electric hybrid trucks. this is business. welcome iran's withdrawal from its commitments in the twenty fifty nuclear deal is putting the price of crude oil under up with pressure while iran's allies try to keep the nuclear deal afloat tighter u.s. sanctions on iranian oil exports have many countries worried about supplies iran's major or customers like india and china are already saying we will even all the sanctions. president hassan rouhani has responded to u.s. sanctions by threatening to resume its nuclear enrichment program if a new deal isn't reached terrine also threaten to close the strait of hormuz a clear threat to global oil supplies twenty percent of the world's oil passes through the narrow channel the u.s. has deployed an aircraft carrier strike group to the middle east that's a strong message tensions are rising and jangling nerves on the oil market normally fears about the global economy during the rab between the u.s. and china would signal weak demand and drive prices down but u.s.

sanctions on iran are tightening oil supplies and in coming weeks this is expected to drive prices higher analysts iran's threat to close off the hormuz strays as a kneejerk reaction and believe it's unlikely to happen but the tensions come in a difficult time for the global economy. and america's punitive measures are taking their toll on iran's economy the currency is at record lows inflation has quadrupled and investors are running scared other trade related pitfalls could also lie ahead china around because the world customer has threatened to ignore u.s. sanctions because terrorism is a key ally in its belt and road infrastructure project. joined by helen my investment research analyst at the share center in london a welcome to the show china actually says iran is a part of our belts road initiative we don't change anything india and turkey have made several or noises how effective are the u.s. sanctions if big asian economies ignore them completely well i think you know

it's all well and good what china said that they will try and ignore these sanctions but what we have to look at is what actually happened with the iranian oil exports to china and since the beginning of last year exports have fallen so to a certain extent the chinese the the turkish the japanese all of those have reduced their rein in exports. all of this to seems as if the u.s. sanctions are are having an effect. i think going forward you've got to really look at what the asian economies and along with russia what they can do in terms of maybe implementing a similar mechanism mechanism as london berlin and. paris have in regards to the instep in texas. policy or operation there oh your problem there is the iranians are very frustrated that. although it's been set up it isn't

actually running it's not operational you know frustrations with iran is mounting and you just wonder whether the chinese and the russians another asian countries can implement something similar from their side. just only briefly interrupt you there. on a general level how important is iranian oil for asia. over very important as you mentioned in your report earlier iran you know trying to import a huge amount of oil from iran as does india as as does japan and with with the you know it's of a particular quality heavy crude which you know isn't really produced in many other countries around the world venezuela does produce heavy crude but we know the issues in venezuela and where production has gone down significantly. you know but alleviating factors may come from a fact about us the russians do produce a lot of heavy crude and that could replace some of the lost be ready to ring in

production but also you know it the view is that the u.s. and saudi arabia could easily pop up production and mitigate any lost all production that you know india china and the others may may forego elmire from the share center in london thank you very much for joining us united states and china have been trying to negotiate a fresh trade deal for months spots from very different positions the american economy continues to defy expectations with strong employment and consumer demand in china economic signals often be taken with a pinch of salt but fresh figures suggest exports have unexpectedly fallen. particularly hard hit to exports to the u.s. in april these fell by fifteen point seven percent for months china and the u.s. have been slapping each other with tariffs so far talks have failed to resolve the

conflict on twitter president donald trump expressed his frustration threatening to hike tariffs on two hundred billion dollars worth of chinese goods from ten percent to twenty five percent this friday beijing says it wants to continue negotiations in washington this week that should also be in washington's interest u.s. exports to china have also fallen by more than thirty percent compared to the same month last year. let's bring in our financial correspondent in frankfurt called how have the markets been taking those new figures. well you had of course this data confirms how much of a dent the trade war between the americans and china already has made in chinese exports and economists here predict that if donald trump really proceeds with his plan to increase those imports terrorist on chinese goods this would you know.

