former pentagon official michael monk maloof and analyst david mack joins us to drill into what this movie not just for the global oil market but also what this means for the state of geopolitics. plus with iran's oil exports in the crosshairs what is the plan to compensate the global oil market and in particular how oil behemoth saudi arabia will react r.t. correspondent alex mahela bitch breaks down what this all means for other oil providers. and later with the e.u. and china building more in-roads literally in the wake of the american trade war two musters may be interested to know just how much of the e.u. does china now own professor richard joins us to analyze the potential superpower on their way across the atlantic all of that directly ahead but first we have some headlines let's go. a budding bidding war in the energy sector leads our global report today as occidental petroleum makes an offer of four and a darko who had already been wooed by chevron and darko petroleum was already in fairly advanced talks with chevron for a sale at thirty three billion dollars occidental ha

of make of any financial companies and former pentagon official michael maloof. hey michael. so right now if this conflict continues to escalate iran have threatened to close the strait of hormones what are the geographical ramifications of such a move and what it actually need the cooperation of oman. the geo political ramifications would be almost instant overnight you would see a barrel of oil going up maybe five hundred to a thousand dollars because it would be cutting off something like thirty five percent of the of the oil that is. seaborne twenty percent of worldwide oil number one number two the instant disruption would probably have an impact on the oil exports for u.a.e. and saudi arabia which are the trump administration sought to fill the the absence of iranian oil with china and the other countries so it would the impact would be almost immediate i mean you're talking maybe five hundred to a thousand dollars a barrel conceivably that could occur not to mention the fact that we would that such a blockade and also the u.s. response and the threat itself and the san

former pentagon official michael monk maloof and analyst david mack joins us to drill into what this movie not just for the global oil market but also what this means for the state of geopolitics. plus with iran's oil exports in the crosshairs what is the plan to compensate the global oil market and in particular how oil became as saudi arabia will react r.t. correspondent alec mahela bitch breaks down what this all means for other oil providers. and later with the e.u. and china building more inroad literally in the wake of the american trade war two musters may be interested to know just how much of the e.u. does china now own professor richard wolf joins us to analyze the potential superpower under way across the atlantic all of that directly ahead but first we have some headlines let's go. a budding bidding war in the energy sector leads our global report today as occidental petroleum makes an offer of four and a darko who had already been wooed by chevron and a darko petroleum was already in fairly advanced talks with chevron for a sale at thirty three billion dollars occidental

former pentagon official michael monk maloof and analyst david mack benny joins us to drill into what this movie and not just for the global oil market but also what this means for the state of geopolitics. plus with iran oil's exports in the crosshairs what is the plan to compensate the global oil market and in particular how oil behemoth saudi arabia will react r.t. correspondent alex mchale of edge breaks down what this all means for other oil providers. and later with the e.u. and china building more in-roads literally in the wake of the american trade war musters may be interested to know just how much of the e.u. does china now own professor richard joins us to analyze the potential superpowers on their way across the atlantic all of that directly ahead but first we have some headlines let's go. a budding bidding war in the energy.