should the straits of hormuz be which i think i mean they are strategic strait and shipping does go through the straits of hormuz but we have been if you remember we have been here before with this one back in the days of the iraq war in the 1980 s. the iranians harassed shipping and were very volatile shipping going through the straits of hormuz maybe to deploy to protect the ships and. the world carried on yes people had to make adjustments that were commercial impact it was commercial impact only on on shipping but. the iranians were not able in those in that particular case to close off the straits of hormuz and there's no reason why they should be able to this time want to since they know it has been considerate again since there's some young lady who will less able to deploy and provide protection in perhaps a way that the way they did back in i think it was in the private sector want to go i think they've made huge advances mainly as a result of the somali piracy problem in the indian ocean the commercial sector has got used to taking. protective measures so protective measures inclu

parliament has put forward of build to extract a toll from foreign ships passing through the strait of hormuz that's close to where the world tankers were attacked and incident washington of course blames on iran to get some more perspective on this i'm joined live by journalist aslan a visiting scholar from the center for middle east through studies thanks for joining us so good to have in the program today. this legislation potentially iran is considering putting on the toll for ships passing through the strait of hormuz is this terrans is trying to make the most out of a bad situation i mean how do you see potential developments there. thank you for having me on 1st but the issue which has been this cost in the iranian parliament has not been yet passed and i think that the more discussion of that be made on the issue and i think it is telling the others that the meaning iran is providing the security in the region you know lots of costs can be upon iran to do such a thing so but this is not the only place or whatever way that the iranians are using but the walled and the many countries ar

that were rescued on thursday they were rescued by the iranian navy that were patrolling the strait of hormuz in the gulf of oman in that area the iranian revolutionary guard we've heard that they say they are in command of the strait of hormuz the safety and security of the strait of hormuz is their responsibility so for something like this to happen it reflects poorly on them that they're adamant that they have nothing to do with this that they would never jeopardize their own territory or any means or gains and this is something that is being cooked up to make them look bad and of course many iranians also believe the same thing that this is something that's being painted to look like the rains are yet again behind something that they have categorically denied. all right for the moment in life there in tehran let's turn now to robin forsythia walker who is. at that meeting of the shanghai cooperation which where lee the iranian president has just been speaking and robin this is of course. a meeting a series of meetings that what is arranged weeks before so we we had been expecting to hear

and the strait of hormuz we know is a vital waterway for oil and other commodities that flows out of gulf countries to the wider markets what what could we see in terms of oil prices if that straight is if there is even long term disruption or this sort of continuous short term disruption. already seeing some impact here commercially if you can serve insurance across the floor and of course going to impact the whole process should the straits of hormuz be spirited i mean they are teaching straight and shipping don't go through the straits of hormuz but we have been if you remember we have been here before with this one back in the days of the iran iraq war in the 1980 s. the iranians harassed shipping. and were very volatile shipping going through the straits of hormuz maybe if we deployed to protect the ships and. the world carried on yes people had to make adjustments there were commercial imperatives commercial impact only on shipping but. the iranians were not able nosed in that particular case to close off the straits of hormuz and there's no reason why they should be able to de

4% on thursday, after explosions damaged two tankers off the coast of iran, as they left the strait of hormuz. us secretary of state mike pompeo has called them the latest in a series of attacks by iran, which has denied all involvement. washington has also blamed tehran for attacks on four tankers last month in the same area, all of which it denies. the strait of hormuz links middle eastern oil producers to markets in europe, asia and north america. at its narrowest point, the gap separating iran and oman isjust 21 miles. there are only two shipping lanes, each just two miles wide. more than 17 million barrels per day pass through the strait, according to the latest figures. that is almost 40% of all global oil shipments by tanker, and nearly a fifth of the world's oil supply. it has also been the main export route for iranian oil, worth $66 billion in 2017. that was until president trump tightened sanctions on iran, and cracked down on countries buying its oil. iran's president rouhani has hinted that oil shipments through the strait of hormuz could be disrupted if the united states tries t

