WEBVTT - Trump's Iran Deadline Nears; Sharp Selloff in Markets

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News.

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<v Speaker 2>Good morning, I'm Nathan Hager and I'm Karen Moscow. Here

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<v Speaker 2>are the stories we're following today.

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<v Speaker 3>Karen, we begin with the latest on the war where Iran,

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<v Speaker 3>now into its twenty fourth day, Tehran has been carrying

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<v Speaker 3>out fresh waves of attacks across the Persian Gulf after

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<v Speaker 3>President Trump issued a deadline on social media over the

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<v Speaker 3>weekend to reopen the strait of horror moves. We get

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<v Speaker 3>the very latest from Bloomberg's Jumana Borsecci in Dubai.

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<v Speaker 4>He's basically given Iran a forty eight hour ultimatum to

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<v Speaker 4>reopen the streets without threats or else. He says, the

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<v Speaker 4>US will hit and obliterate various power plants, starting with

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<v Speaker 4>the biggest one. First, that Iran has around one hundred

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<v Speaker 4>power plants that they're sitting on that could potentially be targets. Now, Iran,

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<v Speaker 4>we're quick to retaliate as ever, and they said that

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<v Speaker 4>if that does happen, and if civilian infrastructure targeted, then

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<v Speaker 4>they in turn will strike back on all energy, information, technology,

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<v Speaker 4>and desalination infrastructure linked to the US and Israel in

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<v Speaker 4>the region.

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<v Speaker 3>And Bloomberg's Jumanni Burssetti reports this morning Iran is threatening

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<v Speaker 3>to mine the entire Persian Gulf if the US or

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<v Speaker 3>Israel attack its islands or coastline.

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<v Speaker 5>Nathan.

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<v Speaker 2>Israel meanwhile, has been carrying out new waves of air

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<v Speaker 2>strikes on infrastructure in Tehran. Defense Minister Israel Cant says

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<v Speaker 2>the intensity of US and Israeli attacks will increase significantly

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<v Speaker 2>in the coming week, and we get that part of

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<v Speaker 2>the story from Bloomberg's Dan Williams in Jerusalem.

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<v Speaker 5>The public commentary has been abuiliant, almost triumphalists, especially when

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<v Speaker 5>it comes to the Israeli Defense Minister devowing stepped up

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<v Speaker 5>strikes on this the fourth week of the war. Nonetheless,

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<v Speaker 5>perhaps more quietly, officials in noting that the Iranians have managed,

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<v Speaker 5>despite a drop off in missile strikes overall during the

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<v Speaker 5>third week of the war, to pick them up over

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<v Speaker 5>the weekend, specifically with two missile attacks. Two missile that

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<v Speaker 5>managed to reach that targets towns in the south of Israel,

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<v Speaker 5>and more than one hundred people civilians were wounded over

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<v Speaker 5>the weekend.

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<v Speaker 2>And that's Bloomberg's Dan Williams who reports Iran is claiming

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<v Speaker 2>that attack in the southern cities of Irod and Demona

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<v Speaker 2>was in retaliation for a strike, and it's net Town's

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<v Speaker 2>nuclear facility.

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<v Speaker 3>And Karen the White House is defending the stepped up attacks.

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<v Speaker 3>Treasury Secretary Scott Besson says President Trump will take whatever

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<v Speaker 3>steps are needed to deny Iran the ability to project

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<v Speaker 3>power internationally.

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<v Speaker 6>Every day we are taking out their missiles, their missile systems,

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<v Speaker 6>and the factories that build those missiles. And now are

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<v Speaker 6>the General Kine Secretary Headsith are leading a campaign to

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<v Speaker 6>destroy all the fortifications along the Straits of Formost.

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<v Speaker 3>Treasury Secretary Scott Bessett appeared on NBC's Meet the Press

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<v Speaker 3>Heard Sundays on Bloomberg Radio. But Eurasia Group President Ian

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<v Speaker 3>Bremer says a prolonged war is not priced into the

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<v Speaker 3>markets yet.

