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

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Speaker 2: This is the bloom Big Day, Make you a podcast.

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Speaker 2: Good morning, It's Monday, the twenty third of March. I'm

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Speaker 2: Caroline Hepkut in London and.

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Speaker 1: I'm Stephen Caroline Brussels. Coming up today. Markets lose their

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Speaker 1: nerve over the Iran war, as stocks, bonds, and gold

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Speaker 1: all sell off.

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Speaker 2: President Trump's forty eight hour deadline for tay Ron to reopen,

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Speaker 2: the Strait of Home moves draws near.

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Speaker 1: Plus the land I call home yet a place I've

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Speaker 1: never been. One perspective on how the war in the

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Speaker 1: Middle East is being felt by the Iranian diaspora.

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Speaker 2: Let's start with a roundup of our top stories.

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Speaker 1: A broad based sell off as intensifying across global markets

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Speaker 1: this morning, as Iran and the United States trade fresh

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Speaker 1: threats of further escalation. Asian equities are down for a

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Speaker 1: third consecutive session and are on track to enter correction.

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Speaker 1: Territory Japan's Nikke is down over three percent, while South

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Speaker 1: korea Is cosp is over six percent. Lower futures indicate

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Speaker 1: the stock market sell off as likely to continue in

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Speaker 1: Europe and on Wall Street later. Garfield Reynalds leads Bloomberg's

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Speaker 1: Markets Live team in Asia.

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Speaker 3: Whatever happens in the short term with escalation de escalation,

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Speaker 3: this is going to have a long term impact on

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Speaker 3: economies and that's a lose lose situation for most assets

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Speaker 3: because nobody really saw anything like this coming. While there

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Speaker 3: was talk in February of the potential for some sort

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Speaker 3: of US.

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Speaker 1: Action, Garfield Ronalds are speaking as bond markets are also

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Speaker 1: under pressure amid concerns over higher inflation. Yields of surge

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Speaker 1: on expectations that central banks may be forced to tighten policy,

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Speaker 1: with the UK seeing some of the most pronounced moves.

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Speaker 1: On Friday, the yield on the tenure guilt jumped to

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Speaker 1: five percent for the first time since the two thousand

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Speaker 1: and eight financial crisis. In the US, treasury yields are

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Speaker 1: hovering near multi month highs after a third straight week

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Speaker 1: of bond Glass's gold has also follen for a ninth

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Speaker 1: consecutive session, dropping by as much as four and a

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Speaker 1: half percent Today.

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Speaker 2: US Persident Donald Trump has given Iran a deadline of

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Speaker 2: just before midnight UK time tonight to reopen the Strait

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Speaker 2: of hor moves or face strikes on its power infrastructure.

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Speaker 2: He issued the warning on Saturday night at eleven forty

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Speaker 2: four pm London time, in a social media post, saying

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Speaker 2: that he was given the Islamic Republic forty eight hours

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Speaker 2: from that exact point in time. A spokesperson for Iran's

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Speaker 2: Military Central Command, Lieutenant Colonel Ibrahim Sulfagari, had this response.

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Speaker 4: We can if us threats regarding Iran's power plants are

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Speaker 4: carried out, the following punitive measures will be implemented immediately.

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Speaker 4: The Strait of Horror moves will be completely closed and

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Speaker 4: will remain closed until our damaged power plants are restored.

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Speaker 4: All power plants, as well as the energy and information

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Speaker 4: and communications technology infrastructure of the Zionist regime will be

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Speaker 4: extensively targeted. All similar companies in the region to have

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Speaker 4: American shareholders will be completely destroyed.

