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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: Single best idea on a Monday and acquieter Monday with

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Speaker 2: healing markets, equities up nicely in Oil. A one oh

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Speaker 2: six Sunday evening pulls back a little bit at least

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Speaker 2: for now, a balance of power we'll have, of course,

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Speaker 2: the presidential follow on from the president's scheduled press conference.

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Speaker 2: At this moment, we try to drive a conversation forward.

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Speaker 2: We can do that with at least forty full time

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Speaker 2: people deployed for the most part across the European continent

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Speaker 2: and down to Dubai to give us updates on the

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Speaker 2: political economics in the economic politics of this war. At

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Speaker 2: the absolute heart and center of it is Jumana Bertecci

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Speaker 2: driving horizons all of our Middle East coverage. We heard

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Speaker 2: from her from Dubai.

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Speaker 1: UAE alone have received two thirds of the projectiles that

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Speaker 1: Iran have fired over so more than any other Gulf nation.

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Speaker 1: They have successfully intercepted around one thy six hundred drones

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Speaker 1: around three hundred missiles. The interception rates is anything between

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Speaker 1: ninety two percent and ninety four percent, depending on whether

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Speaker 1: you're talking about drones or missiles. So the interception rate

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Speaker 1: is very high. But that's not to say that some

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Speaker 1: debris or interceptions of debris is causing a damage to

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Speaker 1: some Skyrise buildings, as you may have seen reports of that.

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Speaker 1: But increasingly, I would say what has happened in the

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Speaker 1: last twenty four to forty eight hours is Iran seemed

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Speaker 1: to be targeting a lot more strategic assets in the

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Speaker 1: region that aren't necessarily linked to US bases or US

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Speaker 1: control centers. And this, I think is perhaps marks a

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Speaker 1: new chapter in this war.

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Speaker 2: Yourmount of Presentia from Dubai this morning in London, Julian

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Speaker 2: Lee joined us out of the London School of Economics

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Speaker 2: Definitive and hydrocarbons. Julian Lee an the marginal barrel of oil.

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Speaker 3: I think what's not visible at the moment is exports

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Speaker 3: out of the Persian Gulf. What we're seeing is a

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Speaker 3: near total closure of the Straight of hor Moos. Yes,

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Speaker 3: there've been a couple of small Indian oil tankers going

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Speaker 3: through over the weekend. They were likely carrying liquefied petroleum gases,

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Speaker 3: which are popular as a cooking fuel in India. One

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Speaker 3: thing I think that's interesting about those vessels is that

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Speaker 3: they took a much more northerly passage through hor Moos

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Speaker 3: than is usual, much closer to the Iranian coast outside

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Speaker 3: of the normal shipping lanes. They could mean a number

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Speaker 3: of things. I mean it could mean that those shipping

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Speaker 3: lanes have been mined, as the Iranians would like us

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Speaker 3: to believe. It could simply mean that the Iranians want

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Speaker 3: to keep a better eye on what's going through Hormus.

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Speaker 3: Most of the rest of what's gone through is either

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Speaker 3: Iranian owned or linked to China.

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Speaker 2: A movable story, to say the least. Julian Lee from

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Speaker 2: Queen Victoria Street in London and Podcasts were at Apple

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Speaker 2: where it's Spotify YouTube podcasts. It's single best idea.