potentially posing a threat to global crude supplies the incident that occurred was near the strait of hormuz and that's the world's most sensitive oil production choice put chokepoint which roughly 35 percent of the world seaborne crude oil passes the strait of hormuz links golf of all mon and the persian gulf separating oman from its eastern neighbor iran and now although the strait of hormuz is deep enough to handle the biggest tankers out there distrait is only about 21 miles wide at its narrowest point and one of the scenarios it's in floated here as you know a concern is that since it is a choke point that there. has been a ledge may seek to close. is that even feasible once any of the current u.s. naval presence in the region would make it extremely difficult for iran to choke off traffic in the strait of hormuz but iran has this treaty to depths to stage one offs attacks in vessels which would be enough to destroy the world or all the world oil markets but regarding today's attacks iran the headliner hardliners particularly there were guards are normally a lot smarter than internation

and in berlin welcome we start with the latest escalations in the strait of hormuz where 2 oil tankers were attacked earlier on thursday or oil prices spiked in the aftermath with brant crude hitting over $62.00 a barrel immediately after news of the incident broke the strait of hormuz as one of the world's most strategically important choke points along the coast of iran almost a 3rd of all liquefied natural gas and almost 20 percent of global oil production has to squeeze through here to exit the persian gulf and get out into the world. our markets correspondent joins us now good to see the what's been the reaction there to these attacks on wall street. initially we saw the oil prices popping by about 3 and a half per cent but then by the end of the session we settled at around. upside of 2 percent and that after oil prices dropped by 20 percent in the month in may so at this point actually demand seemed to be the bigger issue then so we had a new outlook from opec saying that might be limited this year due to the trade tensions and maybe some weaker economic growth and therefore les

that shook oil markets this stay we're talking about the attack on to oil tankers close to the strait of hormuz one of them allegedly hit by a took paedo the brant crude prize has been volatile since the attack hitting over $62.00 a barrel immediately after the news broke the strait of hormuz is one of the world's most strategically important choke points along the coast of iran almost a 3rd of all liquefied natural gas and almost 20 percent of global oil production has to squeeze through here to escape the persian gulf and get out into the well it's. well for more on the impact there on all markets so we're joined by our financial market correspondent in frankfurt only what's this latest incident mean for the oil market. i think it's too early to tell what it means in the medium term in the long term talked to an analyst and he says the immediate reaction and today was partly also a result of oil going down so so much in the past days and he says that if this continues of let's say there's an escalation if there should be firm evidence that iran was behind the attacks in the us should react pe

i want to jones welcome to do business asia and we start with the latest escalations in the strait of hormuz swear to oil tankers were attacked earlier today one of them allegedly hit by a torpedo the brant crude price has been volatile since the attack hitting over $62.00 a barrel immediately often use of that attack emerged the strait of hormuz this one of the world's most strategically important choke points along the coast of iran almost a 3rd of all liquefied natural gas and almost 20 percent of global oil production has to squeeze through here to escape the persian gulf and get out into the well it's. all for more on the impact there on all ma kid so we're joined by early bazza financial market correspondent in frankfurt only what's this latest incident mean for the oil market i think it's early to tell what it means a in the medium term and the long term.

that international coalition in terms of protecting shipping lanes in the persian gulf and the strait of hormuz. i caught up with brian hook over the weekend, he suggested the possibility of this. what kind of conversation are you anticipating when you come to the g20 on this specifically? will we see monetary contribution can we expect to see their ships in the persian gulf? >> will be discussions this is an important issue not just to the region but to the world and to china where they depend on energy. the u.s. is a large exporter of energy now we will continue to show leadership in the region we have a lot of assets in the region i'm meeting the admiral of the fifth fleet this afternoon based in bahrain the u.s. has been a leader and will continue to be a leader as the president said, we'll balance our interests and the rest of the world has to be part of this >> at the end of the day that's trillions of dollars of u.s. tax money going to work to support the fifth fleet, and their job is to keep these straits open and the strait of hormuz open. is this the point where we need the cooperatio

well, i think any threat to shipping in the region of the straits of hormuz is going to cause a pretty heightened reaction. of oil exports/3 flowing through the streets of hormuz. there was also a net -- through the straits of hormuz. there was another incident there a month ago. really come all of the chokepoint around the arabian peninsula have been called into question recently. vonnie: how is this impacting the company's in your coverage universe, jason? will there be a prolonged impact, or is there just a bounce from crude itself? jason: crude has been extremely volatile. it was down yesterday significant as a result of inventory data. we are seeing a recovery as a result of these supply concerns. that is what we are facing right now, very much a tug-of-war between potential demand weakness and all of these supply constraints. also venezuelan and iranian exports. companies are focused on keeping the cost of their business down so that it breaks even at $50 a barrel, so i think they will stay the course. tina, should we be talking about or making comparisons to the tanker wars of t