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<v Speaker 7>This Iranian regime, if they wish, are going to be

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<v Speaker 7>capable of continuing to pose threats to anything that goes

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<v Speaker 7>through the Strait and to ongoing production and capability of

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<v Speaker 7>golf energy infrastructure.

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<v Speaker 3>So yeah, the Golf.

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<v Speaker 7>Is concerned about that, and they don't want the United

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<v Speaker 7>States to stop now having started the war, until that

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<v Speaker 7>is resolved in some way.

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<v Speaker 3>Eurasia Group President Ian Bremer was a guest on Bloomberg

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<v Speaker 3>This Weekend, airing every Saturday and Sunday at seven am

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<v Speaker 3>Eastern on Bloomberg Radio and Television and the Bloomberg Business App.

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<v Speaker 2>Well, Nathan, we are seeing major moves in the markets

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<v Speaker 2>as President Trump's deadline approaches. Right now, S and P

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<v Speaker 2>futures are down seven tenths of up percent. Stocks in Japan, China,

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<v Speaker 2>and Hong Kong fell more than three percent. South Korea's

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<v Speaker 2>Cosby plunged more than six percent. Despite today's sell off,

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<v Speaker 2>Bloomberg Markets Alive Executive editor Mark Hudmore says investors are

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<v Speaker 2>not fully pricing in the Middle East war.

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<v Speaker 8>The market continues to be far too optimistic because they're

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<v Speaker 8>focused on the fact that we always get a Trump taco,

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<v Speaker 8>you know. Geopolitical risk in the Middle East is always

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<v Speaker 8>a fade. We've got the mid terms come ups. The

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<v Speaker 8>US doesn't have any incent to continue going. They're all

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<v Speaker 8>based on the idea that the US has near unilateral

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<v Speaker 8>control over the conflict, which is not the case at all.

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<v Speaker 8>In fact, as Trump's threatened, the Weekend implicitly accepts it

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<v Speaker 8>is Iran who controls the stread of remoss and when

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<v Speaker 8>it will reopen.

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<v Speaker 2>And Bloomer's Mark Cudmore also noted precious metals are getting

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<v Speaker 2>hit today. Checking gold right now, Comas gold is down

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<v Speaker 2>seven percent, Spots silver is down almost six percent.

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<v Speaker 3>And global bond yields have risen to their highest levels

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<v Speaker 3>in almost two years.

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<v Speaker 2>Karen.

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<v Speaker 3>Here, in the US, yields are at their highest in

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<v Speaker 3>months on speculation the Federal Reserve may raise borrowing costs

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<v Speaker 3>to combat inflation. The specter of stagflation caused by the

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<v Speaker 3>Iran war has wiped out more than two and a

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<v Speaker 3>half trillion dollars from the value of global bonds this month.

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<v Speaker 2>Oil on to move again. It's higher and at checking

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<v Speaker 2>prices right now nim scrude oil up nine tenths of

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<v Speaker 2>percent at ninety nine dollars seven cents a barrel, while

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<v Speaker 2>Brent is at one hundred and thirteen dollars. The International

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<v Speaker 2>Energy Agency says more than three dozen assets in the

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<v Speaker 2>Middle East have suffered extensive damage. Here's Ia, Executive director

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<v Speaker 2>of fanti UROL.

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<v Speaker 9>We are following the damage on all the energy assets.

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<v Speaker 9>At least forty for zero energy sts in this region

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<v Speaker 9>are severely or very severely damaged across nine countries.

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<v Speaker 2>An Ia, executive director of Fanti Barrel says, in addition

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<v Speaker 2>to oil and gas, some of the vital arteries of

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<v Speaker 2>the global economy, such as petrochemicals, fertilizers and sulfur have

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<v Speaker 2>also been impacted.

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<v Speaker 3>Then, Karen, the CEO of one of the world's biggest

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<v Speaker 3>bank says, energy prices are likely to remain elevated. We

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<v Speaker 3>spoke with UBS Banking boss Sergio or Madi.