cost another two to three percent of the chinese export growth so of course this has fueled the speculation and the nervousness here on the trading floors about what to expect from those trade negotiations which are planned to continue tomorrow and friday in washington adding to all this are reports that really the drafting of the day agreement between the u.s. and china has faced obstacles recently the news agency reuters reports that last friday the chinese sent a diplomatic cable to washington where large parts of the concessions that the chinese had made before to the americans were missing or simply raised if this really is true it's really not an encouraging sign for what to expect from those negotiations and from the outcome there of that scores going to come a boost frankfurt's thank you. while overall exports in

china may be lowered china's government says it's private companies i exporting more goods than ever pictures like these from chinese state television show an upbeat private sector statistics released by china's customs of ministration said private companies exports were up eleven percent year on year for the first four months of twenty nine t. it said this high profile a means private companies were a major driver of the foreign country's foreign trade. and now to some of the other business stories making headlines around the world shares in the german engineering congo armored siemens have jumped after the group of boarded steady profits in the second quarter the results follow its announcement that it will spin off its power and gas units for mccall division a division has come on the increasing pressure in recent years as many companies move to renewable energy like wind and solar gas or unit is the company's least lucrative siemens plans to focus on digital industries and smart infrastructure as

well as its health and mobility its. germany's geographical location smack bang in the middle of europe means that intra european commercial traffic is crisscrossing the country day and not so noisy diesel guzzling trucks tend to dominate the country's outer bonds and that numbers are increasing now germany has opened its first electric highway for hybrid trucks testing the technology on both sides of a five kilometer stretch south of france. for andreas pettersen electric trucks are nothing new he works for the swedish manufacturer scania which has been developing in building electric trucks for a number of years this new model gets its power from overhead contract lines using a pantograph. the silence they say the freds. when you turn off the internal combustion engine and go electric. you still have

a little noise from the tires of course but you have no way brazen and no sign sound from the days of that. there are five kilometers of overhead contact lines in each direction on mr x. of the our robot with tests on the way in northern and southern germany. this is standardized the highway they bought it is the same all over the height is the same so this truck can also go on the street row and they can also go on the road saying . about it oh well connected to the overhead lines of trucks battery charges so it needs much less battery volume than a purely battery trip in each truck. the battery is physical sizes from here to here and about sixty centimeters deep the rest of the box is cooling and power electronics to keep the battery cool or warm depending on the weather outside in a few weeks find logistics companies will start delivering goods via the highway

the overhead line will save companies time. to move to the end but here i have the possibility to load the view and during operation i can make my delivery my pickup drive back to the loading location and can load again at the same time basically if you do it right the battery is never empty and you never need to plug in the vehicles battery or refuel diesel between trips like i need to that's a huge advantage the nation is just full until today. this is real important electro trucks running off the overhead contact lines are quiet and environmentally friendly but they're only one element in finding alternatives to fossil fuel. foma employees of grounded ally and jet airways are calling for a state backed solution for the embattled company the indian budget allan's twenty two thousand workers were laid off in april after it said its debts where so it says if it could no longer pay its fuel bits that alway's now owes more than

a billion dollars stop on the state bank of india step in with a two hundred million dollars bridging loan to get the alan back up into the. night. and that's it for me and the business as a team here in berlin for both business news and features you can always visit the dot com slash business and to follow us on facebook. and now with a quick check on global markets stay with the. news is up next in the fortune.

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my great granddaughter. what made the world be like in your lifetime and around half a century. when i was born there were three people you will share the planet with nine billion. your world be around two degrees more. evidently sea levels rise by at least one meter in this century. we're going to have some climate impacts which are greater than what we see already. it's really frightening. why aren't people more concerned. shorts may thirty first on

g.w. . this is the debris nears life from. its partial withdrawal from mach twenty fifteen deal president rouhani says it will stop acting on some of its commitments and sets a sixty day deadline for new terms to be a great move comes amid mounting tension with the united states also on the program south africa.