Will add to that sanctions countries a still managing to get crude to customers by offloading at sea and switching off tracking devices who better to pick all this up with than rajat kapoor managing director of oil and gas at a. W. I. Lloyd thanks for being with us roger so what needs to happen to bring tanker prices down should we be concerned here whos shouldering the cost. Obviously a big effect on the tanker prices and the way it is and where they are today has got to do with the current sanctions that the u. S. Administration has put on iranian crude in order to prevent offloading often include in the high seas in order to stop at least do it to the bare minimum export of group to china the u. S. As you know last month in order to sanctions on the tanker subsidiaries of costco which is a China Shipping line and in the largest shipping line in the world so once you have the sanctions coming in from the u. S. On these entities on these particular bang. Because they suddenly become part kicks nobody wants to touch these tankers and this these wounds are then taken out the International Treat and thats thats thats a substantial piece of hardware that goes out and obviously supply to. The place or shoot up weve also got to laze that its not just the china connection there are there are other aspects to the increase in tanker trade as well as you know the venezuelan sanctions are also in place similar to a union crew doing venezuelan crude are all sort of under the lens of that put away another piece of get out of circulation and as you know that i am or 2020 others had to kick in in the next 3 months which basically means that the ships need to adhere to or rather stricter level of pollution control so a good number of ships have actually in the docks and theyre going in blob grid scrubbers and things like that so all these things things put together is what is currently impacting the rise in the tank afflicts is that cost of that increase in cost being passed on to the likes of you and i obviously the crude transporter or are those that are finer that is taking the crude once hes got to pay an additional cost to ship his crude hes going to mark his products the final end product that comes out of the refinery the gasoline the petrol the l. P. G. At a higher cost which you and i have to pay unfortunately iran has always said that it has the means to get oil on the market in spite of the sanctions there is a lot of sanctions busting going on here how is that happening. Youre going to realize i mean even if you look back 304050 years in in history the informal trade. The informal crude sales whether it was a barter system or totally off market sale of crude has always existed in iran from the times of the shah in the seventys when iran was producing at its peak at about 6000000. 00 barrels of crude there were always barrels that were available off the coast of iran north of the coastline of the arabian gulf states where crew was sold informally of course that was and that has continued to list it if you were to stand on any any one of the gulf states along the coastline and with a high powered by knockers you you could even today see these small barges having 203040000 barrels of crude which was obviously iranian in origin and it was being sold at high seas so iran has always found a way to get its crude to sell its crude our way from the eyes of the formal market as it were of course this this crude was either pull forward was either. Siphoned off given the seepage is in the iran supply chain but now what were seeing is a surface if not sponsored state sanctioned sale of iranian crude. From the prying eyes ok of. This happening by means of high seas. Things like that help me understand this then then the sanctions are concerned iran is still able to trade with any anyone who wants terms of oil its just that the payment cant be in dollars is that how the sanctions work so its ok for them to come offshore and offload from one tanker to another as long as the payment is due in dollars the most kind of strange and aspect of the sanctions that came in early early last year was section 1245 of the n d 8 the National Defense authorization act which actually imposes penalties on Financial Institutions which are in any way connected with getting united including that includes banks Financial Institutions lenders and government treasuries as well so. Iran has the crew and whilst there is a huge appetite at least amongst consumers to take that group very few people are reluctant to get that crude into their refined into their inventor is undefined reason because its difficult to pay for it how do people get on for the longest time never accepted dollars that they had benchmark in yours of for the longest time any even when the sanctions were not there and i. O. C. And i. D. C. Always dealt in your d daughters today even that is difficult iran is today selling its good its down from 3 and a half 1000000 barrels for millions battles a day it was about 3000000 barrels a day earlier this year even today by most estimates they are still selling pour 100000 odd buttons of every day are a lot of that is is money that is it augured away from International Banking tons. Some amount of it is done in barter system. White boards i pads. I phones washing machine the likes and it is a good amount of good that its got only being stored on credit by the iranian government in the hope that when the sanctions go theyll be able to engage that iou fascinating many thanks david being with us really good to talk to you im counting the cost thank you agent good to be. There for years the u. S. Has complained that the e. U. Has illegally subsidized airbus putting the american plane manufacturer boeing at a financial disadvantage now the World Trade Organization agrees and it says the u. S. Can impose 7. 