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tv   NEWSHOUR  Al Jazeera  September 16, 2019 2:00am-3:00am +03

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police are using on reasonable ballance the person using force not ballance bolland's only when people. see water cannons police back 6 which have so far only emboldened protesters to keep surging forward for the last few months these have become familiar scenes the streets of hong kong have become a battleground this is hong kong on edge young people here tell us they are forever transformed by the recent political turmoil and they are risking all to resist what they call creepy authoritarianism from. an indulgent on just 0. still ahead on al-jazeera category have. described the aftermath of. our visit to the bahamas. after centuries of living in kenya. being wiped.
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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 forty's 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
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we've 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
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politician and the inventor on al-jazeera. the recap of our top stories on al-jazeera 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 saturday's explosions which knocked out more than half of the kingdom's 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
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of the vote and police in hong kong have used tear gas and water cannon to break up the latest anti-government 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 we're 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
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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 it's a storage to supply and give its customers so that it would also have that we don't 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 it's 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
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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 it's a community the idea that middle income countries should not be supportive it's a wrong idea especially with middle income countries of high levels of all the ability to external shocks they're not responsible. and so i hope that the international community will be able now obviously is the moment of steel rescue in
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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 that's 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
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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 it's 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 don't 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 we're trying to get information from areas that have compromised communication systems so we're really working with a coalition of partners to be able to collect that data and analyze that so that
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decision makers feel confident in their next steps as they planned or it's mid-term 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 al-jazeera 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
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a battle is underway for the survival of the narges forests of its kind in east africa kenya's 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 it's a relationship of cultivated over centuries which is at risk. the bees done tree unsub back but we know what death thinking it's death by the sound they make they are angry they are upset with the destruction in these forests. east africa's largest indigenous force was cut down to almost half of its original size over the
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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 kenya's 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 that's why the government here is taking such drastic actions to protect the environment at risk of extinction say
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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
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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 it's. the palestinian refugees in lebanon say they don't 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. they're 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
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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 father's 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
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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 i'm 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 they're looking for a better life outside lebanon. beirut. it's called remain in mexico
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the new agreement between the mexican and u.s. governments on asylum seekers tens of thousands are stuck waiting to see if they'll 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 city's 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. that's where this bus comes in it's 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
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know in here they're 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 it's a way of giving them tools so that they can be stronger more resilient able to express their emotions and say what they're feeling and that's really important and it's what we're 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 they've been here for months she's just glad he's getting some education i'm which isn't the answer he said to me though. then yeah i feel frustrated knowing that if he was in school right now he'd 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
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told us there's little government outreach to try and get them into school and their parents are sometimes reluctant to enroll them knowing they'll 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. it's a brief break from the uncertainty and boredom of young lives lived in limbo don't hold out to see it or to form a. well again i'm fully back to bill with the headlines on al-jazeera 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 saturday's
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explosions which knocked out more than half of the kingdoms in thailand output there's 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 o'clock 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 we've been speaking to a lot of frustration about what democracy has delivered or what it hasn't 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
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tear gas and water cannon to break up the latest anti-government 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 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 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 for u.s. 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 the united auto workers union is pushing for better wages health benefits and job security guarantees
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you're absolutely headlines on al-jazeera inside story starts now. how it sounded maybe i'll respond to more drone attacks on its oil processing plants of the kingdom's 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.