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Speaker 2: A spokesperson for Iran's military translated from Varsi. President Trans'

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Speaker 2: latest warning came a day after he said that he

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Speaker 2: was considering winding down operations and shifting responsibility for securing

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Speaker 2: the Strait of Hormus to other countries. Meanwhile, according to

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Speaker 2: a post on Telegram, the Israel Defense Forces say they

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Speaker 2: have begun a new wave of strikes on infrastructure in Tehran,

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Speaker 2: without providing details on specific targets. In Lebanon, where Israel

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Speaker 2: has intensified its offensive against Iran backed Hezbolam militants, the

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Speaker 2: toll now exceeds a thousand. The Islamic Republic has continued

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Speaker 2: launching missiles and drones at Israel and Arab Gulf states.

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Speaker 2: On Sache, around one hundred and fifteen people were injured

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Speaker 2: in the southern Israeli cities of Ara and Demona, the

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Speaker 2: latter of which is near to a nuclear research facility.

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Speaker 1: The International Energy Agency says over forty Middle East to

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Speaker 1: energy facilities have been severely damaged in the war. So far,

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Speaker 1: the damage means it will take some time for the

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Speaker 1: oil fields, refineries and pipelines to come back online. The

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Speaker 1: IA's executive director, Fatty Barrel put the scale of the

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Speaker 1: disruption in context only.

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Speaker 5: As of today, we lost eleven million births per day,

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Speaker 5: so more than two major oil shops put together. Plus

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Speaker 5: after the Russia's invasion of Ukraine, the gas markus, especially

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Speaker 5: in Europe, we lost about seventy five billion Quebec matters

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Speaker 5: sevent to five bcm and as of now. As a

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Speaker 5: result of this crisis, we lost about one hundred and

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Speaker 5: forty bcm.

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Speaker 1: That was the Ias Fatty barrel, speaking in Australia earlier. Today,

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Speaker 1: oil prices are hovering around their hyacinths mid twent at

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Speaker 1: twenty two, with Bran crude over one hundred and twelve

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Speaker 1: dollars a barrel. Speaking to Bloomberg this morning, UBS CEO

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Speaker 1: ser Dio Or Mahti said energy prices are likely to

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Speaker 1: remain elevated for the foreseeable future. Goldman Sachs has raised

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Speaker 1: it's twenty twenty six forecast for Brent crude to eighty

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Speaker 1: five dollars a barrel.

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Speaker 2: On Friday, Iran launched ballistic missiles at the joint US

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Speaker 2: UK military base on Diego, Garcia. The base is nearly

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Speaker 2: two thousand, five hundred miles away from the Islamic Republic.

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Speaker 2: Weapons with that range would put major European cities, including

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Speaker 2: London and Paris, at risk of an attack. It's unclear

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Speaker 2: whether Tehran possesses any more of the intermediate range ballistic missiles.

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Speaker 2: UK Prime Minister Kis Starma, though, will today meet with

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Speaker 2: the Bank of England Governor and key ministers for crisis

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Speaker 2: talks on the economic impact of the wars. Sarma also

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Speaker 2: spoke to the US President yesterday about the need to

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Speaker 2: reopen the Strait of Hormuz. But Housing sec Tree Steve

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Speaker 2: Reid says the UK will not be pulled into the war.

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Speaker 6: The Prime Minister has been crystal clear. We didn't join

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Speaker 6: the war. We're not going to be dragged into this war.

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Speaker 6: But we will take necessary defensive action to protect British interests,

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Speaker 6: British people or our allies across the region.

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Speaker 2: Steve Reid added that energy prices are currently decreasing due

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Speaker 2: to the UK's price cap, but a forecast by energy

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Speaker 2: consultants Cornwall Inside expect prices to search twenty percent when

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Speaker 2: the current limit is revised.

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Speaker 1: In June, police and London are investigating an arson attack

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Speaker 1: in the north of the capital as an anti Semitic

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Speaker 1: hate crime. Authorities say four volunteer ambulances belonging to a

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Speaker 1: Jewish community ambulance service where set allite around one Am

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Speaker 1: and Golder's Green. The fires have been put out and

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Speaker 1: no injuries have been recorded.

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Speaker 2: Germany's Conservatives have secured an election in a traditionally socialist state.

