This issue and the judgment of the president s actions that they would be left to the american fleet. But now its been brought in a criminal indictment and i cant assess whether or not the government has the evidence to prove beyond a reasonable doubt what they assert in the indictment, in the presence entitled to a presumption of innocence. But for my part, i want people to know that i have no right to overturn the election. And thats what the president maintained to that day. And frankly has said over and over again over the last 2 and a half years is completely false. A dan, its contrary to what our constitution in the law. Busy is with this country provide is a community to associate will not bound to International Pressure to reinstate to post prices a 100 buzzing. The west African Regional voc echo us a sanction magenta hunter has sent a delegation to a boot or to discuss the use of military force fighting it. As a last result, you found a lot to do with regards to equal boss and the west African Economic and Monetary Union is with amazement that these areas have learned of the legal, unjust, and inhumane sanctions imposed on them. But they are above all, unprecedented, for the 1st time in the history of a community organization, the member countries decided to pronounce such severe sanctions against another member country these year without any consultation and without going through dialogue or intermediate measures. Russia has a tax evolved from ukrainian grain exports facility near the border with romania operations now suspended that the is now 4th on the new river became the main transit points, the great off the russia pull down to the black sea. Great and police in brazil have killed more than 40 people in rates across the 3 states as part of operation to combat drug gangs. But is all the headlines on use here and ill just, theyre off to counting the cost. In depth analysis of the days headlines, the care motivation for, for goes and was the preservation of wagner as its own and not being some students by the state. Inside story on al jazeera of the hello and 0, then yea, this is counting the cost on alpha 0. Your weekly look at the world of business and economics. This week, heat waves, the war and ukraine, and export bands on a central staples. The threats to global Food Supplies are piling up. Will that lead to higher prices and more hunger. Also this week, oil supplies are tightening, and prices are creeping higher or market starting to turn in opecs favor after a series of production costs. A lack of fuel, a lack of food, and a lack of money to buy basic goods to vice training, to an old ally, russia to help ease its economic crisis. The sporting temperatures ravaged funds from the us to china, russia quite a deal that allowed the safe passage of ukrainian grain exports through the black sea. And ukraine says moscow hit its green silos and boned export routes. On top of that, india, a band, some rice shipments to keep domestic prices in check. Threats to global Food Supplies are rising once again, and its fear that they will raise costs and worst and hunger across the world. Fenton monahan reports on the situation in lebanon, and chad, the wheat harvest season is almost over. Farmers say they have little choice but to bolster production because of level of economic crisis. And the rising global boot price is due to the warranty ukraine. But the country is far from producing enough to meet local demand, upset the on skin with a heavy in the past. The percentage of farmers who grew weeds was around 40 percent. Now its more than 70 percent. If we get more support, we would be able to grow much more infinity, but it is an expensive business, especially since less than on imports, almost everything and local currency. Last for the 95 percent of its value, the nearly bankrupt government has promised to support production by providing seeds at a low price. In the we face a lot of challenges to be able to invest in orlando. We are poor, we need dollars to bypass designs. Thats why the government should support the se in lebanon wants to end its dependents on imports. But theres a long way to go. In chad, the war and ukraine is also disrupt supply chains and made existing problems even more difficult to manage. Document diode is replanting her farm after the previous croft failed. Its been weeks since there was any significant rain, full appointment for the rains were best to last year at this time. I fear this could mean to harvest was to farmers here say to lose more crops if they dont see more rain. But thats not the only problem that ive seen, you know, monday at the, the, even when the rains come, we liked the necessary tools to cultivate crops. Seeds are beyond our reach. With each passing year, the area of cultivated land and chad shrinks. As the fact of Climate Change becomes more severe that jeopardize the jobs of 20000000 people. And many are going hungry with 1000000 suffering from malnutrition, all made worse by disruptions to Food Supplies from abroad. Bins and mulligan for counting the cost. And joining us now from cape town is peter t jacobs. Peter is a Research Director at the Inclusive Economic Development division and the Human Sciences research council. You are joining us from cape town. Peter is good to have you on the program. Do you see a scenario where the ukraine green deal could be revived, or do you think the world just needs to adjust now to a reality where its just harder for ukraine to explore this . Great, a good morning. Yeah. Prospect school, the green deal to be revive a really very slim at this point because they have been a lot of other people. And in the meanwhile, im one of the developments as you, while aware, all these, the current 2nd africa, russia summit in moscow. And this will result in, i think, the continuation of for the escalation of a transfers of food brains