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the welcome to the program. it's 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 world's largest oil exporter one a major success knocking out the world's largest processing plant. it's not known how long repairs will take oil markets haven't seen a shutdown. since iraq's 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
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the targeting of our civilians for the last 5 years. let's 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 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. let's
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bring in our guests in. a yemeni affair specialist via skype simon le bon director of the richardson institute for peace studies at lancaster university in houston texas josh young what for you matters a bison interest. while come to you all. the latest attack of the oil installations 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 it was kind of a message to saudi arabia that we're going to start to target you all. but because the saudi actually has continued its war and its combat and blockade on
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yemen they haven't done anything to. agreement and that's 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 that's 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 we're talking about sun's arabia which is one of the biggest oil producers in the world and now with this potential for more disruptions to happen in the near future sure the international community be concerned or should or in markets because sant. yeah i think it it's easy to see
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how that might be a conclusion to be drawn that the international community has long been focused on yemen albeit a slightly different really isn't there's been a great deal of humanitarian concerns about the ongoing situation there the ongoing bombing campaign and the devastating impact the potential for folk catastrophic human suffering beyond the scale that we're seeing right now so the international community is focusing on it but much like it's 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 and so i think adds another dimension to the international community 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
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to the humanitarian suffering just. as widely known for having this ability to coach and against any oil prices spike 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 that's 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 you're 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
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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 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 that's struck the oil installations 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
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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 didn't say. i mean that they didn't 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 it's actually what's clear now that about hard now is for their money out of me even
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though they have simple drones saudi arabia have all that type of weapons from the united states and still they couldn't 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 we're talking about saudi arabia which is the world's 3rd highest spend on military equipment investing something like 7 almost $70000000000.00 in 2018 yet they cannot intercept and destroy. some of them don't 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
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we've 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 for a counterinsurgency campaign the u.s. is a hugely dominant military force but struggle to curtail the militias and the it is a sense that we're challenging them and it's 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 that so it's a paradigmatic example of asymmetric warfare in this very little that you can do to
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stop it unless you try and take out the root cause which is why we're 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 that's a great question i think we've been in a period where there's 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 it's it's one of these strange things where oil had done so poorly and been so
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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 we're 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 guards for that perspective do you believe that we're going to work as a broader confrontation between the saudis and the iranians were
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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 on the other hand let's 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
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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 as a terrorist organization the same thing with united arab emirates 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 that's why they came here and they didn't come to fight iran iran is in the united arab emirates 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
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rivalry is long and it's 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 it's about a struggle for regional supremacy it's 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 that's 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 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
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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 it'll 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 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 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
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night from a u.s. perspective monday morning. that should translate into multi-day 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 geopolitical risk getting priced in and i think there's been a little bit of misunderstanding about what a ram co could or should be worth there is this idea that i mean it's almost like being talked about like a we work or something like that where it gets valued at this kind of extreme high valuation while does produce a lot of barrels of oil oil companies 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 don't have the exact financials out but if you look at what they likely earn and then you look at
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the additional discount the needs to get put on their multiple given the geopolitical risk and the actual physical security risk 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 they're talking hossain you've been talking about the truth is determined to continue the attacks but don't 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 don't 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
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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 we're 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 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
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actually listen to united states where remember before the invasion of iraq colin powell and they were in security council 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 haven't 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 it's basically on the oil infrastructure. simon the u.s. accused iran for being behind those attacks and offered help society arabia 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 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 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
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americans because prior to trump under obama there'd 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 there's 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 whereas the saudis a rely on next earnings funders and external actors so this would really add