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Speaker 2: According to the latest projection from the broadcast. The Ard

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Speaker 2: Chancellor Fredrick Mertz's Christian Democratic Union won thirty point eight

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Speaker 2: percent of the vote in Rhineland Palatinate, dislodging the Social

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Speaker 2: Democrats who were in power for thirty five years. The

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Speaker 2: victory comes after the CDU soufted an election defeat in

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Speaker 2: a neighboring state only two weeks ago. Meanwhile, the country's

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Speaker 2: far right alternative for Germany received just under twenty percent

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Speaker 2: of the state vote.

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Speaker 1: In France, Marie Lapin's National Rally has fallen short of

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Speaker 1: its bid to take control of several major French cities.

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Speaker 1: The municipal election results signaled potential difficulties for the party

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Speaker 1: ahead of next year's presidential vote. Socialist candidate Emmanuel Gregoire

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Speaker 1: won the meyoral race in Paris, succeeding fellow party member Annidalgo.

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Speaker 1: Left wing parties also held on to Marseille and Leon.

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Speaker 1: The far right did see one major victory in the

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Speaker 1: city of Nice with the victory of Lexcioti, and it

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Speaker 1: made inroads in smaller cities. Marie Lepen's party is leading

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Speaker 1: in the polls ahead of new next year is presidential election.

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Speaker 2: And those are our top stories for you today now.

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Speaker 2: A deepening energy crisis has markets very much on edge

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Speaker 2: this Monday morning. Brent and WTI have both served seventy

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Speaker 2: percent this year. Brain crewde futures are up seven tenths

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Speaker 2: this morning at one hundred and twelve dollars. We're now

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Speaker 2: on a ninety nine dollar handle for WTI crude futures.

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Speaker 2: You see stocks in Asia really sinking on the back

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Speaker 2: of increased worries. The cost is down six and a

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Speaker 2: half percent, Macias Pacific index down three point six percent.

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Speaker 2: Chinese equities are also significantly lower this morning. The dollar

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Speaker 2: on the Blueberg Dollar Spot Index is gaining three tenths,

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Speaker 2: the Euro down almost four tenths of one percent, the

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Speaker 2: Indian rupee and a record low in terms of the

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Speaker 2: bond markets. Inflation concerns really gripping markets. The Aussie curve

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Speaker 2: has been steepening very sharply. Ten year yields are up

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Speaker 2: almost ten basis points just today, and you have also

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Speaker 2: a precious metals sell off, so gold this morning has

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Speaker 2: significantly plunged. It's down four point eight percent now trading

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Speaker 2: at four thousand, two hundred and seventy eight dollars. Those

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Speaker 2: are the markets.

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Speaker 1: In a moment more on Iran's response to President Trump's

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Speaker 1: deadline to reopen the Strait of Hormuz, plus, Bloomberg reported,

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Speaker 1: tala Abmadi tells us how the Persian New Year is

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Speaker 1: being marked by the Iranian diaspora. But another story that

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Speaker 1: we've been reading this morning, if you're trying to make

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Speaker 1: sense of so much of the turmoil that's happening in

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Speaker 1: the world this morning, Bloomberg Opinions, Clive Krook has been

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Speaker 1: writing about a thesis as to why the world appears

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Speaker 1: to becoming so much more fragmented. He points to a

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Speaker 1: book from the economist Aswar Prasad called The Doom Loop,

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Speaker 1: which finds that the global economic disorder is self sustaining

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Speaker 1: and that the forces you might expect to be able

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Speaker 1: to restore stability don't seem to be working. And a

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Speaker 1: lot of this, Prasad argues, is to do with the

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Speaker 1: degradation of the relationship between the US and China. The

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Speaker 1: trade relationship often seen by thinkers as something that drives

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Speaker 1: economic growth and stability. The fact that that's intertwined with

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Speaker 1: a geopolitical relationship as complic hated. Some of the outcomes

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Speaker 1: of that as well, and that's leading to essentially a

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Speaker 1: rivalry that's you know, helping to drive divisions in many

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Speaker 1: parts of society.

