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
Taiwans Pro Independence leader in power much to the annoyance of china. Now iran has admitted its military shot down a ukrainian passenger jet by accident killing all 176 people on board the plane crashed shortly after takeoff from tehran on wednesday after iran fired missiles targeting u. S. Forces based in iraq western countries have been piling pressure on iran which it spent days denying that it was responsible for the crash well the iranian president Hassan Rouhani tweeted saying the armed forces and tunnel investigation has concluded that regrettably missiles fired due to human error caused the horrific crash of the ukrainian plane and deaths of 176 innocent people investigations continue to identify and prosecute this great tragedy and unforgivable mistake but well go live to rob reynolds in washington d. C. In just a moment but lets begin with a setback in tehran. This admission is coming off to days and days of denial so whats precipitated this now. Well yes it has come after
Under the United States has announced a new wave of economic sanctions on iran in retaliation for its missile attack on bases housing u. S. Troops in iraq the sanctions target irans manufacturing and Mining Industries as well as 8 senior officials officials were allegedly involved in a missile strikes on monday but hit the ajna Assad Air Base in Anbar Province committee how could reports from the white house for the americans are not at war with tensions between the United States and iran still escalating on friday the u. S. Secretary of state and treasury secretary and oust more sections against iran in retaliation for its attack on iraq the military bases used by u. S. Troops the president has been very clear we will continue to apply economic sanctions until iran stops its terrorist activities and commit that it would never have Nuclear Weapons the sanctions target or raw and steel iron trade construction mining and textile industries theyre also saying sins against 8 Senior Iranian
Exchange. This is where we bring you todays market moving news from all around the world. Frombeijing to beirut, istanbul to washington, our bloomberg voices are on the ground with todays top stories. We have chinese pmi numbers that beat expectations, a positive sign as the sectors improvement is crucial to stabilizing the chinese economy. Joining me on the telephone is beijing. s bureau chief how much encouragement should we take from these numbers . Reporter it was slightly higher than what economists expected. New orders also moved into expansion for the first time pointing toall signs that economic slowdown may be reaching a bottom. Looking into 20 20, we also have indications that Infrastructure Investment is going to increase, and hopefully some of that takes. Of course, if this socalled phase one trade deal with the u. S. Comes to pass, that will involve tariff rollbacks, which will also be a boost for exports. Positive signals here in china. Thank you so much. We go now to the
Of inaction over Climate Change as major fires continue to claim vast areas of bush. And or washington has announced a new wave of economic sanctions on iran in retaliation for its missile attack on bases housing the us troops in iraq the sanctions targeting irans manufacturing and Mining Industries as well as 8 senior officials washington says the officials were involved in missile strikes on monday that hit the iron and Assad Air Base in Anbar Province u. S. Treasury secretary stephen you can bound to keep pressure on irans economy. Todays sanctions are part of our commitment to stop the iranian regimes global terrorist activities the president has been very clear we will continue to apply economic sanctions until iran stops its terrorist activities and commit that it will never have Nuclear Weapons and speak now to our White House Correspondent can really help it so tell us more about what these sanctions one of oh yeah well we should point out that this is the latest in a string of