crude over the eighty dollars mark now earlier i spoke to claudia ken fed from the german institute for economic research and with iran standing to lose access to the global oil market i asked her who stands to profit well of course those countries who export oil especially saudi arabia for example or the other opec countries especially because i had to cut in the previous month the oil exploration because our press was to go and now if the prices rising obviously being calm from oil exports will increase and those countries do benefit and how high do you think the oil price will go. that's very difficult to say because it's also a space speculation let's say that way because we don't know now we have a very high or a demand we have this geopolitical risk we still don't know what's ongoing in iran and the oil exploration there and here we see how high the fear is that the oil market will be under pressure in the future and this is why we see right now are climbing or prize and i think this will continue in the next month ok so let's let's just play it through let's say the all present goes above eighty o

more on that story i'm joined by fed and fish the who is the chief economist at the german institute for economic research good to have you with us and i said that investors heaved a sigh of relief because that market rally we saw earlier today has somewhat slowed down didn't last for long does this have anything to do with the new interim premier the former i.m.f. official well i guess there is a certain skepticism that could already can actually turn things to the better because the structural situation for policymakers in italy is not so easy these days i guess there is a lot of skepticism and even if he has six months maybe even more to to verg on a roof on reforms for the italian economy it is quite clear that in the next election results will be again populist parties with a majority which can in turn lead to the same problems which we seem to have overcome in the last few days so i guess this is just a very short period where we're broke it's can take some breath right i mean we're used to political upheaval in italy it's never really running smoothly for long there but this is a different story th

more on that story i'm joined by fed and fish the who is the chief economist at the german institute for economic research good to have you with us and i said that investors heaved a sigh of relief because that market rally we saw earlier today has somewhat slowed down didn't last for long does this have anything to do with the new interim premier the former i.m.f. official well i guess there is a certain skepticism that qatar really can actually turn things to the better because the structural situation for policymakers in italy is not so easy these days i guess there is a lot of skepticism and even if he has six months maybe more to to verge on a roof on reforms for the tell you an economy it is quite clear that in the next election results will be again populist parties with a majority which can in turn lead to the same problems which we seem to have overcome in the last few days so i guess this is just a very short period where we're brits can take some breath. right i mean we're used to political upheaval in italy it's never really running smoothly for long there but this is a different story this ti

the immediate impact of all this on oil prices and back to your comfort from the german institute for economic research good to have you with us so with iran standing to lose access to the global oil market prices are likely to go up again who stands to profit. well of course those countries who export oil especially saudi arabia for example or the other opec countries especially because they had to cut in the previous month the oil exploration because the price was too low and now if the prices rising obviously the income from oil exports will increase and those countries do benefit and how high do you think the oil price will go. that's very difficult to say because it's always been a spin spin speculation let's say that way because we don't know now we have a very high oil demand we have this geopolitical risk we still don't know what's ongoing in iran and the oil exploration there and here we see how high the fear is that the oil market will be under pressure in the future and this is why we see right now are climbing or prize and i think this will continue in the next month ok so let's let's just