Joining us from new york this morning, antoine hope, hes a Senior Research scholar at columbia universitys center on Global Energy policy. Here to talk about oil prices. While were experiencing these tensions with iran. So, mr. Hope, lets begin with the history of the United States getting its oil from the middle east. Tell us about that. Right. Well, the volumes that are imported from the middle east have decreased dramatically in the last few years with the increase in election. But, in fact, the middle east has never accounted for very dramatic share of u. S. Imports. There was a time when there were significant imports from saudi arabia, from kuwait. The reason why the u. S. Has been playing the key role in keeping the shipping lanes safe in the gulf is not all about imports into its own country, its about the stability of the market as a whole. What is how is the market handling u. S. And iran tensions . Its been quite remarkable. There hasnt been much of a reaction. There was a k
With the crisis between u. S. And iran where Trump Administration officials tell cnn even a single american casualty from tehrans missile strikes would have resulted in a u. S. Attack on iran. Instead, the strikes left only moderate damage, not casualties. Iraqs Prime Minister says his country got advanced notice of the strikes and warned the u. S. After days of threatening ani annihilati annihilation, President Trump took a somber tone at the white house wednesday. He still bragged about u. S. Military might but seemed intent on deescalating the situation. Take a listen. All of our soldiers are safe and only minimal damage was sustained at our military basesmebases. Our Great American forces are prepared for anything. Iran appears to be standing down, which is a good thing for all parties concerned and a very good thing for the world. Some u. S. Officials are suggesting irans missile strikes missed areas populated by americans on purpose, that the attack was meant to send a message, b
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