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<v Speaker 10>Energy prices are likely to stay high for the foreseeable future,

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<v Speaker 10>put in some inflation pressure and also some pressure on

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<v Speaker 10>the delivery chain or on the supply chain.

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<v Speaker 3>Ub As CEO Sergiyo or Madi says so far his

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<v Speaker 3>firm's customers are not making dramatic changes to asset allocation

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<v Speaker 3>as a result of the war.

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<v Speaker 2>Nathan, UK Prime Minister here Starmer will hold an emergency

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<v Speaker 2>meeting with his top ministers on the Iran crisis, and

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<v Speaker 2>we go to London and get the very latest of

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<v Speaker 2>Bloomberg's James Wilcock, James, good morning.

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<v Speaker 11>Good morning, Karen, Nathan UK. Gilt leals are hitting highs

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<v Speaker 11>not seen since two thousand and eight. Energy prices are

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<v Speaker 11>forecast to rise as much as twenty percent, and over

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<v Speaker 11>the weekend a UK military base was targeted by Iranian missiles.

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<v Speaker 11>Prime Minister Kissed Darma meets with the Bank of England

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<v Speaker 11>governor and other top officials later for crisis talks on

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<v Speaker 11>what can Britain do. He's been clear the UK does

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<v Speaker 11>not want to get drawn into the war in the

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<v Speaker 11>Middle East, but the economic consequence and says already on

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<v Speaker 11>Britain shows in London, James will Cook Blimberg Radier.

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<v Speaker 3>Okay, James, thanks for also following and developing storyback on

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<v Speaker 3>this side of the Atlantic. Authority say an Air Canada

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<v Speaker 3>flight collided with a Port Authority vehicle at New York's

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<v Speaker 3>LaGuardia Airport. The Air Canada Express plane from Montreal had

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<v Speaker 3>seventy six people on board. The Port Authority has confirmed

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<v Speaker 3>now the pilot and co pilot died in this collision.

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<v Speaker 3>The National Transportation Safety Board is launching a team to

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<v Speaker 3>investigate today, and a notice has been issued by the

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<v Speaker 3>Federal Aviation Administration that airport operations at LaGuardia will remain

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<v Speaker 3>suspended until at least two o'clock this afternoon.

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<v Speaker 2>Well Nathan, President Trump says ICE agents will be going

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<v Speaker 2>to airports today. As Congress continues debating a funding plan

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<v Speaker 2>for homeland security, the President named White House Borders Our

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<v Speaker 2>Tom Homan to lead the effort.

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<v Speaker 12>We're simply there to help TSA do their job in

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<v Speaker 12>areas that don't need their specialized expertise, such as you know,

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<v Speaker 12>screening through the X ray machine, not train that we

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<v Speaker 12>won't do that. Whether there are roles we can play

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<v Speaker 12>to release TSA officers from the non significant roles such

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<v Speaker 12>as guarding an exit so they can get back to

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<v Speaker 12>the scanning machines and move people quicker and Wright.

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<v Speaker 2>How sports our Tom Homan made the comments on CNN.

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<v Speaker 2>Hundreds of thousands of Homeland Security workers, including from the TSA,

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<v Speaker 2>Secret Service and Coastguard, have worked without pay since Congress

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<v Speaker 2>failed to renew DHS funding last month. Time Now for

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<v Speaker 2>look at some of their stories making news in New

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<v Speaker 2>York and around the world, and for that we're joined

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<v Speaker 2>by Bloomberg's John Tucker. John, good morning, and good morning, Caaron.

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<v Speaker 13>The US Supreme Court today will consider a case that

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<v Speaker 13>could up end key election deadlines in as many as

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<v Speaker 13>twenty nine states have drawn justices in the President Trump's

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<v Speaker 13>campaign against mail in ballots. Let's get more from Bloomberg's

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<v Speaker 13>Monica Ricks.

