tracy alloway spoke to the uae energy minister in abu dhabi. .have been there before, and i think opec had been resilient to deal with many of those issues in the past. some of the member capacity, they have that can be used with production. -- with reduction. anna: joining us in london, stephen isaacs. stephen, a very good morning to you. let's talk about oil. oil whenoncerned about we see the trump administration move away from the around deal -- from the iran deal? >> i was listening on the radio this morning when you are hearing the $100 a barrel calls. it makes you worried. first of all, what happened with iran last week was hardly new news. it was highly anticipated. he said it would be a campaign promise. . think that is built into it more importantly, opec was working on the quotas. they are very difficult to negotiate. so it will be the easiest ring in the world for them to relax those quotas -- it will be the easiest thing in the world for them to relax those quotas. they don't even rely on changing the quotas. anna: you don't believe $

tom: tracy alloway from the united arab emirates.ek on the road, "bloomberg technology." look for an update on all in technology in boston this week. 5:00 p.m. wall street time. coming up, loretta mester of the cleveland fed will talk about military -- about monetary policy and politics folding into economics. stay with us from paris, from new york. this is bloomberg. -- stay with us. from paris, from new york, this is bloomberg. ♪ tom: good monday morning to all of you. francine lacqua in paris. i'm tom keene in new york. lots going on on an international basis today. we'll talk zte and china, particularly in the next hour with kevin crir ilie in washington. right now we go to jerusalem. bloomberg bureau chief for jerusalem, michael arnold, joins us this morning. michael, your title is of the palestinian territories as well. how will the palestine territories respond to mr. kushner, mrs. kushner, and others moving the embassy and celebrating it today in jerusalem? michael: well, they're already responding as we speak. there are prot

that was the uae energy minister speaking to bloomberg's tracy alloway.news wherever you are, we have teamed up with twitter to launch tictock by bloomberg. it is the first global news network design for social media, offering hourly updated news reports, verified by us. they sure you follow tictock. ♪ haidi: i am haidi lun in sydney. betty: i am betty liu. you are watching daybreak australia. jack dorsey, snoop dogg among the thousands of -- is he a rap legend? thousands of enthusiasts meeting in new york, hoping to pitch blockchain as a solution for everything from inefficient financial transactions to global poverty and debate that run until the weekend. it is being called blockchain week here in new york. it has got everything from rap concerts to the first ever block chain jobs fair if you want to get a piece of that action. thatt to pull up a chart shows you how popular this has become. look at that, 7000 attendees are expected. just three years ago almost 625 people attended these. haidi: even though we have had cryptocurrencies, bitcoin down 50% f

exclusively to tracy alloway in upper darby. -- in upper darby -- in abu dhabi. >> there's a lot of uncertainty think that's more reflected as well as what is happening in venezuela. has bp been buying iranian oil? >> a couple years ago we did. >> but nothing since then. you got knocked a little bit by the market. do you think that was fair? clear in aen really capital framework with lots of discipline. 15 to $17 billion a year. you can do a lot more with a capital today because cost of come down. commissioned more projects than in the history of bp. i think it's all about discipline and care. we have had our own special circumstances coming out of the gulf of mexico accident that we are still working through. >> given the focus on fiscal discipline, would you consider may be rethinking our interests that you have expressed in some of the crimean basin assets that are coming up for bid? far as i know, there are 60 companies involved in that but there are lots of good opportunities around the world. prices madeer oil it easier or harder for you when it comes to these sorts of acquisitions? not r