just as collations at the strait of hormuz where to oil tankers were attacked earlier today one of them allegedly hit by a top pedo the brant crude price has been volatile since the attack hitting over 62 dollars a barrel immediately often use of that attack emerged the strait of hormuz is one of the world's most strategically important choke points along the coast of iran almost a 3rd of all liquefied natural gas and almost 20 percent of global oil production has to squeeze through here to escape the persian gulf and get out into the well it's. often more on the impact there on all markets so. it's a financial market correspondent in frankfurt only what's.

owned also radioed for help both ships had departed from saudi arabia and had passed through the strait of hormuz as a strategically important waterway which carries a 5th of all global oil supplies iran has rejected the u.s. accusations and says its navy came to the aid of one of the ships iranian state t.v. broadcast images of the rescued crew members iran's foreign minister said the incidents were suspicious. and leaders from around the world expressed. facts must be established and responsibilities gratified. and they flew something the world cannot afford is a major confrontation in the gulf region russia cautioned against rushing to blame iran. we've recently witnessed an escalation campaign of political psychological and military pressure on iran. against speculating about the events that have just occurred to aggravating the situation in an anti iranian sense. conclusion is just weeks since the us blamed iran for a series of attacks on 4 other ships in the region thanks to all details have yet to be released iran has also rejected those accusations let's get more now we're joined here in

pales comments were very very dissatisfied with what has happened earlier on thursday in the strait of hormuz if nothing else was known at this point it just wretch's up the pressure even more we know that tensions are high in the gulf already and this just kind of adds fuel to the fire from the perspective of the likes of the u.s. and israel who say that iran is the you know the source of all the oil in the region almost. it does zoom this tension there had seen to have been a bit of ebbing in the tension between washington and tehran certainly there was the concern that perhaps japan in its efforts to act as an interlocutor between the 2 capitals perhaps might have misstepped because of its own commitment to trying to import iranian oil but certainly there is this sense once again that the tensions and that the potential for some sort of conflict between the u.s. and iran has somehow increased that does not mean however that here in washington that there is any real sense of a need to engage militarily against iran and we have seen a bipartisan concern about these tensions in recent weeks a

owned also radioed for help both ships had departed from saudi arabia and had passed through the strait of hormuz a strategically important waterway which carries a 5th of all global oil supplies. that iran has rejected the u.s. accusations and says its navy came to the age of one of the ships iranian state t.v. broadcast images of the rescued crew members iran's foreign minister said the incidents were suspicious. leaders from around the world expressed alarm. facts must be established and responsibilities clarified and they've that is something the world cannot afford is a major confrontation in the gulf region. because of this it's no design and it's necessary to get reliable information in order to make an assessment of the events or the opposite of what we need right now in the already tense situation in the region. it's just weeks since the us blamed iran for a series of attacks on 4 other ships in the same region the full details had yet to be released iran has also rejected those accusations. let's get more now we're joined here in the studio by don burke from the german institute for int

us that the world should prepare for an armed conflict between the united states and iran the strait of hormuz is crucial to the flow of middle east oil exports therefore a strategic position for iran to attack let's have a listen it's simply it's the energy region off the plate of the planet some of the biggest oil and gas supporters. in the persian gulf among them saudi arabia kuwait qatar as a gas exporter and the straits of hormuz is is quite a narrow narrow place and the iranians by using them put mines by using all these small means top and so on would be able to prevent many ships from passing through and that is that is why these events are so dangerous and if this goes on as it has been going on for 2 months now we will see a military escalation before the end of the ministrations. and that was get us steinberg from the german institute for international and security affairs speaking with earlier today the world health organization is to hold an emergency meeting in geneva later to determine whether the latest outbreak of a. wallace should be deemed a global health emergency the disea