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<v Speaker 14>The case involves the Mississippi law that allows ballots to

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<v Speaker 14>be counted if they arrived shortly after election day, which

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<v Speaker 14>the Republican Party and the Trump administration say is incompatible

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<v Speaker 14>with federal law. This is part of a prolonged effort

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<v Speaker 14>by the GOP to keep control of Congress in November,

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<v Speaker 14>but critics say it would lead to chaos, including different

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<v Speaker 14>deadlines for congressional and presidential elections than for state and

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<v Speaker 14>local races. It could also suppress the votes of people

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<v Speaker 14>likely to support Democrats Monica Rix Bloomberg Radio.

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<v Speaker 13>Republican Senator Mark Wayne Mullen advanced toward confirmation as Secretary

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<v Speaker 13>of the Department of Homeland Security. It cleared a procedural

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<v Speaker 13>obstacle Sunday that put his nomination on track for a

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<v Speaker 13>final Senate vote earlier this week. The fifty forty thirty

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<v Speaker 13>seven vote signals the forty eight year old first term

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<v Speaker 13>Oklahoma senator, a former mixed martial arts fighter, a sufficient

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<v Speaker 13>support to be installed as leader of the Department. A

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<v Speaker 13>senior Cuban official said the country is preparing for a

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<v Speaker 13>possible military assault as President Trump increases economic pressure on

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<v Speaker 13>the government in Havana. The Deputy Foreign Minister Carlos Fernandez

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<v Speaker 13>to Cassio suggested in an interview on NBC's Meet the Press,

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<v Speaker 13>Cuba could be the next US target after Venezuela and Iran,

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<v Speaker 13>and London's Metropolitan Police have launched an investigation after four

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<v Speaker 13>ambulances belonging to the Jewish Community Ambulance Service we're sent

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<v Speaker 13>on fire in North London, Please said they're looking for

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<v Speaker 13>three suspects, though no arrests have been made. Global News

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<v Speaker 13>twenty four hours a day and whenever you want it

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<v Speaker 13>with Bloomberg Newsdal I'm John Tucker and this is Bloomberg Karen.

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<v Speaker 2>All right, John, thank you time now for our Bloomberg

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<v Speaker 2>Sports update, and for that you bring in John stash Hour.

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<v Speaker 13>Thanks Karen.

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<v Speaker 15>The NCAA tournament down to the sweet sixteen. The only

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<v Speaker 15>one or two seed no longer in the attorney last

0:10:37.040 --> 0:10:40.880
<v Speaker 15>year's national champions, the Florida Gators. They lost to Iowa

0:10:41.040 --> 0:10:44.840
<v Speaker 15>seventy three seventy two the Hawkeys. Alvaro Valgaris hit a

0:10:44.840 --> 0:10:48.000
<v Speaker 15>three pointer with four point five seconds left, a buzzer

0:10:48.000 --> 0:10:51.240
<v Speaker 15>beater for Saint John's Dylan Darnley the only points of

0:10:51.280 --> 0:10:54.080
<v Speaker 15>the game, and the Red Storm beat Kansas by two

0:10:54.400 --> 0:10:57.120
<v Speaker 15>to advance to the Sweet sixteen. Syracuse on the verge

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<v Speaker 15>of hiring a new coach Jerry McNamara. That to Bloomber

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<v Speaker 15>Sports Update.

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<v Speaker 2>Stay with us. More from Bloomberg Daybreak coming up after this.

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<v Speaker 1>Coast to coast on Bloomberg Radio, nationwide on Sirius XM,

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<v Speaker 1>and around the world on Bloomberg dot Com and the

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<v Speaker 1>Bloomberg Business app. This is Bloomberg Daybreak.

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<v Speaker 3>Good morning, I'm Nathan Hager. On day twenty four, the

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<v Speaker 3>US Israeli war with Iran, attacks and rhetoric are ramping

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<v Speaker 3>up once again head of President Donald Trump's forty eight

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<v Speaker 3>hour ultimatum to reopen the strait of hormones or risk

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<v Speaker 3>attacks on Iranian power plants. Treasury Secretary Scott Bessant was

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<v Speaker 3>asked how that squares with the President's talk of winding

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<v Speaker 3>down the conflict.

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<v Speaker 6>They're not mutually exclusive. Sometimes you have to escalate, Todascali.