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Speaker 2: Yeah, and look, there are also some interesting some solutions

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Speaker 2: that he tries to offer, basically urging governments to rebuild

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Speaker 2: broken national and international institutions to try to promote accountability

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Speaker 2: and rule base sort of positive sum competition. I mean,

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Speaker 2: it sounds quite hopeful, doesn't it, when many more of

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Speaker 2: us maybe feel more like the doom loop title of

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Speaker 2: that book is more appropriate. But I do also wonder,

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Speaker 2: you know, the notion that globalization had leaders has had losers,

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Speaker 2: you know, was known for really quite a long time.

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Speaker 2: It's a pity that there wasn't sort of a more

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Speaker 2: adequate economic response ten twenty years ago. Now we're in

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Speaker 2: this very very difficult position.

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Speaker 1: Yeah, plenty of food for thought in that. So we'll

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Speaker 1: put a link to it on our podcast show notes. Well,

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Speaker 1: let's bring you the late from the Middle East. Now,

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Speaker 1: if Donald Trump gave around until tonight to reopen the

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Speaker 1: strait of jaimus our Middle East breaking these edit, Patrick

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Speaker 1: Sykes joins us Now for more, Patrick, how has Iran

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Speaker 1: responded to this latest threat? This deadline from the US President,

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Speaker 1: who says that he'll bomb power plants if they don't

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Speaker 1: meet this time limit that he's given.

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Speaker 7: Yeah, Ron supposedly promised to respond both in kind and

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Speaker 7: then up the ante beyond that. So among the threats

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Speaker 7: it's listed from various officials, we've had threats to energy installations,

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Speaker 7: power plants, desalination plants, the plants that make the water

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Speaker 7: around the Gulf for golf Arab countries appropriate for drinking it,

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Speaker 7: facilities in countries in the region, and specific countries that

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Speaker 7: supply electricity to US basis, so Iran trying to take

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Speaker 7: the electricity theme and then reconnect it to that geography

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Speaker 7: where it's able to strike the last one. Also financial

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Speaker 7: entities that buy US treasury bonds. So a really broad

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Speaker 7: spread of threats that Iran's made in response to this,

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Speaker 7: I think in part because that would be a significant

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Speaker 7: escalation via the US. And we're seeing again this strategy

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Speaker 7: by Iran to try and match it in kind and

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Speaker 7: then go beyond in order to restore the terrence as well.

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Speaker 2: Yeah, absolutely, so real worry about spiraling. Israel says that

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Speaker 2: it's targeted Iranian infrastructure in its latest wave of strikes.

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Speaker 2: So in terms of the attacks and what's actually happening

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Speaker 2: across the region, what's the latest today.

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Speaker 7: Yeah, the idea of didn't specify what exactly infrastructure that

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Speaker 7: they targeted and around, but it could be anything from

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Speaker 7: electrical visibly that Trump threat, to missiles to nuclear program

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Speaker 7: all those boockets that we've seen in the conflict so far.

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Speaker 7: I think the most significant strikes over the weekend was

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Speaker 7: Iran hitting Israe those southern cities of Arad and Demona.

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Speaker 7: We know that they injured one hundred and fifteen people.

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Speaker 7: I think that's one of the larger casualty counts we've

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Speaker 7: seen in the conflicts so far, and Demona in particular

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Speaker 7: is really important because it's close to that town where

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Speaker 7: Israel has its key nuclear research facility, and that particular

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Speaker 7: strike came on the day that Israel had itself targeted

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Speaker 7: an Iranian nuclear facility of the Tanse. So again we're

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Speaker 7: seeing Iran try to demonstrate that it's got the will

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Speaker 7: and the capability to respond in kind if it's prompted

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Speaker 7: to do so.

