels of oil are there apparently a really bold smoothly to come and go on to the loading places if that is the case its probably again it is a smooth operation if they are successful to control this and use the excess capacity this volume which is in place now there is if you talk about so that if you as usual it is it is on the ground the surface ones are list with several 100. 1000000 barrels but there is also this that egypt between the international within the
International Energy
agency the industrialized countries and big can always come out of the last 304050 years ready for major disruptions on whether they would use this as you put your own deserves japan and so on or unitas is that is i know the policy decision that the u. S. Might decide to have in coordination with. The
United Nations
secretary general hopes hurricane survivors in the bahamas will get the help they need from the
International Community
and tony harris was visibly shaken as he saw the destruction to the abaco islands from
Hurricane Dorian
a category 5 super storm 2 weeks ago is known to have killed at least 50 people around 1300 others still missing there is it its a community the idea that middle
Income Countries
should not be supportive its a wrong idea especially with middle
Income Countries
of high levels of all the ability to external shocks theyre not responsible. And so i hope that the
International Community
will be able now obviously is the moment of steel rescue in some situations but essential humanitarian aid but then there will be reconstruction building resilience recovery and these you know you require massive investment from the government from the people. There was some good news though as a
Tropical Storm
relaunch we missed the bahamas as alan fischer reports from the capital nassau thats given island as a chance to clothe and feed others over lost everything. There the everyday things that we rebuild ordinary lives ripped apart their t. Shirts and shorts and dresses and toiletries all gathered by the people enough so for those who lost everything in the hurricane literally thousands of people to come in from the island with nothing but the clothes on their back some not even with shoes on so they lost everything and so this set up is just to be there to help people ready regain some kind of dignity and you know when the humanity and just good feeling about themselves and to be independent again. It started as a call to a few people went vital and suddenly it became a major operation the next step is distribution was no organization no grouping it was just a message sent out and the people responded well locals are playing their part the
International Community
is doing what it can its assessing the damage caused great bahama and abaco and how we can even begin to repair rebuild and recall behind this door is with a
Huge International
operation is being coordinated there are so many agencies so much what going on they dont want to let the cameras in this is by far and away the biggest disaster ever to hit the bahamas the rebuilding will take months it will take years and the cost will be millions it will be billions were trying to get information from areas that have compromised
Communication Systems
so were really working with a coalition of partners to be able to collect that data and analyze that so that
Decision Makers
feel confident in their next steps as they planned or its midterm and long term recovery. The displaced hundreds will start to collect donations on monday taking what they need giving them something that says things are going to get better giving them hope alan fischer aljazeera the bahamas. The taliban says it will revoke it span and allow the red cross to work in afghanistan it has excluded the group along with the
World Health Organisation
in april accusing them of carrying out suspicious activities during vaccination campaigns the taliban also says it will guarantee the security of red cross staff in areas it controls in the democratic republic of congo dozens of passengers are missing after a river boat sank in my local near the capital
Kinshasa Police
say 76 onboard 76 people on board were rescued but 36 others drowned. Now a battle is underway for the survival of the narges forests of its kind in east africa kenyas government has evicted hundreds of thousands of settlers from the force over the past 20 years as
Nicholas Hock
reports
Indigenous People
in the region say their homes are at risk and so is its rare wildlife. Deep in the forest our people who communicate with honey. Bees can sense our intentions explained secure macho to her nephew collect the honey with a pure heart she says and you will be unharmed hanging from the branches are wooden hives people built to protect the bees its a relationship of cultivated over centuries which is at risk. The bees done tree unsub back but we know what death thinking its death by the sound they make they are angry they are upset with the destruction in these forests. East africas largest indigenous force was cut down to almost half of its original size over the course of 100 years british colonisers of kenya invaded and killed people to turn part of their forest land into te plantations then came 50 years of kenyan government logging when settlers who moved into the forest were given title deeds to the land. A
Landmark Legal
battle against the kenyan government 2 years ago the verdict recognizing their land rights and need for compensation for their suffering. Now kenyas government is evicting 60000 settler families from their forest in the distance right behind me are trees that were burnt to the ground to make way for farmland and pastures to use for people who want to feed their animals and right here is a 200 year old red cedar tree that was cut down days ago now it will take centuries for part of this forest to grow back and thats why the government here is taking such drastic actions to protect the environment at risk of extinction say environmentalist our 173. 00 species of animals including the bongo elephant and the golden cat sen the drama from the messiah tribe plays jazz music to his cows. The need soothing explains because too many animals are dying this country is littered with carcasses of dead animals because of the drought the model reeva which gives this county over 2000000000 shillings every year dries up. The sea and when you go down and look at the river is horrific. It is a fragile ecosystem in which the survival of the bees depend on the you kick and their survival depends on this forest
Nicholas Hawk
and the mouse forest kenya. A group of doctors in zimbabwe are protesting over the alleged abduction of their union leader they say peter among a disappeared after he called for a pay strike in that he had received
Death Threats
in the
United States
Union Workers
for the automaker
General Motors
will go on strike later on sunday for the 1st time in 12 years about 46000 workers are expected to walk off the job at 31 factories the
United Auto Workers
union is pushing for better wages
Health Benefits
and job security guarantee its. The
Palestinian Refugees
in lebanon say they dont have enough money to live and are demanding asylum there protesters say a government crackdown on
Foreign Workers
is adding to their plight as in a harder has a story from beirut. Theyre demanding a dignified life a future for their children
Palestinian Refugees
have been gathering outside western embassies in the lebanese capital beirut demanding humanitarian asylum. Give us the opportunity to live. We want. To give our children indication palestinians are criticizing a recent lebanese government crackdown on undocumented foreign labor as refugees they believe they should be exempt lebanese law already bans them from working in many professions and denies them access to
Public Services
as part of a long standing policy to discourage them from staying. If we are denied the right to work and open businesses then how do we pay for medical treatment for example and it was says it covers 100 percent of the cost but that is not true only 10 percent of my fathers operation he was a cancer patient and he has since passed away