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<v Speaker 3>That was Treasury Secretary Scott Bessant on NBC's Meet the Press,

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<v Speaker 3>heard Sundays on Bloomberg Radio. This morning, We're joined from

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<v Speaker 3>Dubai by Bloomberg Horizons anchor Jumani Bursecci and with us

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<v Speaker 3>this morning from Tel Aviv is Bloomberg News Israel Bureau

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<v Speaker 3>chief Ethan Bronner. Thanks to both of you for being

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<v Speaker 3>with us, and Jumana, I'll start with you just to

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<v Speaker 3>get us caught up with the latest on what is

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<v Speaker 3>happening in the Middle East, as it does sound like

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<v Speaker 3>the rhetoric certainly is ramping up along with the action.

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<v Speaker 3>Good morning, Good morning.

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<v Speaker 4>Yes, well, you just played some sound there from the

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<v Speaker 4>US Treasury Secretary squad Vessine, who is saying that it

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<v Speaker 4>may be necessary to escalate in order to de escalate,

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<v Speaker 4>and I should just caveat the ultimatum that President Trump

0:12:25.520 --> 0:12:29.280
<v Speaker 4>gave to the Iranians, with the fact that a few

0:12:29.280 --> 0:12:32.679
<v Speaker 4>hours before he'd said that they were thinking of winding

0:12:32.720 --> 0:12:35.280
<v Speaker 4>down some of their military operations in the region. So

0:12:35.320 --> 0:12:37.199
<v Speaker 4>there's a bit of a mixed messaging coming through from

0:12:37.200 --> 0:12:40.040
<v Speaker 4>the White House. That being said, the ultimatum that came

0:12:40.080 --> 0:12:43.800
<v Speaker 4>through at around seven forty four pm Eastern Time on Saturday, relevance,

0:12:43.840 --> 0:12:47.199
<v Speaker 4>of course, given the forty eight to hour deadline, is

0:12:47.240 --> 0:12:52.280
<v Speaker 4>to Iran to reopen the street without threats and if

0:12:52.320 --> 0:12:55.360
<v Speaker 4>not the US will hit and obliterate their various power plants,

0:12:55.400 --> 0:12:57.280
<v Speaker 4>starting with the biggest one first. So that's what he

0:12:57.320 --> 0:12:59.360
<v Speaker 4>put up in his truth social posts. But of course

0:12:59.360 --> 0:13:02.640
<v Speaker 4>the Iranians were quick to respond and they said that

0:13:02.760 --> 0:13:08.720
<v Speaker 4>the strait will remain completely shut and that if the

0:13:08.840 --> 0:13:11.080
<v Speaker 4>US were to go down the route of targeting their

0:13:11.120 --> 0:13:13.880
<v Speaker 4>power plants, they would strike back. They would target all energy,

0:13:13.960 --> 0:13:18.520
<v Speaker 4>information technology, and desalination infrastructure. They followed that up with

0:13:18.600 --> 0:13:20.920
<v Speaker 4>some comments put forward by the head of the parliament,

0:13:20.920 --> 0:13:25.120
<v Speaker 4>the Speaker of the Parliament, and he added that headquarters

0:13:25.120 --> 0:13:28.400
<v Speaker 4>and assets of financial entities that by US Treasury bones

0:13:28.440 --> 0:13:31.079
<v Speaker 4>are also legitimate targets. And then a couple of hours

0:13:31.120 --> 0:13:34.520
<v Speaker 4>ago we also got more rhetoric coming through from the

0:13:34.559 --> 0:13:38.200
<v Speaker 4>country's National Defense Council, also putting out a statement saying

0:13:38.200 --> 0:13:41.480
<v Speaker 4>that they're looking to not just mine around the Strait

0:13:41.480 --> 0:13:44.160
<v Speaker 4>of Hormos, but around the entire Persian Gulf. So you

0:13:44.160 --> 0:13:46.920
<v Speaker 4>can see that there is a lot of rhetoric coming

0:13:46.960 --> 0:13:49.800
<v Speaker 4>back through from the Iranians. The big question I think

0:13:49.840 --> 0:13:53.240
<v Speaker 4>over the next twenty four hours is whether the US

0:13:53.320 --> 0:13:57.240
<v Speaker 4>actually follows through on this threat, and equally, whether Iran

0:13:57.440 --> 0:14:00.360
<v Speaker 4>in turn will follow through on their own threat, which

0:14:00.400 --> 0:14:03.520
<v Speaker 4>is to strike at some of these key strategic sites.