5 1000000000. 00 in tariffs on a wide range of european products in response those tariffs which have just kicked in at a drop in all of oil prices a putting spains all of industry under enormous pressure and zeroes Charlie Angela looks at the repercussions of those tariffs on the families that the penned on olive oil exports for their livelihood. Harvest time in spain should be a time for celebration on of this year its a time of anxiety as they shake down the trees the u. S. Is imposing a new 25 percent import tax on that olive oil tax to decimate this 5th generation Family Business unable to compete with cheap imports. Getting into. The vessels that are carrying spanish all of oil to the states havent even reached their destination so whats going to happen they were sold before these tariffs were a threat so pushing a 25 percent margin on top of this will kill our competitiveness. Spain is the Worlds Largest producer of all of oil exports to the us a worth 440000000. 00 but those working in the fields have not had it easy lately last years record harvest caused all of oils Purchase Price to plummet by 34 percent and more and more countries are planting their own articles joining the market piling the tariffs on top of this could lead to collapse i. Last week thousands of out of workers took to the streets of madrid demanding the e. U. Push back on the new terrace and prop up the industry and say they dont understand why nick grimm and the politicians had with us should penalize their products. We think its very unfair because the Agricultural Sector acts like a Monetary Exchange for other industries that have nothing to do with the sector in this case is the aeronautical industry which has nothing to do with us what other producers are already feeling the squeeze around 845000000. 00 worth of spains agricultural exports will face us tariffs the e. U. Warns it will retaliate with its own import taxes if they win that parallel case against the us next year it will have the makings of a texas trade war. Calling on the government to tackle the issue of marine pollution they say the poor quality of seawater of course the huge financial losses aljazeera sora slowly reports the state of. There have been fish farms here at the mouth of the korean river in penang northern malaysia for more than 40 years but owners say the quality of the seawater is degrading and they believe that is causing their fish to die and they blame a nearby landfill for polluting the water. We depend on the sea for living if all fish can survive we are going to have to shut the farm if theres no fish in waters will be out of job its role on the northern shores of penang island. Says his caged fish has been dying as well he too blames the Water Quality the State Government says the polluting of sea water may be caused by runoffs from an illegal quarry operated by Marine Research as say the increase in jellyfish off the coast of penang is an indicator that the sea water is becoming more polluted but say their studies suggest that thats not enough to cause fish to die as the same basic know is difficult for us to actually pinpoint on one factor the ocean is a very dynamic environment. Is the ball and. Affects as well as. The Climate Change that causes course the pollution. Its not just those in the fishing and Aquaculture Industries who are affected. Freighters as well as hoteliers tell us that on some days the pollution from this river is so bad that a foul smell hangs in the air and the water turns into a dark almost black color on those days they tell customers to avoid swimming in the sea. The local government says residents have to do their part and if so cross illegally sashi into addictively system the people does not do the offer duration theres a point to the 3 system and to quote the whole system that the people here tell us that they dont think enough is being done to ensure theres proper and vironment are monitoring north tackle coastal pollution in bangladesh steel prices are soaring and its mainly because of the trade war between the us and china its having a knock on effect on the rest of the economy with house prices skyrocketing and construction taking a his on their child has more now from the time of tony. Small Home Builders are the hardest hit the shop owner lives with his extended family next door to where his future home should be taking shape been done wrong. Building a roof needs a lot of rods if the prices were like before it would be done by now but with steel prices shooting up work on building our home a lifelong dream has stalled now we wait for the prices to go down. Bangladesh relies on importing scrap metal from the us to make steel rod which are the backbone of the New Buildings but they have become more expensive to build because they import costs have risen. President trans trade war with china is impacting bangladesh just silly industry which imports a significant amount of scrap iron from the United States protectionist measures taken by the Us Administration is reducing supply and increasing prices and so the cost of constructions have gone up in bangladesh. The capital dhaka is the heart of the still drug market still traders say business is bad and on accomplished im a little bit like yes theres an impact with sols almost coming to a halt people who are planning to build a home a very cautious now as i have to pour in money while the market is volatile. Some still traders are stockpiling stocks betting prices will rise when or if the trade war eventually ends yes the price is changed. Why are writing more on speculation and when it went up