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Speaker 1: Patrick wanted to dig into some of the market moves

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Speaker 1: that we're saying with Marcod Morphomur Market's live team in

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Speaker 1: just a moment. But the question of where we are

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Speaker 1: in terms of energy supplies and what the extended closure

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Speaker 1: now of the strait of war moves means, there is

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Speaker 1: no prospect it seems of relief for energy markets.

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Speaker 7: Indeed, Yeah, and I think at this stage markets, you know,

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Speaker 7: with all these threats flying markets are slightly waiting to

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Speaker 7: see which of them are realized. You know, we've seen

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Speaker 7: Trump pull back from threats before during the protests in

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Speaker 7: Iran earlier this year. We've seen Iran itself make threats

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Speaker 7: or claim that it's targeted things which don't seem to

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Speaker 7: have been true. So the scope for both of those

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Speaker 7: positions to move, I think the markets will just be

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Speaker 7: watching for exactly what among that tiger list does get

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Speaker 7: to get hit. But bottom line is, yeah, they're still

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Speaker 7: very nervous about the prospect of escalation. We saw was

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Speaker 7: it last week with the South Pass attacks that sparked

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Speaker 7: a spiral of a series of attacks by Iran on

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Speaker 7: various energy facilities in the Gulf that seemed to have

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Speaker 7: been kind of rained in and both sides seem to

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Speaker 7: have agreed that was mutually non beneficial. But with this

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Speaker 7: threat in terms of power plants were back in that territory,

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Speaker 7: and any such strike I think would set off a

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Speaker 7: similar retaliatory wave.

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Speaker 2: Okay, Patrick, thank you so much for being with us

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Speaker 2: this morning. Patrick's size is our Middle East breaking news editor.

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Speaker 2: Stay with us. More from Bloomberg Day BAQUB coming up

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Speaker 2: after this. Now, we've seen a deeper sell off in stocks,

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Speaker 2: gold and bonds as the rhetoric has grown more aggressive

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Speaker 2: between the US and Iran over the strait of horn Moos.

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Speaker 2: We want to bring in our market's Live executive editor

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Speaker 2: Mark hard Moore really to think about what's happened over

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Speaker 2: the weekend and what may come this week for investors. Mark,

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Speaker 2: good morning. We've seen oil prices, fertilizer costs, food prices,

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Speaker 2: and production all seeing growing risks and rising prices. What

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Speaker 2: do you think the markets are expecting with Presidents Trump's

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Speaker 2: forty eight our ultimatum to Tehran.

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Speaker 8: Despite the selloff we've seen in ourse's today, I think

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Speaker 8: markets are still structurally complacent about the conflict. I obviously

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Speaker 8: have no inside loop exactly how the conflict's going to

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Speaker 8: play out. I don't think President Trump has a clue

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Speaker 8: plays out, so I don't see how I have any

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Speaker 8: extra special edge. The hard bit is that we don't

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Speaker 8: know how Iran's going to act, and they have less

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Speaker 8: incentives for an off ramp, even though the US does

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Speaker 8: want an off ramp. So I don't know any conviction

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Speaker 8: how the conflict plays out. But the market continues to

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Speaker 8: be far too optimistic because they're focused on the fact

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Speaker 8: that we always get a Trump taco, you know, Geopolitical

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Speaker 8: risk in the Middle East is always a fade. We've

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Speaker 8: got the mid terms comeing up, so the US doesn't

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Speaker 8: have any intense to continue going. They're all based on

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Speaker 8: the idea that the US has near unilateral control over

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Speaker 8: the conflict, which is not the case at all. In fact,

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Speaker 8: as Trump's threatened, the Weekend implicitly accepts it is a

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Speaker 8: Ran who controls the straight up remos and when it

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Speaker 8: will reopen, and they don't have an election cycle to

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Speaker 8: worry about, and may have in sentences to actually keep

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Speaker 8: the straight longer, to actually help the regime keep the