0:14:03.559 --> 0:14:06.280
<v Speaker 4>And I will say, you know, the water, the desalination

0:14:06.440 --> 0:14:10.840
<v Speaker 4>infrastructure would take this war to get another statusphere because

0:14:10.880 --> 0:14:13.840
<v Speaker 4>so many countries in the region rely on the salinated water.

0:14:14.280 --> 0:14:14.520
<v Speaker 12>Well.

0:14:14.559 --> 0:14:18.520
<v Speaker 3>Alongside the threats from the US side Ethan, of course,

0:14:18.600 --> 0:14:22.000
<v Speaker 3>we're hearing reports as well that Israel is ramping up

0:14:22.000 --> 0:14:25.560
<v Speaker 3>its own attacks on Tehran. What's the latest from your perspective.

0:14:27.040 --> 0:14:29.800
<v Speaker 16>Yeah, look, I mean, I think Jamonis said it up

0:14:29.880 --> 0:14:34.240
<v Speaker 16>very very well. The Israeli is definitely flying over and

0:14:34.280 --> 0:14:39.840
<v Speaker 16>attacking Iran again. And my distinct impression is whether or

0:14:39.840 --> 0:14:42.520
<v Speaker 16>not there is a specific forty eight hour deadline that's

0:14:42.520 --> 0:14:45.480
<v Speaker 16>going to end in the next fifteen hours or so.

0:14:46.200 --> 0:14:48.320
<v Speaker 16>From the reporting I've been able to do in Israel,

0:14:48.360 --> 0:14:53.640
<v Speaker 16>the Americans are planning a fairly extensive operation to retake

0:14:54.000 --> 0:14:56.480
<v Speaker 16>the straight up war moves from Iran. It's going to

0:14:56.480 --> 0:14:59.560
<v Speaker 16>take some weeks. That's the message they're sending the Israelis,

0:14:59.600 --> 0:15:03.160
<v Speaker 16>and that's the idea that this war has been kind

0:15:03.160 --> 0:15:06.400
<v Speaker 16>of driven by Israel. Whether or not that was true

0:15:06.440 --> 0:15:08.720
<v Speaker 16>to begin with, is I think shifting now and it

0:15:08.800 --> 0:15:12.600
<v Speaker 16>is now the US that's getting out front with the attacks.

0:15:12.880 --> 0:15:17.160
<v Speaker 3>That raises the question of whether the US is preparing

0:15:17.320 --> 0:15:21.000
<v Speaker 3>for a ground operation to retake the Strait of Horror

0:15:21.000 --> 0:15:25.760
<v Speaker 3>moves and how Iran might respond to that. Jumana, what's

0:15:25.800 --> 0:15:26.880
<v Speaker 3>the perspective there?

0:15:28.120 --> 0:15:30.800
<v Speaker 4>Yeah, Well, our own reporting suggests that the US is

0:15:30.920 --> 0:15:34.480
<v Speaker 4>weighing off the possibility of taking over Kark Island. And

0:15:34.560 --> 0:15:36.520
<v Speaker 4>I should just mention for anyone not familiar with the

0:15:36.520 --> 0:15:39.320
<v Speaker 4>geography that Kark Island is a lot more north than

0:15:39.360 --> 0:15:41.880
<v Speaker 4>the Strait of Hormus. To actually get to Krk Islands,

0:15:41.920 --> 0:15:44.800
<v Speaker 4>you need to pass through the strait if you're sending

0:15:44.840 --> 0:15:50.320
<v Speaker 4>amphibious vessels to that part of the region. But that aside,

