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In 2 hours we can get it on join us in the rest of Central America about the same time but more importantly is where those 2 cultures north and south america beats of to teach a great its a very important place for aljazeera to be peace between ethiopia and eritrea has meant to park areas future for the iraqi people here a shame that it doesnt we have to create farmland for ourselves for arabs its a matter of survival. A move a trend shows us how the iraq coping with life on the edge of the border. My ethiopia on aljazeera. The kickout grows of toga. Defenseless against the women 7 Different International marketplace. And political activist on a mission to establish a cooperative to make can sell chocolate on their own terms. Of power. A taste of independents on aljazeera. 0. Hello i missed on the attack and this is the news out live from doha coming up in the next 60 minutes. Oil prices registered the highest rise ever in futures trading after the attack on saudi oil facilities. Counting is underway in tunis is 2nd president ial election since the arab spring some candidates claim a lead in the polls. A rough ride for General Motors says as nearly 50000. 00 workers plan to go on strike. And thousands of protesters define a police to demand democratic changes in hong kong. We begin this news hour with breaking News Crude Oil Prices have registered the biggest rise ever as the Global Oil Markets face a sudden disruption after attacks hit the heart of Saudi Arabias Energy sector now futures trading and asian markets suggest the biggest increase in prices since trading began in 1988 riyadh is a racing to restore its Oil Production which has been cut to hamas after drones targeted the heart of its Energy Industry demonstrate the rebels say they carried out the assaults but the u. S. Is blaming iran says its not responsible President Donald Trump says he has authorized the release of oil from their Strategic Petroleum reserve to keep the markets well supply as. Well as the markets will open in the coming hours but for now lets talk to ben donna who is live in singapore she is the founder and c. E. O. Of vanda Insights Fund out of this is the 1st time markets will open off to the attacks and were already seeing some pretty dramatic price surges on crude i see 19 percent just in the last hour and early trading in singapore where you are whats likely to happen as the exchanges actually open. Good morning from singapore we have had about one hour of trading now on monday morning and singapore and i see right now brant is about 68. 00. Just under 61. 00 both up trading up 10 to 14 percent from going to close on friday it was quite interesting to watch the 1st few seconds that the markets opened about one hour ago or brant at one point climbed the 11. 00 is that it was on on friday so clearly this is a big supply shock for the market to be looking at close to 6 percent of the Global Supply that has been shut and of course the saudis have said that they hope to restore at least a 3rd of close to about 2000000 barrels a day of production today but again you know thats not an official statement and i think the market is going to be quite a bit of a wait and watch mort and of course theres going to be a lot of nervousness and i expect plenty of volatility in trading as well event on a mid all of this nervousness this is now apparently the west disruption ever even less than in 1990 when iraq invaded kuwait and and all of this is happening while there are signs of a Global Economic slowdown took us through the dynamics of all this absolutely one of the worst now weve had a major disruption that outages supply loss from iran from going to do a lot you know what the market when it looks back thats what it can find in terms of supply disruption examples but then you know we had about 2000000 bottles but the iranian supply out of the market as a result of u. S. Sanctions we had more than a 1000000 barrels of day of venezuelan supply that have gone out as well but this has a lot of those have happened over several months both of those have been highly anticipated event it was well known so that the market always typically has a coping mechanism for that. Something like this you know this magnitude being taken out of the market just like that you know in a matter of one day its huge its going to cause a lot of volatility not just because of the amount of. Supply lost but also because theres just not enough information coming out of saudi arabia officially and i think you know thats going to be quite concerning for the oil markets well as you say saudi arabia is trying to get everything back on line and it also says it has stockpiles to keep the oil flowing and now were hearing also from the u. S. Too that as you say this is Something Like 5 to 6 percent of of Global Supply affected here how quickly can saudi arabia restart the whole to production and in the meantime with the u. S. And saudi both saying that they are going to release stockpiles is that going to be enough to stabilize the markets. So in the absence of details on how much the tool processing plants the fields are affected we talking about a cake which has 7000000. 