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Speaker 8: the straight closed, to kind of show their power. So

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Speaker 8: I think markets are still positioned way too complacently overall,

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Speaker 8: and that means. What that means is that while I

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Speaker 8: don't know how the conflict plays out. I still think

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Speaker 8: despite the cell offs who saw Friday and today, despite

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Speaker 8: the worst month for global stocks in three and a

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Speaker 8: half years, despite precious metal selling out, we still have

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Speaker 8: negative convexity in markets, which means that normally after a

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Speaker 8: big sell off, it's more likely the more powerful moves

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Speaker 8: will be the bounce, but at this stage that it

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Speaker 8: can be powerful in both directions, and I expect that

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Speaker 8: any bounce or a laf on a sign of de

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Speaker 8: escalation will prove to be able the deceased feline variety,

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Speaker 8: because even if we get de escalation of the conflict,

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Speaker 8: it doesn't provide clarity exactly when traffic will resume normally

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Speaker 8: in the straight of remos.

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Speaker 1: Given all of that uncertainty, then how significant do you

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Speaker 1: see the yield spike given the concerns about inflation. Looking

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Speaker 1: at Australia, you know, the tenure yield there up another

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Speaker 1: nine basis points this morning.

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Speaker 8: Yeah, Like, I think what's interesting is so far as

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Speaker 8: we've got a stygflationary impulse from this conflict, and everyone's

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Speaker 8: trading the inflation part of that styplation impulse at some point,

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Speaker 8: and I think that you know, when I say some.

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Speaker 8: I think that's going to be imminently. I think this

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Speaker 8: week we're going to start focusing more on the demand

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Speaker 8: destruction side, and therefore, to me, yields are where there's

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Speaker 8: less obvious value and move from here. I think there's

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Speaker 8: a lot more two way risk. I think that other

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Speaker 8: assets still have not fully priced in that the conflict

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Speaker 8: extending a bit further. Whereas bonds have traded the conflict

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Speaker 8: aggressively till now, but they haven't traded the idea that

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Speaker 8: it extends further. It means actually yields could go lower

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Speaker 8: because of the growth destruction.

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Speaker 2: And so what do you think that means to precious metals?

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Speaker 2: I mean, have we seen the size of the move

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Speaker 2: then commend to with the risks you think In gold,

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Speaker 2: which is down almost five percent today, I still think.

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Speaker 8: There's probably more downside. I mean, not necessarily short term.

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Speaker 8: Short term looks like we've had capitulation. We've done on

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Speaker 8: the near term stops, but as you know, we've talked

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Speaker 8: abot the last couple of weeks. I still think gold

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Speaker 8: overall has downside. You know, you've got a world of

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Speaker 8: stronger dollar hire yields. We've played the geopolitical risk theme,

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Speaker 8: so you know, arbitrary. I was asked earlier about you

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Speaker 8: how much downsaid, Look, this is not based on anything systematic,

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Speaker 8: but yeah, the breakout level last year was going above

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Speaker 8: three thousand, six hundred, so that's at a very superficial level.

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Speaker 8: That's what I've kind of got my you know, finger

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Speaker 8: in the air level of works. But gold to go

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Speaker 8: back to, I think precious metals have a lot more

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Speaker 8: downside still.

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Speaker 1: Okay, Mark, thank you very much. Our Markets Live executive

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Speaker 1: editor at Mark Cudmore there at this weekend marked the

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Speaker 1: start of the Persian New year. No Rus is celebrated

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Speaker 1: not only in Iran but also by the diaspora around

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Speaker 1: the world, although this year has been markedly different because

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Speaker 1: of the war. Bloomberger porter Tala At Madi has been

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Speaker 1: writing about this for Bloomberg Weekend, and she joins us

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Speaker 1: now for more. Tala, good morning. Your family is Iranian,

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Speaker 1: but you write about how you've never been to Iran.

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Speaker 1: What does no Rus mean to you?