0:15:50.560 --> 0:15:53.480
<v Speaker 4>that would you know, as Ethan just spoke about and

0:15:53.760 --> 0:15:57.520
<v Speaker 4>imply yet another level of escalation in this conflict, because

0:15:57.560 --> 0:16:02.280
<v Speaker 4>also alongside that reports that the US are also planning

0:16:02.280 --> 0:16:05.400
<v Speaker 4>on sending around two and a half thousand, possibly three

0:16:05.440 --> 0:16:08.760
<v Speaker 4>thousand Marines i e. Ground troops to the region as well,

0:16:08.800 --> 0:16:12.520
<v Speaker 4>which would imply that what they are attempting to do

0:16:12.600 --> 0:16:17.080
<v Speaker 4>here is twofold. There are two objectives the ongoing military operations,

0:16:17.120 --> 0:16:22.960
<v Speaker 4>the airstrikes that are targeting Iran's both offensive and defensive capabilities,

0:16:22.960 --> 0:16:27.800
<v Speaker 4>but alongside that looking at ways to forcefully reopen the strait,

0:16:28.160 --> 0:16:31.280
<v Speaker 4>and from what we understand from our own reporting, it

0:16:31.360 --> 0:16:34.480
<v Speaker 4>will take them a couple of weeks to degrade Iran's

0:16:34.600 --> 0:16:39.120
<v Speaker 4>offensive capability sufficiently so that once the Marines and the

0:16:39.360 --> 0:16:43.200
<v Speaker 4>extra ar Mada that arise to the region gets there,

0:16:43.640 --> 0:16:47.240
<v Speaker 4>it won't be as exposed to as much of a

0:16:47.360 --> 0:16:49.720
<v Speaker 4>risk as it would be if, say they were arrived

0:16:50.080 --> 0:16:51.240
<v Speaker 4>were to arrive today.

0:16:51.600 --> 0:16:51.880
<v Speaker 13>Ethan.

0:16:51.920 --> 0:16:54.600
<v Speaker 3>There's certainly a lot of attention right now on this

0:16:54.760 --> 0:16:58.080
<v Speaker 3>ultimatum from the President over the weekend for Iran to

0:16:58.160 --> 0:17:02.160
<v Speaker 3>reopen the straight At this point, does it seem as

0:17:02.240 --> 0:17:07.000
<v Speaker 3>though the US goals in Iran are aligned with what

0:17:07.119 --> 0:17:08.680
<v Speaker 3>Israel is putting forward right now?

0:17:11.920 --> 0:17:14.960
<v Speaker 16>I don't see a huge gap. I mean, I you know,

0:17:15.200 --> 0:17:20.119
<v Speaker 16>what's clear is that assuring freedom of navigation through horror

0:17:20.160 --> 0:17:24.280
<v Speaker 16>moves is a much bigger American goal than an Israeli goal.

0:17:24.359 --> 0:17:28.400
<v Speaker 16>So the Israelis have set for themselves three goals here

0:17:28.440 --> 0:17:32.280
<v Speaker 16>the nuclear, the ballistic, and the proxies and making sure

0:17:32.640 --> 0:17:36.040
<v Speaker 16>that around can't be a threat again to it. I

0:17:36.080 --> 0:17:39.800
<v Speaker 16>think that there is I can't say that the Israelis

0:17:39.840 --> 0:17:43.800
<v Speaker 16>are unhappy with an approach to the Strait of Horm moves,

0:17:44.080 --> 0:17:47.159
<v Speaker 16>although there is some chatter in Israel which says, you know,

0:17:47.520 --> 0:17:51.160
<v Speaker 16>that's taking us somewhere else. Let's stay focused on our

0:17:51.560 --> 0:17:54.439
<v Speaker 16>the goals that we've set for ourselves here. But you know,

0:17:54.560 --> 0:17:57.639
<v Speaker 16>I think the Israelis are so grateful and so amazed

0:17:57.680 --> 0:18:03.720
<v Speaker 16>to have lockstep US military operation against Iran that there's

0:18:03.960 --> 0:18:07.080
<v Speaker 16>very little carping underway. And I don't you know, I

0:18:07.119 --> 0:18:09.200
<v Speaker 16>really don't see a lot of daylight there. I see

0:18:09.200 --> 0:18:11.399
<v Speaker 16>an enormous amount of cooperation.