International Aid
for
Palestinian Refugees
has decreased in recent years the un relief and works agency which supports
Palestinian Refugees
says it is providing services to all of them but it needs 120000000. 00 to be able to
Fund Operations
until the end of the year palestinians have been living here for more than 70 years since the creation of israel but now the situation is getting worse unemployment was already a problem before the recent decision by lebanese authorities that requires them to take work permits are not only expensive but they are also difficult to get the palestinians who own shops like us are were also affected by the government crackdown this 27 year old lost his livelihood in a country going through a severe economic crisis. I have no right because im a palestinian. Many of us are graduates the us of a kid and your children right. They are not allowed to work there is anger and resentment among the almost 200000 refugees they say they should be given special status and not be treated as
Foreign Workers
but many have lost hope in their host country and theyre looking for a better life outside lebanon. Beirut. Its called remain in mexico the new agreement between the mexican and u. S. Governments on
Asylum Seekers
tens of thousands are stuck waiting to see if theyll be allowed to start a new life in the
United States
they include many children who are missing out on school but a classroom on wheels is coming to some as john hendren reports. That a small team of volunteers in one are heading to one of the citys many migrant shelters with a unique service. Specially adapted school bus since january u. S. Asylum seekers mainly from guatemala honduras salvador been put back across into mexico while they wait between their cool days many have children and this new floating population could be stuck in border towns like the one for months. Thats where this bus comes in its been fitted out to give the medication by n. G. O. S schoolbooks project also run programs in greece and syria get to go with really you know in here theyre working with volunteers from border angels mainly students giving lessons in reading writing and mass media as well as psychological help mask the glasses and the horse. More than just classes its a way of giving them tools so that they can be stronger more resilient able to express their emotions and say what theyre feeling and thats really important and its what were working on. For most the roads been hard is a year since his mother doris so they fled
Death Threats
in their homeland there was salvador a country terrorized by gangs theyve been here for months shes just glad hes getting some education im which isnt the answer he said to me though. Then yeah i feel frustrated knowing that if he was in school right now hed be in a more advanced grade but also i feel that i want to keep fighting for his future. Mates chris president said that state education would be available for the
Asylum Seekers
while the remits quote theoretically it is in practice showed it directors told us theres little government outreach to try and get them into school and their parents are sometimes reluctant to enroll them knowing theyll soon be moving on these volunteers to do what they can take in this bus across the city to provide classes but the program is so much bigger than that thousands of children trapped in limbo all across this border area without an education if. You start at the end of the class the children read letters of support many from well wishers across the border in the u. S. Its a brief break from the uncertainty and boredom of young lives lived in limbo dont hold out to see it or to form a. Well again im fully back to bill with the headlines on aljazeera iran is accusing the us of deceit after washington blamed tehran for drone attacks on 2
Oil Facilities
in saudi arabia yemen the rebels said they were responsible for saturdays explosions which knocked out more than half of the kingdoms in thailand output theres been no turnout at the polls in tunisia where voters have been deciding who should be the next president a
Runoff Election
will be held if none of the candidates 24. 00 of them receive 50 percent of the vault
Stephanie Deca
has more from tunis. As of around 1 oclock in the afternoon the
Election Commission
giving the figures of 16 percent so much that just hours before the polls closed officials came out to urge people to vote to say this is something that there was a revolution for people lost their lives to get to these democratic elections it only happened once every 5 years people weve been speaking to a lot of frustration about what democracy has delivered or what it hasnt delivered as the case may be the fact that the economy is even worse than it was before 2011 the security situation remains a real concern and that corruption remains endemic police in hong kong have used tear gas and water cannon to break up the latest antigovernment protests some in the crowd threw petrol bombs at riot officers tens of thousands of people have been marching in defiance of a police back to the
Arabian Peninsula<\/a> some weak patterns of cloud just pushing through here you might just catch a sports of rain on lease but i think any rain will be few and far between as just a spot or 2 certainly a possibility so lossy settle and largely sunny as we go through the coming days weve got dry weather and sunshine stretching across a good part of
Southern Africa<\/a> possibilities some showers just into the far south just across the southern k. B. Must see a little bit more cloud just creeping in here 19 celsius the top temperature in cape town durban gets up to around 26 degrees celsius harare at 20 a loss of dry weather there and a similar picture as we go on through tuesday with more warmth and sunny weather. 0 world meets to honorably mcgregor who left the middle east and built exceptional lives so the seeds. Weave it into the fabric of society of their adoptive countries finding success in germany and canada yet never forgetting their homelands of syria and lebanon. Remarkable human stories of arabs abroad the politician and the inventor on aljazeera. The recap of our top stories on aljazeera iran is accusing the u. S. Of deceit up to washington blame tehran for drone attacks on 2
Oil Facilities<\/a> in saudi arabia yemen toothy rebel said they were responsible for saturdays explosions which knocked out more than half of the kingdoms entire oil up but there has been a low turnout at the polls in tunisia where voters have been deciding who should be the next president a
Runoff Election<\/a> will be held if none of the 24. 00 candidates receive 50 percent of the vote and police in hong kong have used tear gas and water cannon to break up the latest antigovernment protest some in the crowd threw a petrol bombs at riot officers tens of thousands of people have been marching in defiance of a police ban more now on our top story end those attacks on
Oil Facilities<\/a> in saudi arabia white house advisor kelly kahn
Kellyanne Conway<\/a> has suggested the u. S. May use some of its to teach it to reserves to manage global oil demand. Secretary powell has made clear that the
Iranian Regime<\/a> is responsible for this attack on the civilian areas and infrastructure right are vital to our
Global Energy<\/a> supply and were not going to stand for that in fact our department of energy stands ready to tapping to be
Strategic Reserve<\/a> for
Petroleum Reserves<\/a> remaster to stabilize the
Global Energy<\/a> supply. Attack in is an
International Oil<\/a> and
Energy Consultant<\/a> and former