story the tanker explosions in the gulf of oman and now any incident in the region impacts the straits of hormuz shipping channel that can have knock on effects on the supply and the price of oil globally around $1.00 3rd of all traded by sea passes through the strait that's 20 percent of the total traded worldwide the sea route is used by major producers such as saudi arabia the u.a.e. . and kuwait exporting mainly to the asian markets is also used by cattle the world's biggest liquefied natural gas producer use of thursday's attacks on the price of oil jumped by around 4 percent let's talk now to robert scott he joins us from north potomac in maryland he's a senior international communist at the economic policy institute robert good to talk to you again so correct me if i'm wrong here this means a short term positive atmosphere with the potential for big negative economic consequences further down the line and that's right we've seen oil prices jump and that has in turn been good for oil producers of shale oil producers have seen their share prices rise and the overall stock market the united

whole damage but is not in danger of sinking both when the gulf of oman the entrance to the strait of hormuz where much of the world's energy supplies are shipped through every day. the initial report was all time cast sailing from the straits of hormuz to asia came under attack after that apparently another boat was attacked as all ship tried to maneuver but 3 hours later it was attacked again it became too dangerous to stay on the tanka so our crew members abandoned it using a lifeboat. with iranian and american ships responded to the tankers distress calls sent within an hour of each other on thursday morning each rescuing crew members who'd abandoned ship. japan's prime minister happened to be meeting with iran's supreme leader in tehran trying to reduce tensions with the united states the iranians say the timing is certainly suspicious rather than coincidental knowledge of it must so it is today the issue of security has a special importance author in the states of region of the persian gulf the middle east and all around the world and we have been making if it's to protect the pace and

much of the world's energy supplies are shipped through the strait of hormuz every day. >> the report our tanker sailing from the strait of hormuz to asia came under attack. apparently another boat was attacked, so our ship tried to maneuver. three hours later, it was attacked again, so our crewmembers abandoned it using lifeboats. >> iranian and american ships responded to the distress calls, sent within one hour of each other thursday morning, each risking crew members who had abandon ship. japan's prime minister happen to be meeting into ron, trying -- tehran, trying to reduce tensions with the u.s. the iranian say it is suspicious, rather than coincidental. >> today the issue of security has special importance in the persian gulf or and around the gulf or and around the world, and we have been making efforts to protect peace and security of the region. over the last few years, we have proven we care about the security of our neighbors and other countries. the united nations and other countries have condemned the attacks and call for an investigation. be established and responsibil

registered passenger jets from passing through iranian controlled parts of the gulf of oman and the strait of hormuz other carriers are also taking action. a global hawk drone like this one has a wing span greater than a boeing 737 after one was downed over the strait of hormuz the u.s. federal aviation administration began to fear an actual commercial jetliner could be next the f.a.a. says the nearest civil aircraft was around 80 kilometers away when the strike happened in the busy section of sky he clearly thinks that's too close for comfort and is banned u.s. registered planes from flying over rainy administered waters in the persian gulf and go for them on warning they could be mistakenly attacked that warning has been heeded by other carriers around the world malaysia airlines is rerouting flights that would normally pass through the area including its service between london and kuala lumpur. other airlines feeling sufficiently alarmed to follow suit c. includes germany's loved australia's quantas k l m of the netherlands and british airways they all say they'll divert around the area effecting

crude oil prices continue to rise on fears for global oil supplies — as tensions escalate in the strait of hormuzweek of rising geopolitical tensions. with trade high on the agenda the us has been pressuring japan to speed up progress towards a bilateral trade deal. and let‘s not forget trump is threatening sanctions on germany over its russian gas pipeline, opening a new front in the trade war with the kremlin. those and other stories have been keeping our economics correspondent andrew walker busy and hejoins us now. the us ambassador has been talking to the japan times today and talked about trump‘s frustration here. what does he want and when does he want it? now! now! august would do, that‘s been the data suggested. he wa nts a that‘s been the data suggested. he wants a bilateral trade agreement to remove a lot of barriers to trade between the two countries. america has a particular interest in the japanese car and agriculture markets. with cars, japan actually doesn‘t impose any tariffs at all on imports. the concern that the american industry has is what they call nontariff barriers, so th

were talking about air france and klm that they had some safety concerns about flying over the strait of hormuznd the gulf of oman lufthansa is saying that our planes have been avoiding the strait of hormuz since june 20th, and they have expanded the non-flight zone regarding iran as of today. they say that the non-flight zone does not affect the whole of iran. it's still serving routes to tehran via its flights this is the second airline that we hear from today in europe saying they are rerouting and have not been flying over the strait of hormuz that's one thing to watch out for. >>> eu leaders are currently locked in a roundtable session giuseppe conte said he will discuss eu debt disciplinary procedures with jean-claude juncker today. willem joins us live from brussels so much going on the question i want to ask you, have italy made progress at all in convincing the europeans in the to go down this path of an edp or a disciplinary procedure when it comes to their public finances >> not long before giuseppe county arrived here yesterday, he said a letter to the office of the commission presi