sharply president trams tariffs are costing poorer countries as well his own and china theres been a construction boom in bangladesh over the past 20 years or so but the high price of Construction Materials such as steel are threatening to start a recent economic growth. Show for this week if youd like to comment on anything youve seen. You can tweet me im at a finnigan on twitter please use the hash tag a j c t c when you do or you can drop us a line counting the cost of aljazeera dot net is our email address as always theres more for you on line of aljazeera dot com slash c. T. C. That takes you straight to a page and theyll find individual reports links even and tie episodes feels a catch up. But thats it for this edition of couse in the costs im adrian for the good from the whole team here in doha thanks for being with us the news on aljazeera is next. To strengthen the good you have to show do good all the more with you come still fight against corruption. This fight needs heroes heroes like no who are abandoned who refuse to 15000000 dollars brian the achievement of heroes like him showcase by the International Ace award it shines a light on these heroes because the best way to find a dark used to shine a light lets make the road to bed to please nominate your Anti Corruption near 0. I will not negotiate a delivery with. A defiant Boris Johnson says he will push on with getting his brakes it deal through the u. K. Parliament despite m. P. s scuppering his efforts to pass it this is tens of thousands marched through london demanding a new brakes at referendum. Hello im Maryam Namazie in london youre with aljazeera also coming up on the program. Thousands keep up the pressure on lebanons government with a day of protest against the political elite despite chiles president deploying troops after a night of on rest in santiago more clashes breakouts. And police in barcelona brace for more trouble off to several nights of violence over the jailing of catalan separatists leaders. The u. K. s Prime MinisterBoris Johnson says he wont negotiate another brick sit delay with the e. U. Despite m. P. s thwarting his efforts to pass his new deal the government now hopes to put the withdrawal deal to parliament on monday after m. P. s backed an amendment that delayed the vote on the agreement what triggered a law which forces johnson to ask the e. U. For an extension of the october 31st breaks it deadline by the end of saturday over in brussels the European Commission says the u. K. Must now informative its next steps as soon as possible meanwhile thousands of people have been protesting here in london demanding a 2nd breaks it referendum paul brennan now reports on johnsons defeat in parliament. The 1st saturday sitting in 37 years and with just 13 days until the bronx it deadline there was the expectation of a day of high drama in Britains Parliament it certainly proved that Prime Minister bonus johnson knew he needed the support of 320 m. P. s to win parliamentary approval for the brics a deal agreed on thursday with the e. U. And he knew it would be tight there was a feverish atmosphere in the chamber. This agreement provides for a real breakthrough taking back control of all holders laws money farming fisheries and trade this government cannot be trusted and these benches will not be due. Without parliaments approval for his deal johnson would be forced by a law known as the ban act to ask the e. U. For a further delay to brechts it something mr johnson has expressed the opposed to doing so when the government lost a preliminary vote on the left when amendment 53222306 Prime Minister immediately withdrew the governments main motion called a halt to proceedings there was uproar i will not negotiate a dilemma with the e. U. And neither does the law compel me to do so i will tell our friends and colleagues in the e. U. Exactly what ive told everyone in the last 88 days that i have served as Prime Minister but further than they would be bad for this country. And bad for democracy i invite him to think very carefully about the remarks he just made about refusing apparently to apply for the extension which the e. U. Number 2 act requires him to do. This was billed as a day of reckoning but as has happened so often in this torturous and extraordinary bricks at. Yes there is drama and there is brinkmanship to the last chorus is not far off getting what he wants and a number of labor members of parliament are under huge pressure neck constituencies to listen to people who voted leave and thats the challenge for the labor party as well as the country johnson says he intends to bring the bracks deal back to parliament for a vote on monday if the speaker allows it day of reckoning mark to paul brennan aljazeera westminster. Wendell bomba has more on more from brussels now on the reaction to events in westminster on monday the brics it Steering Group of the European Parliament will discuss the latest developments theyre not going to ratify the deal until the Westminster Parliament has done so and if they cant do so in the coming week then next get together will be mid november and on saturday the irish he should call Prime Minister leo varadkar tweeted that any request for an extension would have to be looked at and agreed unanimously by all 27. 