Research Office<\/a> at opec he says any disruption to international supplies will take several weeks to be realized a huge installation like so damn cool 10000000. 00 barrels production should have enough inventory as any shop grocer would have inventory and its a storage to supply and give its customers so that it would also have that we dont know several 100000 1000000 barrels of oil are there apparently a really bold smoothly to come and go on to the loading places if that is the case its probably again it is a smooth operation if they are successful to control this and use the excess capacity this volume which is in place now there is if you talk about so that if you as usual it is it is on the ground the surface ones are list with several 100. 1000000 barrels but there is also this that egypt between the international within the
International Energy<\/a> agency the industrialized countries and big can always come out of the last 304050 years ready for major disruptions on whether they would use this as you put your own deserves japan and so on or unitas is that is i know the policy decision that the u. S. Might decide to have in coordination with. The
United Nations<\/a> secretary general hopes hurricane survivors in the bahamas will get the help they need from the
International Community<\/a> and tony harris was visibly shaken as he saw the destruction to the abaco islands from
Hurricane Dorian<\/a> a category 5 super storm 2 weeks ago is known to have killed at least 50 people around 1300 others still missing there is it its a community the idea that middle
Income Countries<\/a> should not be supportive its a wrong idea especially with middle
Income Countries<\/a> of high levels of all the ability to external shocks theyre not responsible. And so i hope that the
International Community<\/a> will be able now obviously is the moment of steel rescue in some situations but essential humanitarian aid but then there will be reconstruction building resilience recovery and these you know you require massive investment from the government from the people. There was some good news though as a
Tropical Storm<\/a> relaunch we missed the bahamas as alan fischer reports from the capital nassau thats given island as a chance to clothe and feed others over lost everything. There the everyday things that we rebuild ordinary lives ripped apart their t. Shirts and shorts and dresses and toiletries all gathered by the people enough so for those who lost everything in the hurricane literally thousands of people to come in from the island with nothing but the clothes on their back some not even with shoes on so they lost everything and so this set up is just to be there to help people ready regain some kind of dignity and you know when the humanity and just good feeling about themselves and to be independent again. It started as a call to a few people went vital and suddenly it became a major operation the next step is distribution was no organization no grouping it was just a message sent out and the people responded well locals are playing their part the
International Community<\/a> is doing what it can its assessing the damage caused great bahama and abaco and how we can even begin to repair rebuild and recall behind this door is with a
Huge International<\/a> operation is being coordinated there are so many agencies so much what going on they dont want to let the cameras in this is by far and away the biggest disaster ever to hit the bahamas the rebuilding will take months it will take years and the cost will be millions it will be billions were trying to get information from areas that have compromised
Communication Systems<\/a> so were really working with a coalition of partners to be able to collect that data and analyze that so that
Decision Makers<\/a> feel confident in their next steps as they planned or its midterm and long term recovery. The displaced hundreds will start to collect donations on monday taking what they need giving them something that says things are going to get better giving them hope alan fischer aljazeera the bahamas. The taliban says it will revoke it span and allow the red cross to work in afghanistan it has excluded the group along with the
World Health Organisation<\/a> in april accusing them of carrying out suspicious activities during vaccination campaigns the taliban also says it will guarantee the security of red cross staff in areas it controls in the democratic republic of congo dozens of passengers are missing after a river boat sank in my local near the capital
Kinshasa Police<\/a> say 76 onboard 76 people on board were rescued but 36 others drowned. Now a battle is underway for the survival of the narges forests of its kind in east africa kenyas government has evicted hundreds of thousands of settlers from the force over the past 20 years as
Nicholas Hock<\/a> reports
Indigenous People<\/a> in the region say their homes are at risk and so is its rare wildlife. Deep in the forest our people who communicate with honey. Bees can sense our intentions explained secure macho to her nephew collect the honey with a pure heart she says and you will be unharmed hanging from the branches are wooden hives people built to protect the bees its a relationship of cultivated over centuries which is at risk. The bees done tree unsub back but we know what death thinking its death by the sound they make they are angry they are upset with the destruction in these forests. East africas largest indigenous force was cut down to almost half of its original size over the course of 100 years british colonisers of kenya invaded and killed people to turn part of their forest land into te plantations then came 50 years of kenyan government logging when settlers who moved into the forest were given title deeds to the land. A
Landmark Legal<\/a> battle against the kenyan government 2 years ago the verdict recognizing their land rights and need for compensation for their suffering. Now kenyas government is evicting 60000 settler families from their forest in the distance right behind me are trees that were burnt to the ground to make way for farmland and pastures to use for people who want to feed their animals and right here is a 200 year old red cedar tree that was cut down days ago now it will take centuries for part of this forest to grow back and thats why the government here is taking such drastic actions to protect the environment at risk of extinction say environmentalist our 173. 00 species of animals including the bongo elephant and the golden cat sen the drama from the messiah tribe plays jazz music to his cows. The need soothing explains because too many animals are dying this country is littered with carcasses of dead animals because of the drought the model reeva which gives this county over 2000000000 shillings every year dries up. The sea and when you go down and look at the river is horrific. It is a fragile ecosystem in which the survival of the bees depend on the you kick and their survival depends on this forest
Nicholas Hawk<\/a> and the mouse forest kenya. A group of doctors in zimbabwe are protesting over the alleged abduction of their union leader they say peter among a disappeared after he called for a pay strike in that he had received
Death Threats<\/a> in the
United States<\/a>
Union Workers<\/a> for the automaker
General Motors<\/a> will go on strike later on sunday for the 1st time in 12 years about 46000 workers are expected to walk off the job at 31 factories the
United Auto Workers<\/a> union is pushing for better wages
Health Benefits<\/a> and job security guarantee its. The
Palestinian Refugees<\/a> in lebanon say they dont have enough money to live and are demanding asylum there protesters say a government crackdown on
Foreign Workers<\/a> is adding to their plight as in a harder has a story from beirut. Theyre demanding a dignified life a future for their children
Palestinian Refugees<\/a> have been gathering outside western embassies in the lebanese capital beirut demanding humanitarian asylum. Give us the opportunity to live. We want. To give our children indication palestinians are criticizing a recent lebanese government crackdown on undocumented foreign labor as refugees they believe they should be exempt lebanese law already bans them from working in many professions and denies them access to