i want to say with that last topic on the strait of hormuz, with the gulf oman and the strait of hormuzthis week it appears two oil takers were attacked, and it appears iran is becoming more and more desperate. though it was a little over a year ago that the president withdrew from the iran deal. so it seems that iran is now really fighting back because it's suffering economically. we are strangling their economy. what would be the reason a year later to do this. >> they are trying to change the course. iran leadership has their own problems back home. they had an uprising of their youth because there commission in a spin. one third all natural gas comes around that corner. also about 20% of the world's oil comes around there. at the narrowest point it's only 21 miles. we saw two other tankers get bogged. that's because of the trillions of dollars the obama administration gave to iran they funded terrorism in syria and the houthis in saudi arabia. they are lashing out because the president has gotten tough on them and rightfully so. this is a place where we should see change and it's a

drone has been shot down over the straits of hormuz outside of the persian gulf.nsibility the iranian revolutionary guard says the drone was shot down after it entered iranian airspace the u.s. says the drone was plying in international airspace the u.s. calling this an unprovoked attack. oil prices are higher, up 2.5% overseas we will continue to monitor this story. futures, they're shrugging it off or maybe oil's pop is helping futures. energy stocks are not a big part of the market but they are a part of the market we are seeing dow futures up 237. s&p 500 futures are off exactly the same amount right now -- up, rather, where they would be needed to hit a new all-time high should be an interesting day forfo the equity markets today it's been interesting for bonds. the yield on the ten-year note at exactly 2% right now. a couple hours ago it was down to 1.97%, under 2% the lowest level since president trump was elected in november of 2016 joining us now to talk about this, the markets, everything else, tim seymour. also joining us is silvia jablonski. you sat do

in the gulf region 2 oil tankers have reportedly been attacked in the gulf of oman near the strait of hormuz but a crews of both vessels have been evacuated there's a report that one of the tankers has sunk but its owner says it hasn't now the alleged. attacks come at a time when tensions between the u.s. and iran are running high. to oil tankers in the gulf of oman damaged under mysterious circumstances their crews forced to evacuate it's an incident reminiscent of the widely criticised sabotage attacks of last month. the norwegian operated front altera carrying a highly flammable petroleum product and the panama flag cuckoo cuckoo courageous carrying methanol were both allegedly targeted in iranian waters near the strategic strait of hormuz a conduit for a 5th of all global oil consumption iranian news outlets say local search and rescue teams have picked up 44 sailors from the front altera before it sank in the gulf of oman but the vessels norwegian owner says the tanker remains afloat confusion about the situation prevails and norwegian authorities have called on its ships in the region

partial closure or an increase in hostilities, where merchant vessels are actively targeted in the straits of hormuzith some of the other incidents that are going on in the red sea, as well, with tensions off yemen. tensions may be rising, and president trump in a statement says that iran made a big mistake in shooting down a us drone, but it seems like he also decreased tensions by saying that this shooting down was not intentional. tensions by saying that this shooting down was not intentionallj shooting down was not intentional.” ama shooting down was not intentional.” am a marinerat shooting down was not intentional.” am a mariner at heart, so i don't really deal with drones, but i know from a shipping standpoint it is of grave concern to us. from a shipping standpoint it is of grave concern to us. i spent many yea rs grave concern to us. i spent many years navigating those waters, i still have friends who are currently navigating them, so it is something that we are closely watching, and we are hoping that cooler heads come to play. and with this worst-case scenario, could we see oil prices bey

drone near the strait of hormuz. but trump leaves himself some options, questioning iran's true intentions. congressional leaders have been briefed and the question tonight on either end of pennsylvania avenue, if and when the u.s. retaliates. also, house judiciary's transcript of hope hicks, the 155 unanswered questions and the ones she did answer and how she broke from the boss. the 11th hour on a thursday night begins now. >>> good evening, once again from our nbc news headquarters here in new york, i'm ali velshi in for brian williams. tensions in the middle east have reached a new height after iran shot down an american unmanned surveillance drone in the gulf of oman, adjacent to the strait of hormuz last night. the united states says the drone was shot down in international airspace. that's the dot on the left of your screen. iran claims it was shot down over iranian territorial waters. the difference wouldn't be big. both countries agree it was shot down, and general agreement about where. the distinction may