between russia and ask because of an african countries and other forms of food, the support for african countries, the grain to us boys being very controversial. And one of the most controversial aspects of the grain deal according to recent estimates as being that to this being a differentiation. All the benefits from Different Countries of different regions of the world, from the grain do some estimates suggest that uh, between uh 60 percent and 2 thirds of the green exports actually went to the go global north into europe. Specifically. Whereas a small number of countries into one of asked me to put example of benefits from to bring deals with the of us not being an even distribution of the benefits of the grand deal. Well, peter, come down to the get you to address that because that is exactly the criticism that vladimir put in his level that is green deal. He says, look, this has been a lie all along. It was supposed to help alleviate the, the suffering and, and food and security of the most vulnerable people. But actually, africa has only been getting a tiny fraction of the grain from ukraine, europe, getting the lions share of it. Can you, can you help settle that debate . For us, for the positive aspect of the great deal, and this is a very, very profound estimate or an important estimate. Hes, that the grain deal has helped to moderate grain. Uh, price is a serial price is a cost of low to moderate. The increases at the producer level all of these prices because it is allowed, one of the key brand baskets of the world, both in terms of grain exports but also because of foot logic sports. Its cruel ukraine. To have a lawyer the, the prices of brain and the estimates is the date anywhere between roughly 14 and 15 percent of global prices for the last 3 months have really declined quite substantially. Dean 0 grains as a result of the black sea grain initiative. Remember, the withdrawal of russia from the initiative only took place fairly recently, and so to spend on brief ex, for the july prices to be looking at uh, whats basically as a result of the initiative that has been in place for several years. So this being a, the positive impacts of the grain deal at the producer level of producer prices, at least they felt weighed. I think the um, even distribution from my uh, you know, point of view. Okay. Uh, but if we had both together, i think it would have been a much bigger benefit. I have mentioned already the background of the car on some of this competing in moscow. Ready and this summit, im sure hes going to continue the distribution or distribution. The range of 2 distribution arrangements between moscow and 7 applicant countries. A how the panel we, we, we cannot see. And at this moment peter, Something Else i want to put on of yours radars. There are other factors that are weighing on food security, food in security as it were a globally. And i talked to us about number one. The in the ban on rice exports and number 2, the heat waves that were seeing just the weather conditions that are made, the harder to grow crops at the moment. One of the key beneficial benefits that we getting from the harvesting to be that thats happening in, in the we to harvesting in the global south as being in the american for example, the not in teen in these countries weve, weve, theyve been able to export quite a bit of the grains august 15th this particular season, and they need the global more. We now see the big extreme effects of Global Warming and the impact of, uh, you know, Climate Change onto production could capacity. The worst scenario i think is panting out there, its not what the story can be expected as just fuel droughts, but weve always been aware of the importance of, of mob scale fires and, and these are fires have a really devastating and destroying lots numbers of, of krupps and across are the major producing regions. The indian situation is very, very important. Why . Because i think a lot of the arrangements in the, in the rice exports in africa, for instance, the south africa and in Southern Africa broadly, theres been a heavy dependency on rice exports from india and other countries. Nonsense to stop at the war. Even before b lexie, granite, east of k mean, there was a kind of a tendency towards food nationalism as, as, as it was for different time. And unfortunately, this has resulted in countries and especially countries that have historically has advantages inception crops such as rice, india b indicates occasion point of being saying while arguing that it is more important to secure the Food Consumption of our own country, randa then you know, to step in to compensate for picking pick up the war in increasing increasing exports. But the fact is, i think that that also wasnt the situation at the moment to effect as specifically i think theres been a lot of disruptions to a Global Transportation networks. And this is affecting negatively on the transportation of food on a global scale. But a lot of the countries have also been affected by severe difficulties in affording purchase as a full, full purchase of inputs as a result of inflation to depression and, and the depth. The, the global debt situation as, as made the scenario, you know, a lot of companies extremely oppose and extremely bad. Peters who look at all these threats that are worsening food and security around the world. Is there something that the International Community in your view should be doing that isnt currently doing the r r initiatives at the United Nations level that i think we, we have to look at the re carefully and how to strengthen some of those United Nations level initiatives. The in the United Nations in this because they are really about the delivery of sufficient food for the World Food Program and other agencies to countries in the global south, especially with these as a to the best situation needs to be extremely severe. And