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Speaker 9: So for me, all though, nor Ruse is you know,

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Speaker 9: it's a time of renewal, it's a time of prosperity.

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Speaker 9: If it's a time of rebirth, it's also the time

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Speaker 9: everyone comes together. For me, my memories are marked by

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Speaker 9: you know, those big family gatherings where we'd have massive

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Speaker 9: amounts of sabsi pull obamachi, which is her and Brice

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Speaker 9: and fish, of music, of dancing. But it's also because

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Speaker 9: it was the time of year where Iran was brought

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Speaker 9: into our home thousands of miles away. It was the

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Speaker 9: time where it was in our music, and it was

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Speaker 9: also in our rituals. There's many rituals for nou Rus,

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Speaker 9: but some of them includes the half Seen table where

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Speaker 9: you decorate your table with seven symbolic items starting with

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Speaker 9: the with the letter S those horner Tekoni which is

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Speaker 9: shaking the house, which is hoovering and polishing each corner

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Speaker 9: to embrace positivity. Was all of those little rituals that

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Speaker 9: seeped into our home that felt like I was in Iran.

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Speaker 9: But for me, the most significant part of Norrus is

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Speaker 9: when you know, the food was pushed aside, the plates

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Speaker 9: were pushed into the corner, all of our teacups were filled,

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Speaker 9: and my family would just talk about their memories of Iran.

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Speaker 9: You know the streets they grew up on, the markets

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Speaker 9: where they brought their groceries. I felt like I was

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Speaker 9: found bought it into Tehran and I had never even

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Speaker 9: been there. And for me, it was the one time

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Speaker 9: of the year where you felt so culturally connected to

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Speaker 9: a place that you may never even have the opportunity

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Speaker 9: to visit. And I think it's it's the same for

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Speaker 9: many in the diaspora. It's a way that we can

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Speaker 9: celebrate with our family but also feel very culturally connected.

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Speaker 2: Gosh, how evocative what has no really has been like

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Speaker 2: then this year and for other members in the Iranian

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Speaker 2: diaspora that you've been speaking to, so this year, nor.

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Speaker 9: Rouse feels very different. It's you know, quite elaborate. You

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Speaker 9: have these big family gatherings. It's full of music, it's

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Speaker 9: full of dancing. But it's a lot more subdued this year.

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Speaker 9: And that's because there's there's quite a lot of heaviness

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Speaker 9: with everything that's going on. When you have you know,

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Speaker 9: your family who's there and you're hearing from them, you know,

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Speaker 9: every other day of what's going on, it feels wrong

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Speaker 9: to celebrate in such you know, kind of ostentatious ways.

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Speaker 9: It's a lot more quiet. It's because you know, there's

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Speaker 9: there's this emotional toll that's that's that's on you because

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Speaker 9: your family is you know, living through all of this,

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Speaker 9: so it feels wrong to, you know, celebrate that we're

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Speaker 9: still doing the rituals like the half seene table where

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Speaker 9: you know there's those seven symbolic items and you know

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Speaker 9: we might you know, have sabzy pull oba mohy, but

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Speaker 9: just kind of in the kitchen, sitting around the table.

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Speaker 9: But there's no family gatherings this year. And I think

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Speaker 9: you know, a lot of us, a lot of us

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Speaker 9: are feeling and we're celebrating very differently.

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Speaker 1: How much are you hearing out of those that you

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Speaker 1: know in Iran? How possible is it to be in

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Speaker 1: contact with people there?

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Speaker 9: So obviously with the internet blackout, you don't really hear

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Speaker 9: much from your family. You hear from them very soporadically.