00 Barrels Per Day of oil and Gas Processing capacity we know we you know what the market is going by is video and photographs of huge fire smoke and of course what we know that there was a silence strike what the market doesnt know is the extent of damage and oil and gas facilities a complex he which plants sometimes you just have to wait for every molecule of hydrocarbon to burn out before you can even access the facility to assess the damage so how long are the depends going to take and all of these questions for now the market just have questions for the nonce of in terms of onset and solutions for this as you alluded to of course the most obvious quick fix but this is going to be releasing stock from strategic stockpiles which of course has been that we see the countrys a big chunk of it has in the u. S. And i think that is probably what to be going to see in the coming days were going to see pledges followed by actual releases of oil from suddenly i expect from the u. S. And perhaps from the european or you see the countries about i think that should help offset some of the supply outage that to be i think expected to last for at least a few weeks before the production returns to normal i want to ask you a little bit more about that supply because saudi arabia was the largest producer of crude an organist behind the u. S. And russia are we likely to see things changing on the supply side fatso the that oil produces. So aside from the release of stocks you know which has happened several times in history and effectively address such situations obviously the market is going to now wonder could the opec non opec producers temporarily suspend their production cuts now to my mind it is a possibility to my mind probably it will not be the 1st to go to option because its always hard to get opec producers back to come you know once they have started producing more and then of course the big question is bad will be supply come from yes russia the biggest producer of it in that opec nontypical abberation has a bit of spent capacity some of the saudi arabias middle eastern neighbors doing kuwait have some Spare Capacity but its really the biggest chunk of crack about a city that just contains an opec a little over 3000000 barrels a day more than 2 thirds afraid i would say 3 quarters of it in saudi arabia alone so you know thats not going to be an easy solution and its going to be an imperfect solution as well thats been done a hiring line for us and singapore the c. E. O. s vanda insights thank you for your thoughts on out of there at the smoking thank you well lets now speech our correspondent capitalism to who joins us live from washington d. C. Well gabriel weve been hearing President Trump say that the u. S. Will release these Strategic Petroleum reserves to stabilize markets if need be do you see that happening. Its really hard to say i mean he said that hes willing to authorize releasing the Strategic Oil reserves these are billions of barrels of oil that the us has stored underground primarily in the state of texas these are all oil reserves that could provide all of the oil energies for the United States for about one month or so theyre meant to be used only in extreme emergencies but just the fact that the president is coming out and saying that he would authorize those if necessary just shows you how serious the u. S. Government in washington is taking this Current Crisis in saudi arabia in this potential shortage of oil unclear if they will move forward quite frankly and release these reserves but again its being talked about in washington and just the fact that it isnt the president saying that he would authorize it just goes to show you how worried washington is about Current Events in saudi arabia and world oil supplies right now indeed and gay but i believe the president has also very recently just tweeted and saying that the u. S. Has reason to believe who is responsible for this saudi oil attack is locked and loaded that that appears to be an escalation of tensions and what whats likely to happen now. Yeah the president did tweet just in the last couple minutes actually and hes really honing in on exactly how he sees this situation playing out i mean its important areas for he said the president noted straight tweeted just a couple minutes ago Saudi Arabia Oil supply was attacked there is reason to believe that we know the culprit are locked and loaded depending on verification but we are waiting to hear from the kingdom as to who they believe was the cause of the attack and under what terms we should proceed that was the tweet from President Donald Trump just a few minutes ago he did not indicate who he or the saudi arabia thought was behind the attack at least not in this tweet but secretary of state my pompei it was said on sunday made it very clear left very little the imagination pompei was saying quite frankly that iran was behind the attack without giving any evidence to back up that claim but clearly the thinking in washington at least by pompei oh is that iran was behind the attack but no evidence to that its also important to what were talking about iran the president also just tweeted just in the last couple minutes and he tweeted a response to reporting or speculation that donald trump was prepared to meet with iranian leaders to discuss all of this the president United States donald trump just tweet in the last couple minutes he said reporting by what in his terms the Fake News Media that im prepared to meet with iran under no conditions the president ited states tweeted this is an incorrect statement so donald trump clearly saying late here sunday evening that he is not planning any any up plans to meet with any iranian leaders and putting to rest any speculation on that and gave weve had really Strong Language out of the white house and the state department is military action potentially still on the table. It is i mean you just saw that from the the present in ited states thing that were locked and loaded i now President Trump likes to use very dramatic languages we know i used or with north korea and others as well but certainly a anything as really on the table quite frankly we saw clearly Strong Language or again for a mama a pompei oh about this listened this is a clear escalation here and quite frankly its a very dangerous escalation of rhetoric here in this goes right to the they us key interest when it comes to saudi arabia it comes down a saudi arabia and oil and and also visa ve iran and when you see the u. S. Secretary of state saying that iran is responsible for attacking oil Oil Infrastructure in saudi arabia key ally to the United States that is clearly a worrisome for the United States on multiple levels so a clear ramping up of the rhetoric no indication that the u. S. Is taking off the table