Public Services<\/a> as part of a long standing policy to discourage them from staying. If we are denied the right to work and open businesses then how do we pay for medical treatment for example and it was says it covers 100 percent of the cost but that is not true only 10 percent of my fathers operation he was a cancer patient and he has since passed away
International Aid<\/a> for
Palestinian Refugees<\/a> has decreased in recent years the un relief and works agency which supports
Palestinian Refugees<\/a> says it is providing services to all of them but it needs 120000000. 00 to be able to
Fund Operations<\/a> until the end of the year palestinians have been living here for more than 70 years since the creation of israel but now the situation is getting worse unemployment was already a problem before the recent decision by lebanese authorities that requires them to take work permits are not only expensive but they are also difficult to get the palestinians who own shops like us are were also affected by the government crackdown this 27 year old lost his livelihood in a country going through a severe economic crisis. I have no right because im a palestinian. Many of us are graduates the us of a kid and your children right. They are not allowed to work there is anger and resentment among the almost 200000 refugees they say they should be given special status and not be treated as
Foreign Workers<\/a> but many have lost hope in their host country and theyre looking for a better life outside lebanon. Beirut. Its called remain in mexico the new agreement between the mexican and u. S. Governments on
Asylum Seekers<\/a> tens of thousands are stuck waiting to see if theyll be allowed to start a new life in the
United States<\/a> they include many children who are missing out on school but a classroom on wheels is coming to some as john hendren reports. That a small team of volunteers in one are heading to one of the citys many migrant shelters with a unique service. Specially adapted school bus since january u. S. Asylum seekers mainly from guatemala honduras salvador been put back across into mexico while they wait between their cool days many have children and this new floating population could be stuck in border towns like the one for months. Thats where this bus comes in its been fitted out to give the medication by n. G. O. S schoolbooks project also run programs in greece and syria get to go with really you know in here theyre working with volunteers from border angels mainly students giving lessons in reading writing and mass media as well as psychological help mask the glasses and the horse. More than just classes its a way of giving them tools so that they can be stronger more resilient able to express their emotions and say what theyre feeling and thats really important and its what were working on. For most the roads been hard is a year since his mother doris so they fled
Death Threats<\/a> in their homeland there was salvador a country terrorized by gangs theyve been here for months shes just glad hes getting some education im which isnt the answer he said to me though. Then yeah i feel frustrated knowing that if he was in school right now hed be in a more advanced grade but also i feel that i want to keep fighting for his future. Mates chris president said that state education would be available for the
Asylum Seekers<\/a> while the remits quote theoretically it is in practice showed it directors told us theres little government outreach to try and get them into school and their parents are sometimes reluctant to enroll them knowing theyll soon be moving on these volunteers to do what they can take in this bus across the city to provide classes but the program is so much bigger than that thousands of children trapped in limbo all across this border area without an education if. You start at the end of the class the children read letters of support many from well wishers across the border in the u. S. Its a brief break from the uncertainty and boredom of young lives lived in limbo dont hold out to see it or to form a. Well again im fully back to bill with the headlines on aljazeera iran is accusing the us of deceit after washington blamed tehran for drone attacks on 2
Oil Facilities<\/a> in saudi arabia yemen the rebels said they were responsible for saturdays explosions which knocked out more than half of the kingdoms in thailand output theres been no turnout at the polls in tunisia where voters have been deciding who should be the next president a
Runoff Election<\/a> will be held if none of the candidates 24. 00 of them receive 50 percent of the vault
Stephanie Deca<\/a> has more from tunis. As of around 1 oclock in the afternoon the
Election Commission<\/a> giving the figures of 16 percent so much that just hours before the polls closed officials came out to urge people to vote to say this is something that there was a revolution for people lost their lives to get to these democratic elections it only happened once every 5 years people weve been speaking to a lot of frustration about what democracy has delivered or what it hasnt delivered as the case may be the fact that the economy is even worse than it was before 2011 the security situation remains a real concern and that corruption remains endemic police in hong kong have used tear gas and water cannon to break up the latest antigovernment protests some in the crowd threw petrol bombs at riot officers tens of thousands of people have been marching in defiance of a police back to the
United Nations<\/a> secretary general hopes hurricane survivors in the bahamas will get the help they need and tony a terrorist was visibly shaken as he saw the destruction to the abaco island some
Hurricane Dorian<\/a> a category 5 super storm killed at least 50 people around 1300 others are still missing dozens of passengers are missing after a river boat sank in the democratic republic of congo police say 76 people on board were rescued but 36 others are feared drowned
Union Workers<\/a> for u. S. Automaker
General Motors<\/a> will go on strike later on sunday for the 1st time in 12 years about 46000 workers are expected to walk off the job the
United Auto Workers<\/a> union is pushing for better wages
Health Benefits<\/a> and job security guarantees youre absolutely headlines on aljazeera inside story starts now. How it sounded maybe ill respond to more drone attacks on its
Oil Processing<\/a> plants of the kingdoms day that is not what new higher prices. Iran dismisses u. S. Accusations of involvement is the possibility of a war between iran and the sound is increasing this is inside story. The welcome to the program. Its being described as an unprecedented attack on the wells and as you supply oil prices are expected to rise after saudi arabia was forced to cut production in half. The rebels in yemen say the latest drone attacks on the
Worlds Largest<\/a> oil exporter one a major success knocking out the
Worlds Largest<\/a> processing plant. Its not known how long repairs will take oil markets havent seen a shutdown. Since iraqs army invaded kuwait to the 1st gulf war in 1990 iran is this missing u. S. Accusations it was behind the attacks the her warning of more to come. He said tax are our right and we warned the saudis that our targets will keep expanding we have the right to strike back in retaliation to the air strikes and the targeting of our civilians for the last 5 years. Lets have a look at some of the recent attacks on saudi arabia in saudi government said a drone attack damage a main pipeline and 2 oil pumping stations west of the capital riyadh in june 26th civilians were wounded in while the
Led Coalition<\/a> in yemen said was a healthy missile attack on airport on the south of the kingdom last month where the rebels say they fired a long range missile at the port city of the man in the northeast 4 days later who forces say they launched more drone attacks on 2 airports at and those around as well as the king base near riyadh and on august the 26th the rebels say they launched a drone attack on a military target in riyadh. Lets bring in our guests in. A yemeni affair specialist via skype simon le bon director of the