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exacerbate tensions i think and make the situation far worse just the if you look at the targeted oil facilities they can process something like $9000000.00 barrels a day and the production though was cut off because of the estimated at something like $5700000.00 barrels a day talking about over half of the nation's overall daily output. do you expect the oil prices worldwide to be affected we're going to see a dramatic increase in the oil prices in the coming days or weeks yeah that's a great question and the estimates that i've seen have been anywhere from a 5 to 15 percent potential gap up in oil prices from the closing price on friday to the opening price on monday. my personal view is that actually the more interesting place to look isn't going to be in the spot price for physical crude and it's not going to be the nymex spot price it's going to be the combination of
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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
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that i believe in april in 2016 in the run and you know south saudi arabia because it's already made that secret then after that saudi didn't actually keep any of the of those agreements but hope. to talk directly with saudi arabia but we know that saudi arabia doesn't 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 that's 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 we'll 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
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see the program again any time by visiting our website al-jazeera dot com for further discussion go to our facebook page that's 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 al-jazeera we ask what guarantees will you give to the people will be
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attending the minimal workshop we listen i'm 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. 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 you're in beijing looking out the pacific ocean you'd see american warships when myth was that somehow time is aiming to replace america and go around the world college chinese are not that stupid these guys want to dominate
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a huge chunk of the planet this sounds like a preparation for our 1st president george washington 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 doesn't i will that's what this job. 0. 00 am fully back to bill in doha this is the news hour on al-jazeera 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. polls close in tunisia but only
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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 i'm maryam namazie 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 boris johnson's 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 world's largest oil processing plant in saudi arabia yemen's hoofy rebels said they were
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responsible for saturday's explosions which knocked out more than half of the kingdom's 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 if confirmed it's 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 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 failed to even spot the drones. the us secretary of state blames iran for saturday's attacks might pompei says there's no evidence they were launched from yemen although he hasn't explained how iran is to blame or where the drones took off from iran is dismissing
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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 won't end disaster the state owned oil company saudi aramco 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 says stockpiles of oil will be used to offset the loss of production but oil markets haven't seen a shutdown on this scale since iraqi troops invaded kuwait to start the 1st gulf war in 1990 and it's not clear how long repairs will take analysts say saudi arabia's oil infrastructure remains vulnerable to more attacks which the who thiis
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are threatening now as targets because there are so many of them and in terms of pipelines their side difficult to defend it's 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 in a ram co's 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 don't think it will affect the i.p.o. of course the global supply of 10 percent of the global supply come from and what the global economy and the global source of energy so the world won't accept the street. with no saying so that if you want all of. the attacks which have cut 6 percent of the world's oil supply could drive up prices the impact will depend on how quickly the saudis can restore full production victoria gate and be al jazeera
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. iran's president hassan rouhani 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 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 commented on the latest accusations made by the us government that iran was involved in the attacks in saudi arabia has on iran he said that the united states 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 is supplying arms to saudi arabia and the emirates he led coalition that is waging this war in yemen he urged all parties that the way to
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resolve this conflict and have some kind of stability in this region is suits for dialogue there were said over and over again that they're willing to mediate between all the parties involved to bring some kind of an end to this conflict iranian president hassan rouhani 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 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 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 i'm not a christian salumi in washington d.c. for us christian the u.s.
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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 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 there's been a flurry of phone calls between government officials national security officials and other countries a response to what's happening so we may hear more about that in the coming days for the united states this is not just an attack on one of its closest allies in the region but it's also. an attack in the words of my pump a 0 on the world's largest oil supplier and further provocation in tense relationship between iran and the united states a tense relationship that's been in place ever since the united states decided to withdraw from the nuclear deal with iran and other countries since then the
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trump administration has been engaged in what it calls a maximum pressure campaign 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 this is seen as something that could further escalate the situation driving up oil prices taking a toll on global markets and perhaps the global economy kellyanne conway is a white house counselor and she was speaking on some talk shows here in the united states earlier today and she said that the united states 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 we'll look at the impact on the global oil market 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
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military 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 advisor john bolton who has since been forced out of the administration by president trump president trump 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 he even held out the prospects of a face to face meeting with president hassan rouhani coming up at the u.n. general assembly later 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 kellyanne conway was
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asked about the possibility of a meeting in the possibility of retaliatory strikes she said that she didn't 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 we'll see what the president decides later thank you very much for that christine salumi lifeforce in washington or let's now speak to peter cardio who was chief market economist at spartan capital 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 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
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$65.00 but i don't 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 it's going to be short lived now that doesn't mean that you know negates the geo political problem that we have in that part of the world absolutely not and that's 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 is doing right how much do you
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think this destruction is costing saudi arabia right now oh it's going to cost them a lot of money certainly a lot of revenue and i don't 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 they're 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. you're still looking at a hefty loss you know that means.

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