0:18:11.720 --> 0:18:14.600
<v Speaker 3>We're speaking with Ethan Bronner, our Israel bureau chief for

0:18:14.600 --> 0:18:18.200
<v Speaker 3>Bloomberg News in Tel Aviv, and Bloomberg Horizons anchor juman

0:18:18.280 --> 0:18:22.119
<v Speaker 3>and Borsecci with us this morning from Dubai. Jumana. We

0:18:22.160 --> 0:18:24.720
<v Speaker 3>heard over the weekend from Treasury Secretary bess And that

0:18:24.840 --> 0:18:27.520
<v Speaker 3>the goal, as far as the US strikes in the

0:18:27.520 --> 0:18:32.480
<v Speaker 3>Strait of Horror moves is to degrade Iran's fortifications around

0:18:32.520 --> 0:18:37.120
<v Speaker 3>the Strait, seeming to be specifically focused on that choke point.

0:18:37.280 --> 0:18:41.960
<v Speaker 3>Does Iran continue to have control over the Strait at

0:18:41.960 --> 0:18:42.920
<v Speaker 3>this point?

0:18:43.640 --> 0:18:46.240
<v Speaker 4>Yeah, So this is the thing. So the Iranians maintained

0:18:46.320 --> 0:18:50.160
<v Speaker 4>that the street is not closed, but it is effectively

0:18:50.400 --> 0:18:54.400
<v Speaker 4>closed because it's under Iranian control. And we've been reporting

0:18:54.400 --> 0:18:56.800
<v Speaker 4>our energy colleagues have been reporting over the last week

0:18:56.840 --> 0:19:00.480
<v Speaker 4>that a certain number of vessels have trickled through the strait,

0:19:00.520 --> 0:19:04.760
<v Speaker 4>but most of them are Iranian aligned or headed towards

0:19:04.880 --> 0:19:09.240
<v Speaker 4>strategic buyers for Iran, so towards China or India or Pakistan.

0:19:09.280 --> 0:19:11.920
<v Speaker 4>But they would have received pre approval from the Iranians

0:19:11.960 --> 0:19:14.400
<v Speaker 4>to get through the straits, So ultimately, you know, they're

0:19:14.440 --> 0:19:18.359
<v Speaker 4>still effectively controlling who passes through, and they've spoken about

0:19:18.400 --> 0:19:22.480
<v Speaker 4>one of their conditions to come back to the negotiating

0:19:22.520 --> 0:19:24.879
<v Speaker 4>table is to discuss the future of the Straits and

0:19:24.920 --> 0:19:30.960
<v Speaker 4>perhaps introducing a new policy or framework by which vessels

0:19:30.960 --> 0:19:34.640
<v Speaker 4>can pass through. Obviously, you know, having Iran maintain control

0:19:34.720 --> 0:19:37.960
<v Speaker 4>over it is not something that's acceptable mostly to Golf

0:19:37.960 --> 0:19:40.720
<v Speaker 4>States as well, given the line's share of their own

0:19:40.800 --> 0:19:43.439
<v Speaker 4>oil products passed through the straits, and it's something I

0:19:43.520 --> 0:19:48.000
<v Speaker 4>also think that means, you know, from the Golf States perspective,

0:19:48.840 --> 0:19:52.640
<v Speaker 4>they want to ensure looking ahead that once this war

0:19:52.720 --> 0:19:56.160
<v Speaker 4>is over, we do end up in a circumstance where

0:19:56.240 --> 0:20:00.280
<v Speaker 4>the Strait is not effectively still controlled by Iran, that

0:20:00.440 --> 0:20:03.959
<v Speaker 4>they're aill can flow through it without being administered by

0:20:04.000 --> 0:20:04.920
<v Speaker 4>Iranian officials.

0:20:06.160 --> 0:20:09.600
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