Richardson Institute<\/a> for peace studies at
Lancaster University<\/a> in
Houston Texas<\/a> josh young what for you matters a bison interest. While come to you all. The latest attack of the
Oil Installations<\/a> in this. Is this new phase in the conflict in yemen is this a new us collation. Yes i believe is a new place and we remember that the previous drone attack on the oil pumping station on as well on. Oil field in saudi near
United Arab Emirates<\/a> it was kind of a message to saudi arabia that were going to start to target you all. But because the saudi actually has continued its war and its combat and blockade on yemen they havent done anything to. Agreement and thats why yemeni army here in sanaa has decided that they should bring this war to the backbone of the saudi economy which is the oil field and thats why they have targeted one of the largest. Oil production site in the ward and i think that if so we will continue its war or if they are not going to come. To to stop. Its blockade on yemen to have been the port to the airport here in sanaa no data yet money out of a spokesperson have said that they will continue this type of strikes and that are more big that i talk to come. Simon were talking about suns arabia which is one of the
Biggest Oil Producers<\/a> in the world and now with this potential for more disruptions to happen in the near future sure the
International Community<\/a> be concerned or should or in markets because sant. Yeah i think it its easy to see how that might be a conclusion to be drawn that the
International Community<\/a> has long been focused on yemen albeit a slightly different really isnt theres been a great deal of humanitarian concerns about the ongoing situation there the ongoing
Bombing Campaign<\/a> and the devastating impact the potential for folk catastrophic human suffering beyond the scale that were seeing right now so the
International Community<\/a> is focusing on it but much like its focusing on events in the persian gulf and concerns about the detraction to the shipping which of course will have potentially what potentially have an impact on the oil markets this type of response and this type of action i think within the yemeni conflict could also have massive repercussions for the
Global Economy<\/a> and so i think adds another dimension to the
International Community<\/a> focus which could hopefully put it dition all pressure on the parties involved to get this conflict to an end and to put an end to the humanitarian suffering just. As widely known for having this ability to coach and against any
Oil Prices Spike<\/a> spur the because of the spare crude production of about 2400000 barrels a day that can pump is that something that should be reconsidered now with this unprecedented attack at the heart of the saudi arabia. Yeah i think thats a great question i think actually if you look at what was priced into oil on friday versus what may get priced in on monday there was actually some concern that there might have been additional barrels coming online from the middle east particularly from iran and so that seems less likely right now and then like youre saying the risk of. Saudi arabia more fully supplying the market again from a oil price perspective that could be perceived as a risk that is reduced obviously there are different reports saying that production could come back on line anywhere from 2. 00 days to 2 weeks other reports are saying much longer than that and if it does in fact take multiple weeks for
Oil Production<\/a> to come back online from this particular facility that got attacked as well as from a field that got attacked that could have a really substantial effect both on the price of oil as well as on the saudi economy hossain books versus of the earth is managed to fly 10. 00 drones into saudi arabia these were the same goes thats struck the
Oil Installations<\/a> but there is a prevailing sentiment that is absolutely no way the whole thing is how the capabilities to build manifests meant dros to arabia which is one of the wealthiest nations on earth. I mean they they have the ability though. Look yemen which has forced the whole the to depend on themselves to depend on be able here in yemen who have the ability to have studied outside of that of russia in north korea and other area who have seen that may attack start the. Design and abandon saudi didnt say. I mean that they didnt blame or saying that those drone came from another area but the yemeni army here is well capable of using these drones on and we have seen and that this attack that if the saudi actually will keep trying to blame someone else if they will try to stop this war in yemen everything stops so there is no need for the blame game but they trying to look for any scapegoats because for that what they said to be defeated by a group which would so we can say that they have no support in yemen but its actually whats clear now that about hard now is for their money out of me even though they have simple drones saudi arabia have all that type of weapons from the
United States<\/a> and still they couldnt do anything to stop those attacks on saudi arabia and i just want to mention one more thing i would remember the saudi in the last 3 or 4 months most of the strikes they claim that they have thought of the drones factory so i know they are trying to blame someone else or that this drone came from a lachlan of a simon were talking about saudi arabia which is the worlds 3rd highest spend on military equipment investing
Something Like<\/a> 7 almost 70000000000. 00 in 2018 yet they cannot intercept and destroy. Some of them dont cost more than 50000. 00 with a massive impact on the economy. Yeah i mean this is i guess paradigmatic example of of asymmetric warfare and the ways in which across history weve seen incredibly powerful military organizations all midis militias whatever it may be that have struggled in the face of of creative for responses of asymmetric responses that have been able to combat and that the huge military might i mean we saw that across iraq in the post invasion years when when the
United States<\/a> for a
Counterinsurgency Campaign<\/a> the u. S. Is a hugely dominant military force but struggle to curtail the militias and the it is a sense that were challenging them and its the same thing here you could you can put in place all this fancy military hardware military structure changes but in some cases you can actually legislate or indeed prevent a drone from flying in without some type of shield or
Something Like<\/a> that so its a paradigmatic example of asymmetric warfare in this very little that you can do to stop it unless you try and take out the root cause which is why were seeing these attacks on drone factories just in an area where there is this ongoing debate strained relations between iran and between the u. S. About the supply routes across the strait of. To that what is happening now in saudi arabia and the installations which have been recently hit is this. The beginning of a new geopolitical caltex where oil supplies have to be redefined in a way or another yeah i think thats a great question i think weve been in a period where theres almost been a geo political discount for oil rather than a geo political premium and that has seemed inappropriate to me and has driven me to be long oil equities because they are particularly mispriced but i think i think its its one of these strange things where oil had done so poorly and been so oversupplied for so long that quantitative analysts quantitative funs have just been shorting any rally in oil from a price perspective and from a size perspective the paper barrels available on wall street and across c. T. S. And other quantitative trading platforms are much larger than the fundamental barrels that are produced and sold on a daily basis and that i think has kept this discount longer and made it larger than it should be and i think were in the process and we may see a revaluation starting on monday geo political discount going to geo political premium saying the americas the sod is and many others believe that what the earth is is due to the help they are getting from the iranians particular from the