00 heads of state and government behind but theres a feeling that nobody here wants to get into any kind of renegotiations in but also theres no appetite for a no deal brets it in chancellor merkel of germany privately told her counterparts that if it came to it to avoid a no deal bracks at the end of october it would be inevitable that theyd have to grant britain a brick sits an extension so the feeling is that most leaders are trying are hoping desperately that somehow they can coerce the British Parliament into approving that deal but if they cant to avoid a no deal breaks it which would harm the economic interests of the member state of the republic of irelands they would have to grant an extension when it came down to it. Thats now across to anderson and his outside the houses of parliament and westminster and andrew in just the last few minutes a line coming in here that Prime MinisterBoris Johnson has written a letter to m. P. s saying that he will tell the e. U. That any further delay is not a solution. Thats absolutely right mary that letter is going out weve just heard this another act of defiance there hes very much bordering on legal not legal on this whole issue issue of the ban act because technically he should right now be preparing a letter to go to brussels requesting an extension of the deadline through to a january next year during the 31st however hes maintained this line that he can carry on that he doesnt believe its in anyones interest to delay it is not a solution and hes pushing that he does have are lies in the European Union theres no doubt about it but after the dialogue on thursday when the deal was done there was some sympathy and indeed theres definitely sympathy in france from president macron about a delay but but many strategies sit down in st form a strategy is one of them Chris Wilkins believe it isnt too damaging on the Prime Minister whats happened on what was supposed to be Super Saturday but was anything but this is what Chris Wilkins had to say. Really if you step back and look at what happened from what we too disappointed fundamentally looks like you probably have the numbers for his deal it was just that he never got to actually have the vote because of this amendment has been passed so the keno forrestals needs to move quickly trying now gets a clean vote on his deal so that it gets to express its will one way or the other and then build momentum very quickly behind if theres any further delay if you cant have that clean vote if we dont get into moving legislation then it starts to get messy because m. P. s will stop polling of the details of the last thing he wants. And does it look as though we are going to get into a period where m. P. s will have more of a chance to pore over the details as well wilkins was saying that and to really scrutinize what could be in this legislation and its potential implications. Well thats what many m. P. s want to do but there is this dynamic now to get things done and johnson is pushing that line along with the rest of his cabinet hes trying to push this through he thinks its possible to do before october the 31st deadline he wants to push this through Parliament Next Week john bercow will be ruling on monday as to whether or not that can be a passage of this this motion. On on monday or whether or not the legislation has to go through 1st before it can take place now there will be scrutiny undoubtedly that many employees are unsatisfied with the level of assurances on or working time directive on labor law on the environment there is no Economic Forecast thats been sought on what this deal will will could possibly meet with in the way of economic troubles a possible recession compared with the other deal which didnt include a backstop so. Did include the backstop should i say so putting that backstop out of it has replications it could economically and then there is the further question that once this deal is done there has to be a Free Trade Agreement that deals have to be done there has to be negotiations with the European Union a lot of people forget this but massive deals going on why their way up until december 2020 when thats the cutoff point could there be a crash out then with no deal and going to the w t o the World Trade Organization canada took 7 years to organize its deals how long will the u. K. Take there is a lot more to be done and the feeling is one of great uncertainty right now. Thank you very much anderson in westminster. Well as we were hearing that tens of thousands of protesters gathered in Central London to demand a 2nd referendum people travel from all over the u. K. To attend this march which was the 4th of its kind since britain of you in 2016 or a challenge was that. Was. There something that. You know. Its fair to say demonstrate is that the peoples vote march dont like bricks it much cuts in the city. Like to. Take a stand to speak to the. Wife that. 7 they turned out in their hundreds of thousands in london hoping m. P. s voting on Boris Johnsons breaks it deal in parliament would hear them because we dont we want to peoples vote the current deal is appalling so no deal is bad yes this deal is back yes the only thing you like is im a right i want to go back to the people and if the people in that sense we still want to leave youd be happy with that would you much happier but of course most hope a 2nd referendum would overturn briggss particularly if they leave a vote could be split between Boris Johnsons deal and no deal why you hear what im french so we has with you know i lived here 50 years where does raise my children have paid my taxes i do voluntary with them and im treated like a 2nd class citizen for a deal thats been the right for the economy and the future of my children we have stood up he. Was but m. P. s didnt reject Boris Johnsons deal and they havent given the country a 2nd referendum or all they have done is pass an amendment which requires Boris Johnson to request a break sit deadline extension of 3 months because to the right 322 the news to the left 306 so the cards have it the eyes have it on the out. And he breaks it demonstrates his its taking this is a battle