is saying this drone was shot down in international air space somewhere in the strait of hormuz. here south of the strait of hormuz. the iranians coming out with a pretty angry statement after the incident took place. the drone was shot down by iran's elite revolutionary guard corps. the head came out and said unequivocally that the shooting down of the drone is a clear message to the united states that the iranians will not violate its air space or its air space getting violated by anyone that they say their air space is, quote, a red line. all of this comes as tensions between the iranians and u.s. are continuing to simmer that took place with the u.s. blaming iran for that incident. the iranians say unequivocally it wasn't them. right now they're continuing to say, like the u.s. is saying, they don't want this to escalate any further. they don't want this to turn into some shooting war. the head of the revolutionary guard said if it does come to that, the iranians are prepared. >>> authorities in the dominican republic said the recent shooting of david ortiz was a case of mista

meant to be in retaliation for tehran downing a pentagon surveillance drone over the gulf region strait of hormuz the u.s. president will however put fresh sanctions on tehran some of them slowly and some quote very rapidly. they came in they said sure we're ready to go we'd like a decision i said i want to know something before you go how many people will be killed. in this case arena and they said came back said sure approximately 150 and i thought about it for a 2nd i said you know what they shot down an unmanned. drone and here we are sitting with 150 dead people and i didn't like it. the council strike is the closest the u.s. has been to direct confrontation with iran says the white house pulled out of the nuclear deal last year round said the u.s. drone is flown into its airspace washington insists it was operating over international waters this month or she did also blame tehran for attacking 2 oil tankers in the strait of hormuz around denies the accusation stating washington stage the attack the u.s. has also been sending carriers and warplanes to the persian gulf and it's imposed crippl

official tells nbc a navy drone has been shot down over the strait of hormuz >>> european equities hit a six-week high after the fed signals potential rate cuts this year as jerome powell flags concerns about the health of the u.s. economy >> in light of increased uncertainties and unit inflation pressures the committee will monitor the information and act as appropriate to sustain the expansion. >>> the bank of japan also holds fire echoing the fed in warning of rising risks to the outlook while attention turns to the bank of england and whether they'll stick to their rate hike message. >>> delivery hero jumps to the top of the stoxx 600 after the berlin-based food business ups its full-year sales guidance >>> now i want to bring your attention right away to a developing story in the oil space. oil prices have jumped amid another escalation in tensions between washington and tehran. a u.s. official has told nbc news that an american military drone was shot down in international airspace over the strait of hormuz the device in question was an rq4 global hawk. a u.s. central command spo

we are seeing this attack around the strait of hormuz. es this mean the regional impact could be bigger because of the shipping lanes and how they could affect the movement of tankers now? >> i don't think there is a concern that the strait of hormuz would actually close, certainly not for any sustained period of time. there really is a concern about it being a tripwire in the sense that the u.s. could escalate in terms of how they respond to her could to iran and iran commit more attacks. that could lead to more attacks throughout the summer and that raises the level of tensions, but until the market sees a sustained impact, i don't think the market is going to ascribe full geopolitical risk to the price of oil. paul: what you think the chances are if this sort of thing carries on that we will return to the days of escorted tankers through the gulf as we saw in the 1980's during the iran-iraq that raise the risk of misunderstandings and potentially conflict? >> i think there will be more of these types of attacks and every time there is a

drone over the strait of hormuz and the u.s. iran's air space. they say it's sending a clear message to the united states. joining us now, former foreign policy advisor under margaret that questiothatchr, nile gardn. it's great having you on. the escalating provocations from iran, what are they trying to achieve here? >> i think that you'll see increasing -- they're trying to intimidate, trying to flex some muscle. this is a brutal dictatorship that acts often very recklessly. charles: who is their audience? what would be their end game with these increasing attacks? >> clearly, the united states is not going to be intimidated. this is a warning to america's allies in the region, especially the gulf states. certainly i think that iran's strategy is to try and divide the alliance that is confronting iran. iran is also i think -- the iranian regime is trying to stir up nationalist sentiment domestically against the united states. i think what you're seeing increasingly across the iranian cities, growing unrest, growing opposition t