Islamic Revolutionary<\/a> guards for that perspective do you believe that were going to work as a broader confrontation between the saudis and the iranians were yemen could be the battlegrounds. I mean those claim. Actually try to ignore that there is a bloke in yemen nothing go in or out of yemen only. Must be searched by the saudi
Led Coalition<\/a> on the other hand lets say that with their claims. Right if iran really is supply in this what does this mean that the located in yemen has say that the saudi arabia has killed 250. 1000 of yemenis because of the blockade unitive have said one child died every 10 minutes because of preventable diseases so i mean why did they enforce this blockade on yemen and why i mean did they should go to war with iran in a state of fighting someone who is broke c and you cannot defeat him so how can you actually defeat iran if iran really who is supplying those weapons but those weapons on those attack on saudi did not start only after saudi launch its war on yemen so did not only target and hosey they even killing each other in the south has already declared the
Muslim Brotherhood<\/a> as a terrorist organization the same thing with
United Arab Emirates<\/a> which claim to island by iran the only thing they want from yemen they just want to buy yemen rhode island and other island and the main. The best today thats why they came here and they didnt come to fight iran iran is in the
United Arab Emirates<\/a> there are flights going from there so they should focus on iran i live yemen simon saudi arabia is broke down in this conflict in yemen which has turned out to be a total embarrassment do you think that of this particular states are they going to be engaged in any confrontation with the iranians or they are just in one position where they have to sort of swallow their pride. I think that this saudi iranian rivalry is long and its complex and it transcends the yemen conflict and i think we must we must put it into context here we must say that this rivalry well it has taken on and it de tional meaning after the revolution of 1979 it has its roots far earlier than that and its about a struggle for regional supremacy its a struggle for regional order and we see that continuing to play out albeit with the sort of the veneer of religion in the years after the 1979 and thats when we can see it playing out in yemen of course as a struggle to to exert its influence and to preserve particular forms of
Political Organization<\/a> but it also plays out in iraq in the train in syria and in lebanon in different ways in clown text specific ways and i think what we see is that the saudis are increasingly concerned not only about increasing the rate in him flowing but their own position vis a view that and so that way i think it would be incredibly hard to see the saudis winding back from the us i think itll be difficult to see them taking a step back because of concerns about what tone what this could mean for the iranians and their influence but also what that would mean for their own just to missy but put the mastic audiences and international in the struggle against the iranians just this comes when the sun is us really excited about what they consider to be plans for the largest initial
Public Offering<\/a> of stock in the world for their oil company around coal which they believe could be one of the biggest financial events of all times is this something that comes as a major setback for all those plants. Yeah i mean ironically every news article every news headline every new segment like this. You know is going to further exacerbate the
Political Risk<\/a> that gets priced into saudi aramco i think a way to think about it is for every dollar per barrel that oil goes up on sunday night from a u. S. Perspective monday morning. That should translate into multiday dollar per barrel discount in the valuation for saudi aramco relative to what it might have been a couple weeks ago prior to this kind of further physical and geo
Political Risk<\/a> getting priced in and i think theres been a little bit of misunderstanding about what a ram co could or should be worth there is this idea that i mean its almost like being talked about like a we work or
Something Like<\/a> that where it gets valued at this kind of extreme high valuation while does produce a lot of barrels of oil
Oil Companies<\/a> predominantly today are trading as a multiple of the da that they generate you know their earnings before interest taxes depreciation and amortization so you know if you look at what aramco actually earns net of taxes and royalties and so on and then and you know we dont have the exact financials out but if you look at what they likely earn and then you look at the additional discount the needs to get put on their multiple given the geo
Political Risk<\/a> and the actual physical
Security Risk<\/a> of their barrels being able to get produced and getting processed and getting sold i mean one could argue that the likely valuation if they went public tomorrow would be substantially lower than the number that theyre talking hossain youve been talking about the truth is determined to continue the attacks but dont you think that is so the could backfire because when he hits the arabia what it hurts they might buck the mines come back with massive strikes than of a before. I dont think that the saudi has anything to offer now because they have used the old the force at the beginning of this war and they have to reach anything but on the other hand we see that the hoti is using the war against saudi arabia stage by stage and i think the 1st war in history that one side which is on sort of those hidden are always warning the saudis stop the war all we can i thought to get your main vital site you should stop this war or were going to extend our attack deep inside saudi arabia i mean the main issue here is not about where the weapons come from because we know saudi arabia by although i was from
United States<\/a> that is you u. S. And u. K. But a signal inside saudi arabia helping them the main issue there is one country was saudi arabia a night out of any of those will launch to a war against yemen or against the host either agree with them or not. You should expect that this group they will attack back they will retaliate they will try to defend themselves but now we see saudi is crying out loud in every corner of of the war if the word about those attacks and i just want to add one more important thing about deuces statement from a u. S. Official about that iran is to blame all these drones came from iraq we should actually listen to
United States<\/a> where remember before the invasion of iraq colin powell and they were in
Security Council<\/a> with a small pipe have said that this pipe cannot kill everyone in the room and they have launched a war against iraq to find weapons of mass destruction they havent found anything they destroy the entire country the same thing they want to do to yemen but i believe there are more attack coming on saudi arabia its basically on the
Oil Infrastructure<\/a>. Simon the u. S. Accused iran for being behind those attacks and offered help
Society Arabia<\/a> could this translate into a new path where the americans would say you know what i think for the sake of a smooth
Energy Supply<\/a> worldwide we need to protect the saudis when it to build a new defensive infrastructure to put an end to those attacks targeting the
