1
00:00:02,520 --> 00:00:10,039
Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.

2
00:00:12,760 --> 00:00:16,560
Speaker 2: It's single bust Idea on a Friday, many weeks now

3
00:00:16,600 --> 00:00:19,400
Speaker 2: into the war. We had some great coverage this week

4
00:00:19,680 --> 00:00:23,279
Speaker 2: off of our top live teams stretching from Tel Aviv

5
00:00:23,480 --> 00:00:26,680
Speaker 2: and Dubai all the way up to Istanbul and back

6
00:00:26,720 --> 00:00:29,520
Speaker 2: over to Queen Victoria Street in London. We thank each

7
00:00:29,560 --> 00:00:32,440
Speaker 2: and every one of those. Anthony to Powell with us

8
00:00:32,440 --> 00:00:35,920
Speaker 2: out of Dubai. The day we spoke to Anna Wong

9
00:00:36,240 --> 00:00:39,520
Speaker 2: of Bloomberg Economics and she made very clear, I don't

10
00:00:39,520 --> 00:00:43,040
Speaker 2: want to be inflammatory here, but she did not predict

11
00:00:43,159 --> 00:00:46,920
Speaker 2: two hundred dollars barrel oil now at one eleven. But

12
00:00:47,080 --> 00:00:50,479
Speaker 2: she said, what if two hundred dollars a barrel oil,

13
00:00:50,920 --> 00:00:54,080
Speaker 2: Doctor Wong of Bloomberg Economics.

14
00:00:53,479 --> 00:00:56,920
Speaker 3: Two hundred dollars oil will cause the headline CPI to

15
00:00:56,960 --> 00:01:01,320
Speaker 3: go up to possibly six percent point fine six percent.

16
00:01:01,880 --> 00:01:05,440
Speaker 3: But even if it stays a two hundred dollars, the

17
00:01:05,760 --> 00:01:09,479
Speaker 3: important insight that the year of year will immediately fall

18
00:01:10,160 --> 00:01:12,480
Speaker 3: in twenty twenty seven and by the end of twenty

19
00:01:12,520 --> 00:01:15,399
Speaker 3: twenty seven early twenty twenty eight it will fall back

20
00:01:15,440 --> 00:01:18,520
Speaker 3: to pre aron. So that's the nature of a transitory

21
00:01:18,560 --> 00:01:19,880
Speaker 3: shock Anamoon.

22
00:01:19,640 --> 00:01:23,000
Speaker 2: Of Bloomberg Economics. What a force duman Umbrisachi has been

23
00:01:23,560 --> 00:01:26,560
Speaker 2: with Bloomberger rises, driving all of our coverage out of

24
00:01:26,640 --> 00:01:29,959
Speaker 2: Dubai to get through the weekend. We spoke to Chumana

25
00:01:30,400 --> 00:01:31,080
Speaker 2: in Dubai.

26
00:01:31,840 --> 00:01:35,320
Speaker 4: Well, it depends on how long the disruptions around the

27
00:01:35,319 --> 00:01:37,880
Speaker 4: Strait of Homers last for. And I think the issue

28
00:01:37,920 --> 00:01:40,200
Speaker 4: is that they're sitting on all of this oil that

29
00:01:40,240 --> 00:01:42,080
Speaker 4: they would like to get out. But they can get

30
00:01:42,120 --> 00:01:45,280
Speaker 4: it out. Obviously, in the case of Saudi Arabia and

31
00:01:45,319 --> 00:01:47,800
Speaker 4: the UAE, they've managed to divert a good sum of it,

32
00:01:47,920 --> 00:01:50,520
Speaker 4: you know, the the East West pipeline in Saudi Arabia.

33
00:01:50,920 --> 00:01:52,720
Speaker 4: One thing I will leave you with though, we were

34
00:01:52,720 --> 00:01:55,640
Speaker 4: looking at the local stock market industry's performance over the

35
00:01:55,720 --> 00:01:58,920
Speaker 4: last month. Tadawel, which is the Saudi stock market, is

36
00:01:58,960 --> 00:02:02,040
Speaker 4: actually positive since this war started. It's up four percent

37
00:02:02,160 --> 00:02:04,480
Speaker 4: to account for the fact that oil prices are higher.

38
00:02:04,880 --> 00:02:06,600
Speaker 4: That is not the case for the rest of the region,

39
00:02:06,600 --> 00:02:09,480
Speaker 4: which obviously a lot more vulnerable and exposed from a

40
00:02:09,520 --> 00:02:10,560
Speaker 4: non oil perspective.

41
00:02:10,840 --> 00:02:15,720
Speaker 2: Jubani marcecchi A driving Bloomberg horizons out of Jubai. We're

42
00:02:15,760 --> 00:02:20,280
Speaker 2: on Apple music on Spotify, this podcast on YouTube as well.

43
00:02:20,360 --> 00:02:22,640
Speaker 2: This is single best idea