as well and the countries that trade in there are going to be dramatically affected look the straits of hormuz as one of the most critical choke points of the world and as a consequence. really represents a real flashpoint should any crisis develop and iraq iran rather i think can sustain a lot of trouble a lot of damage just like they did during the iran iraq war and they're used to this they've been there and done that and i question of whether trump wants to go ahead and commit now i want to point out one other thing and that a is that during the $62.00 cuban missile crisis we actually had a plane a you to shut down a pilot killed but president kennedy then. was very restrained in not responding militarily i'm hoping that this could be the beginning of a calming down period. more a very apt historical precedent you're citing there michael and david there is within opec some internal drama as well iran obviously has been falling down the group's production rankings as u.s. sanctions have kicked in and exports of fallen by the 100000 barrels per day from 2500000 previously. also saudi arabia

at the straits of hormuz we will preserve its security and as long as the islamic republic's oil is exported the all of the others will be securely exported so if we decide to block the straits of hormuz we'll do it in a way that even a drop of oil won't pass the strait. so a side bomb as of target is a crowd watching a football match on television in northeastern nigeria killing at least 30 people to obama's decimated devices in the village of qana officials say at least 40 other people were injured. answer dongs protested as they're calling for more rallies as a tense standoff continues with the military jet into they want an investigation into the violent dispersant of the atherton demonstration in khartoum earlier this month well those are the headlines the news continues here after what. al-jazeera is swear every. minute joining in. rick you didn't. think. my name was levy may have levy's midlife. my name is it's a late. eighty's brown leg makes. it sound like a left wing. cry. maynooth is no neat and relaxed. flight fascists in the view north in command move how do you feel. you know i

drone over the strait of hormuz. rt of also up big because, one of the things, it is not up as much as people thought it would be or has been historically in part because of these massive stockpiles of oil we have in this country. >>> yet another american tourist died after a trip to the dominican republic. this time a woman from louisiana died in the hospital tuesday after spending a honeymoon there. she became the 11th american to die after visiting the dr fbi is sampling mini bar samples from the resort. >>> bloomberg will only move goods between warehouses not to ship them to homes, we might say yet. >>> shares of slack it is public, it is soaring on its first day of trading opening a 38.50 a share. it is now valued at about $23 billion. gerri willis on the floor of the new york stock exchange. gerri, it is going gang busters so far? reporter: unbelievable t was a very big deal here on the floor of the new york stock exchange today. in fact the party was so big it spilled out outside of the exchange and on to the

to his concern about the loss of life the attack comes after weeks of rising tensions in the strait of hormuz it's a pivotal choke point for global oil sales that sees major commerce shipped through daily the key point of escalation that the u.s. has cited for the a bird attack was the downing of an unmanned surveillance drone by iranian forces but wild world leaders from the e.u. russia china france the u.n. and the u.k. the vatican and germany have all urged restraint and voiced opposition to the plot the news still resonated elsewhere in the region in iraq and nation that is no stranger to u.s. actions the tax stalled a deal that was nation has struck with an oil giant exxon mobil to boost output in the recovering nation. according to a reuters exclusive the deal which is worth $53000000000.00 has been held back due to the move on iran and the heightened tensions in the area. the strait of hormuz is in focus as president trump called out the military strike against iran and now the market is reacting but if this trend continues what can we expect to see in the oil sector and what are the o

as long as no one causes problems for the security of the straits of hormuz we will preserve its security and as long as the islamic republic is exported the others will be securely. tied if we decide to block the streets of hormuz will do it in a way that even a drop of oil past the street. saudi state media says to have drones have been intercepted by air defenses one of them was reportedly targeting a residential area in saudi arabia's city earlier yemen's really rebels said they had targeted the airport with drones for the 5th time since last wednesday the who these have warned they'll continue attacking saudi airports and retaliation for the kingdom's actions inside yemen now suicide bombers have targeted a crowd watching a football match on television in northeastern nigeria killing at least 30 people 2 bombers detonated devices in the village of qana dugar and officials say at least 40 other people were injured and taken to nearby hospitals there's been no claim of responsibility sudan's protest leaders are calling for more rallies as a tense standoff continues with a military judg