Oil Installations<\/a> quite possibly yeah i mean what we fly think seems sense since donald trump came to power is an increasing pressure from between the saudis and the americans because prior to trump under obama thered been a lot of friction and been an increasingly fractious relationship between washington and riyadh and so on to try on. This 1st official state visit we start to see this thawing this this this cultivation of the relationship between donald trump and mama bin soundman and the king and i think this is probably the next logical step we know that theres been a great deal of trade between the 2 defense spending etc so i think this would be the next step in a relationship that has really gone back to strengthen going back to its roots for real fundamentals i should say but i think that if this does happen then it will really play into a rainy and concerns it will it will really exacerbate their fears iran has long seen itself is uniquely qualified to to to assert
Regional Security<\/a> whereas the saudis a rely on next earnings funders and external actors so this would really add exacerbate tensions i think and make the situation far worse just the if you look at the targeted
Oil Facilities<\/a> they can process
Something Like<\/a> 9000000. 00 barrels a day and the production though was cut off because of the estimated at
Something Like<\/a> 5700000. 00 barrels a day talking about over half of the nations overall daily output. Do you expect the oil prices worldwide to be affected were going to see a dramatic increase in the oil prices in the coming days or weeks yeah thats a great question and the estimates that ive seen have been anywhere from a 5 to 15 percent potential gap up in oil prices from the
Closing Price<\/a> on friday to the opening price on monday. My personal view is that actually the more interesting place to look isnt going to be in the spot price for physical crude and its not going to be the nymex spot price its going to be the combination of the forward curve so what does oil look like 3 months out a year out and then also what do valuations do u. S. And canadian shale producers because if their valuations start to increase along with the forward curve so further out oil prices increasing you could see a substantial increase in drilling activity in the u. S. And canada which over the short to medium term could start to offset some of the losses so i would watch for both the immediate effect which again analysts much smarter than me with much more data than me or estimating a 5 to 15 percent along with the potential revaluation up a very depressed levels of oil stocks in the u. S. And canada saying is there any rule in the future for political talks with the saudis of the whole thing the host is willing to go to morrow and talk to the saudis and stop this. Of course they are willing to do that and they did that i believe in april in 2016 in the run and you know south saudi arabia because its already made that secret then after that saudi didnt actually keep any of the of those agreements but hope. To talk directly with saudi arabia but we know that saudi arabia doesnt want to be a member of any. Future tall corps as well in the past or because they still call it yemen civilian war or yemeni conflict thats why saudi actually but i believe there are thought of those type of attack and if those in yemen i mean extent of it i thought they would force the saudi government to the table but now it will be diffident now and solid or they are stronger than before so they were both that demand on the table thank you well have to leave it there saying the right is simon le bon. Young i really appreciate your contribution to the program and your insights thank you very much indeed and thank you too for watching you can see the program again any time by visiting our website aljazeera dot com for further discussion go to our
Facebook Page<\/a> thats facebook dot com forward slash story you can also join the conversation on twitter our hundreds at a j inside story from me the whole team here in doha but for now. Talk to aljazeera we ask what guarantees will you give to the people will be attending the minimal workshop we listen im supposed to explain apologize for someone who is also terrorizing me we meet with global newsmakers and talk about the stories that matter on their own to 0. The latest news as it breaks while lined up has been tossed officials expect to receive images from the all the top with details coverage dangers remain from life like the stronger for catherine i want to put up the front 3rd of
Hurricane Dorian<\/a>. From around the world is flooding will light states for a few days then he look at the national you know city in the capital. If youre in beijing looking out the
Pacific Ocean<\/a> youd see
American Warships<\/a> when myth was that somehow time is aiming to replace america and go around the
World College<\/a> chinese are not that stupid these guys want to dominate a huge chunk of the planet this sounds like a preparation for our 1st president
George Washington<\/a> said if you want peace prepare for war the coming war on china part 2 on a just you know. I really felt liberated as a journalist was just getting to the truth doesnt i will thats what this job. 0. 00 am fully back to bill in doha this is the news hour on aljazeera coming up in the next 60 minutes iran accuses the u. S. Of deceit after washington blames tehran for the drone attacks on 2 saudi
Oil Facilities<\/a>. Polls close in tunisia but only a 3rd of voters turned out to choose their new president also this hour of violence flares again on the streets or hong kong after tens of thousands of protesters defy the police but. Hello im
Maryam Namazie<\/a> in london with the top stories from europe including despite defections and turmoil over his suspension of parliament the latest opinion poll places british
Prime Minister<\/a>
Boris Johnsons<\/a> ruling conservatives constantly ahead of their rivals. Who had a sports spring in all the basketball champions they defeated argentina to look at the world cup for the 2nd time in their history. Thank you very much for joining us on is accusing the u. S. Of deceit after washington blamed tehran for drone attacks on the
Worlds Largest<\/a>
Oil Processing<\/a> plant in saudi arabia yemens hoofy rebels said they were responsible for saturdays explosions which knocked out more than half of the kingdoms entire oil output all eyes are now on the impact on oil prices when markets open on monday they tore a gate and he has our report. The rebels in yemen say they flew on drones across the border far into saudi arabia to attack 2 major
Oil Facilities<\/a> if confirmed its the most ambitious and devastating operation following dozens of smaller scale strikes in the kingdom in recent months. Give us a phenomena and mildewed we exploited vulnerabilities in the
Saudi Defense<\/a> system and we built our drones in order to avoid these systems therefore the saudi and m. Iraqi airspace became open to us after their
Defense Systems<\/a> failed to even spot the drones. The us secretary of state blames iran for saturdays attacks might pompei says theres no evidence they were launched from yemen although he hasnt explained how iran is to blame or where the drones took off from iran is dismissing pompous accusation as meaningless foreign minister zarif tweeted having failed at maximum pressure secretary pompei is turning to maximum deceit u. S. And its clients a stuck in yemen because of the illusion that weapon superiority will lead to military victory blaming iran wont end disaster the state owned
Oil Company Saudi Aramco<\/a> says the fires started by the attacks knocked out more than half its entire daily output close to 6000000. 00 barrels of oil the
Saudi Energy Minister<\/a> says stockpiles of oil will be used to offset the loss of production but oil markets havent seen a shutdown on this scale since iraqi troops invaded kuwait to start the 1st gulf war in 1990 and its not clear how long repairs will take analysts say saudi arabias
Oil Infrastructure<\/a> remains vulnerable to more attacks which the who thiis are threatening now as targets because there are so many of them and in terms of pipelines their side difficult to defend its very difficult for the saudis to guarantee their own security i have all of those infrastructure targets at certain certainly a strategic vulnerability for them. The attacks may undermine