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Speaker 9: And because of that, the uncertainty feels even worse, because

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Speaker 9: you know, you're checking your phone to see if they've replied,

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Speaker 9: you're looking through headlines, and just because you're physically removed

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Speaker 9: doesn't mean you're not emotionally pulled. And I think that's

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Speaker 9: what a lot of us in the diaspora are feeling,

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Speaker 9: because you're not able to be in contact with your

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Speaker 9: family members who are there. You know, you're trying to

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Speaker 9: find out what's going on through news headlines, you know,

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Speaker 9: restless nights kind of seeing which areas have been hit,

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Speaker 9: and when you do get into contact with them, you know,

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Speaker 9: I have to say, one thing that many of us

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Speaker 9: can relate to is there's just so much hope at

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Speaker 9: the moment. There's so much hope and that everything will

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Speaker 9: go back to some sort of normality, and you know,

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Speaker 9: you expect to hear from them and for them to

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Speaker 9: be Obviously they're very concerned on what's going on, but

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Speaker 9: I think a lot of them are kind of clinging

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Speaker 9: on to that hopefully this will be over very soon.

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Speaker 9: But you know, your daily essentials like walking to the supermarket,

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Speaker 9: even you know, your work is completely disrupted and they're

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Speaker 9: kind of just stuck at home. When we do speak

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Speaker 9: to them, you know, it's not safe at all to

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Speaker 9: go out, and so it's very concerning. Well, obviously you're

434
00:23:30,760 --> 00:23:32,240
Speaker 9: just hearing from the other side, and then you don't

435
00:23:32,240 --> 00:23:34,040
Speaker 9: hear from them for days, and then when you do,

436
00:23:34,080 --> 00:23:38,639
Speaker 9: there's obviously a sense of relief, but that just constant uncertainty,

437
00:23:38,760 --> 00:23:39,879
Speaker 9: just filsy all the time.

438
00:23:40,400 --> 00:23:42,359
Speaker 2: I wonder if I can ask you something personal, do

439
00:23:42,400 --> 00:23:44,320
Speaker 2: you think that you'll ever visitor on.

440
00:23:45,400 --> 00:23:48,720
Speaker 9: I think it feels even that likelihood feels even further

441
00:23:49,000 --> 00:23:51,720
Speaker 9: than it has ever been before, just because obviously, with

442
00:23:51,800 --> 00:23:54,600
Speaker 9: everything that's going on, I never even had the possibility

443
00:23:54,640 --> 00:23:57,639
Speaker 9: to go. Every time I'd ask my parents, there'd always

444
00:23:57,640 --> 00:24:01,399
Speaker 9: be you know, the very sad nurse and always that

445
00:24:01,520 --> 00:24:03,720
Speaker 9: the constant rejection of that we can't go. I couldn't

446
00:24:03,760 --> 00:24:07,080
Speaker 9: have the possibility, just you know, the safety as a woman. Also,

447
00:24:07,800 --> 00:24:10,800
Speaker 9: they were worried about, you know, navigating those cultural barriers

448
00:24:10,840 --> 00:24:13,040
Speaker 9: when you've grown up in the West for most of

449
00:24:13,080 --> 00:24:16,440
Speaker 9: your life, and also when you're young and if you've

450
00:24:16,480 --> 00:24:19,119
Speaker 9: been to Iran, if you get questioned at borders if

451
00:24:19,119 --> 00:24:21,200
Speaker 9: you want to travel, and makes it all the more difficult.

452
00:24:21,200 --> 00:24:23,919
Speaker 9: And they never really wanted me to experience that. But

453
00:24:23,960 --> 00:24:26,119
Speaker 9: I thought, you know, at some point I would go

454
00:24:26,200 --> 00:24:29,920
Speaker 9: by myself, you know, and when I'm older or maybe

455
00:24:29,960 --> 00:24:32,560
Speaker 9: you know, those restrictions in my ease. But with everything

456
00:24:32,600 --> 00:24:34,320
Speaker 9: that's going on at the moment, it feels like that

457
00:24:34,359 --> 00:24:36,280
Speaker 9: possibility has just become more narrow.

458
00:24:38,359 --> 00:24:41,080
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459
00:24:41,160 --> 00:24:44,200
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