we look at the latest state of fluid insecure to report that just came up and was moving to the beginning of this month, where weve had an addition of a 122000000 people across the board has to be able to view the food in secure, in the last uh, yeah, and this is an extreme situation. Of course, we know that it is the compounding impact of both the war uh that, that the end and the stove, the off the bottom of the quote with 1919 pin pandemic. So we, weve got to have interventions at all levels virtually at the Global Global level, the key area in the global initiatives. I think these, the you and support for climate interventions that work ensure that the sleep Production Capacity of countries become more stabilized. This i think will be one of the most important initiatives at the global level that the cost must, uh, you know, around the, around its pool pita t jacobs. Thank you so much for your time. Great to talk to you today. I appreciate it. Take care, bye bye. The people supplies low to keep prices as high as possible. Thats been the strategy of the Worlds Biggest Oil ex borders who have been cutting out put gradually since last year. But theyve been concerns about weak demand inflation. And theres been uncertainty about the Global Economy until recently, markets largely shrugged off the cuts. The opec plus alliance had had little luck in pushing oil prices up. Now though, there are signs that the supply cuts are paying off for them. The worlds benchmark Brent Crude Oil surged above 80. 00 a barrel last week for the 1st time since april and Goldman Sachs expects prices to rise even further. Early last year prices rose to more than a 130. 00 a barrel after russian invaded ukraine. Analysts say saudi arabia wants relatively High Oil Prices to balance its budget and fund and ambitious development programs. So saudi has been leading the Oil Production costs that now amount on paper to nearly 5 percent of global supply. In october last year, opec plus cut output by 2000000. 00 barrels a day. Its biggest cut, the output since the end of the pen demik. That angered the us, which was pushing the group to boost production in order to help ease prices. Several months later, the alliance agreed to slash out put again, unexpectedly, the move in april 1st price is up to more than 84. 00 a barrel, but price is soon dipped again. So saudi arabia announced a unilateral cut this time to output by another 1000000 barrels a day that began in july. It recently extended that through august, and russia also now new carves on oil exports after much delay. Moscow is crude traded last week above a price cap set by western nations. Joining us from london is edward gardner. Edward is the commodities economist at capital economics. So edward oil prices have been rising for 5 weeks consecutively. Now whats driving that . So were prizes in prison from around and 75. 00 to borrow the stocks. Its a month to about 84. 00 to buy and today the reason for the the price increase is mostly supplied. So the supply coats the gradually taking place since august. The last year i have continued to constrain the markets, and we think that constrains supply from coupled with stronger demand from china, thanks to its economic reopening and the end 0 coded and resilient demand in developed economies such as the us or contribution to Market Participants expecting a type of oral market in the coming months. So from all sides we focused at the Global Oil Market will be in a deficit in the 2nd half of this year, slipping from a surface in that 1st off of the yes and um, in large part of that, its due to Strong Demand in us on her arms at the moment, 20000000 barrels today, which was down slightly from last year. Its still close to the record high. Its 21000000 bounce today in the early 2, thousands and thats at the time of Rising Interest Rates for the better results. Raising the interest strikes and chinas reopening has led to increased refinery throughput crude oil 7 june. We had on nearly 15000000. 00 Barrels Per Day of crude oil being or 5 in china, which is the 2nd highest on rap on. So the combination of Strong Demand and lowest supply, some pads, and some improvement incense when contributions to the increase price of the saudi production cuts and the most significant that theyve been in, in 5 years. Do you expect that to continue . So you rank it would rather see the oil price, stay steady, steady and have a full rhonda to potentially rise to saw. So we wouldnt be surprised is the starting rate here extend that it sponsor into september . But, but from our market bombs estimates, we dont actually think that its necessary. We do still already expect the oil market to be in a deficit, and the 2nd half is yet, which should have sort of the price by itself. Talk to us a little bit about this specific situation that russia finds itself. And because europeans impose a cap on the price of russian oil, except, except the russian oil is now trading above that cap. So that, does that mean . Now we know the conclusion is that didnt work. It doesnt necessarily mean the price competence was the fact that versus crude oil um, in, in europe can, can sell for more than 60. 00 to borrow. Now. Means that to actually move that crude old russia will have to use known western Financial Services and logistics. And if we really think about what the motif off the products got was from the very beginning, it was to limit rushes for revenues and not necessarily deprived the market of crude oil supply. So in that respect, if we do see where she continued to move crude oil even so even when the critical product, as opposed to 6 dont about have. And, you know, what we could see is russia still having to pay quite um, quite high amounts of us money to, to sort of made these mon weston and provided movements soft spots, crude oil, and not crude cuts into its oil. Revenue was sti