Investor Confidence<\/a> in a ram cos anticipated stock market debut the saudi government hopes it will raise up to 100000000000. 00 based on a 2 trillion dollar valuation of the company i dont think it will affect the i. P. O. Of course the
Global Supply<\/a> of 10 percent of the
Global Supply<\/a> come from and what the
Global Economy<\/a> and the global source of energy so the world wont accept the street. With no saying so that if you want all of. The attacks which have cut 6 percent of the worlds oil supply could drive up prices the impact will depend on how quickly the saudis can restore full production
Victoria Gate<\/a> and be al jazeera. Irans president
Hassan Rouhani<\/a> has called for regional talks to resolve the conflict in yemen. What is concerning is the wrong path of the americans in the region they are supporting
Chaudiere Arabia<\/a> and the u. A. E. Instead of confessing to their role in creating instability they point the finger at other countries in the region dialogue between regional neighbors is the only solution to resolving the conflict. Barry has more now on the iranian reaction from tehran. Iranian president
Hassan Rouhani<\/a> commented on the latest accusations made by the
Us Government<\/a> that iran was involved in the attacks in saudi arabia has on iran he said that the
United States<\/a> instead of pointing the finger at other countries needs to take a look at its own role in creating this instability in this region ronnie said that the
United States<\/a> is supplying arms to saudi arabia and the emirates he
Led Coalition<\/a> that is waging this war in yemen he urged all parties that the way to resolve this conflict and have some kind of stability in this region is suits for dialogue there were said over and over again that theyre willing to mediate between all the parties involved to bring some kind of an end to this conflict iranian president
Hassan Rouhani<\/a> has also said in the past that these kinds of accusations only further ties between tehran and washington do not help to create any kind of dialogue between the 2 countries that is something the u. S. President donald trump. Interested in having a meeting with the iranian president at the
United Nations<\/a> later this month but given the current climate and the accusations that have been coming at the rate in officials it is very unlikely that president
Hassan Rouhani<\/a> will be open to that kind of meeting until these sanctions are lifted on iran and that this kind of behavior that iran says has been waged them is changed for the time being. And im not a christian salumi in washington d. C. For us christian the u. S. Quick to blame iran did it offer any proof. Not yet but the consensus on both sides of the aisle here in the
United States<\/a> seems to be that the who are these could not have done this without some sort of assistance from the iranians and certainly we know theres been a flurry of phone calls between government officials
National Security<\/a> officials and other countries a response to whats happening so we may hear more about that in the coming days for the
United States<\/a> this is not just an attack on one of its closest allies in the region but its also. An attack in the words of my pump a 0 on the
Worlds Largest<\/a> oil supplier and further provocation in tense relationship between iran and the
United States<\/a> a tense relationship thats been in place ever since the
United States<\/a> decided to withdraw from the nuclear deal with iran and other countries since then the
Trump Administration<\/a> has been engaged in what it calls a maximum
Pressure Campaign<\/a> against iran attempting to tighten the financial noose around iran increase pressure on them bring them back to the bargaining table over their
Nuclear Program<\/a> this is seen as something that could further escalate the situation driving up oil prices taking a toll on
Global Markets<\/a> and perhaps the
Global Economy<\/a>
Kellyanne Conway<\/a> is a white house counselor and she was speaking on some talk shows here in the
United States<\/a> earlier today and she said that the
United States<\/a> will take steps to mitigate that they could open their streets t. J. Coil reserves for example to help keep the prices down here but many analysts are predicting that nevertheless this will have an effect on oil prices globally yeah and well look at the impact on the
Global Oil Market<\/a> very shortly christine in june of this year early this year the u. S. Banned in the at the last minute they called off an attack on iran on
Iranian Military<\/a> facilities after iran and legit a downed u. S. Drone over the pear persian gulf has there been any talk this time around of retaliatory strikes against syria. Well you know that plan was advocated by
National Security<\/a> advisor john bolton who has since been forced out of the administration by
President Trump<\/a>
President Trump<\/a> accused him of being too bellicose and wanting war. He was hoping to pressure as i said the iranians back to the negotiating table with this maximum
Pressure Campaign<\/a> he even held out the prospects of a face to face meeting with president
Hassan Rouhani<\/a> coming up at the u. N. General
Assembly Later<\/a> this month the question now is that invitation still open some in the president s party have suggested that the state department should deny the says to iranian officials coming to the
United States<\/a>
Kellyanne Conway<\/a> was asked about the possibility of a meeting in the possibility of retaliatory strikes she said that she didnt want to get ahead of the president or might pump a. O. s on that subject in particular she said there are many options on the table but she did seem to hold open the possibility that a meeting could also still take place and certainly left here in the u. S. Officials are pushing for something to calm tensions as opposed to escalate them so well see what the president decides later thank you very much for that christine salumi lifeforce in washington or lets now speak to peter cardio who was chief market economist at
Spartan Capital<\/a> securities his my from new york thank you so much for being with us so what impact do you see these attacks having on the
Global Oil Market<\/a> in the short term and in the long term. Well in the short term obviously will have a spike go by would be a big surprise to see the price of oil to go up to around 60. 00 possibly even 65. 00 but i dont think will be long lasting because you know. There were. Reports coming out from the wall street journal. Not too long ago suggesting that saudi arabia is aiming to put back its. 2 thirds of its production loss by monday which is tomorrow so with that the world is pretty much well supplied with. At this time and so i think whatever happens its going to be short lived now that doesnt mean that you know negates the geo political problem that we have in that part of the world absolutely not and thats going to continue so if anything i suspect that we could be looking at maybe an average price of about 68. 00 to 59. 00 in oil prices. And then in the longer term depending on how the
Global Economy<\/a> is doing right how much do you think this destruction is costing saudi arabia right now oh its going to cost them a lot of money certainly a lot of revenue and i dont have a particular number to to give you right now but i can tell you you know for the next. 10. 00 to 15. 00 days theyre going to lose a lot of revenues and that revenue obviously is is based on their exports so assuming that the wall street journal is right that they do get 2 thirds of their production up by by tomorrow. Youre still looking at a hefty loss you know that means","publisher":{"@type":"Organization","name":"archive.org","logo":{"@type":"ImageObject","width":"800","height":"600","url":"\/\/ia601003.us.archive.org\/26\/items\/ALJAZ_20190915_230000_NEWSHOUR\/ALJAZ_20190915_230000_NEWSHOUR.thumbs\/ALJAZ_20190915_230000_NEWSHOUR_000001.jpg"}},"autauthor":{"@type":"Organization"},"author":{"sameAs":"archive.org","name":"archive.org"}}],"coverageEndTime":"20240716T12:35:10+00:00"}