00:00Our top story today, the leaders of the U.S. and Israel have sought to reassure investors rattled by damage
00:06to major Persian Gulf energy facilities.
00:09Israel says it will no longer target energy infrastructure after a rebuke from President Trump.
00:14And Prime Minister Benjamin Netanyahu says Israeli forces will help the U.S. attempt to reopen the Strait of Hormuz.
00:23The death cult in Iran is trying to blackmail the world by closing a key international maritime route, the Strait
00:31of Hormuz.
00:32It won't work. Israel is helping in its own way and intel in other means, the American effort to open
00:40the Strait of Hormuz.
00:46For more, let's bring in Horizons Middle East and Africa anchor Jumana Bisseti joining us from Dubai.
00:51Jumana, of course, we hear Netanyahu speaking there, probably trying to ease those tensions with President Trump.
00:58Well, that's exactly it. I think, you know, at this time yesterday, 24 hours ago, President Trump put up that
01:04post distancing himself from Israel's airstrikes on the self-gas power field.
01:09Now, that was disputed.
01:11There were many reports that emerged subsequently suggesting that the U.S. probably would have been privy to the information
01:18that Israel were about to strike that gas field in Iran.
01:21But then later on, interesting to hear from the Israeli prime minister himself saying that the IDF had acted alone,
01:29that not in conjunction with the United States.
01:32So, at least from that perspective, the U.S. is trying to put a little bit of distance between the
01:39actions that Israel took and the subsequent very violent response that we got back from Iran hitting those key energy
01:46infrastructure sites and causing a significant amount of damage to that LNG plant in Qatar.
01:52Now, I think one of the questions that people were asking yesterday is whether we're beginning to see a divergence
01:58in the war objectives between Israel and the U.S.
02:02And that is something that President Trump was asked in the press conference yesterday with the Japanese prime minister.
02:08And he said, we are still very coordinated.
02:10But if the Israeli prime minister does something that we don't agree with, then we tell him that.
02:16But then later on, the spy chief, Tulsi Gabbard, went to say, maybe give a little bit more detail and
02:22suggested that from the U.S.'s perspective, their objectives are centered around the decapitation of Iran's military capabilities.
02:31Whereas from Israel's perspective, perhaps it is one step further and the real diminishing and leveling a lot of blows
02:39at Iranian leadership.
02:40So, herein, you're getting a bit of a difference in terms of ultimate war objective between the two.
02:46And I will just say, from the Iranian standpoint, a post went up yesterday afternoon from the Iranian foreign minister.
02:52This is Abbas Arakshi.
02:54He said that this time around, they didn't use all of their firepower, but that if energy infrastructure and civil
03:02infrastructure gets targeted again, they will unleash full fury.
03:06So, this was a warning that came through, but also suggested that perhaps this mode of retaliation or this round
03:13of retaliation was over for the time being.
03:16That's not to say that the strikes haven't stopped, though, because overnight, more incoming drones and missiles being intercepted in
03:23Bahrain, in Saudi Arabia, and just a short while ago at the UAE as well.
03:29And, Jumana, Qatar Energy weighing the costs, it's estimating $20 billion of law sales a year.
03:37So, pretty notable that they put up a post overnight to the world explaining how much damage had been caused.
03:43Yesterday, after the attacks, they did say that, quote-unquote, extensive damage had been sustained.
03:49Now, they've given a little bit more numbers.
03:51It's the figure.
03:52Essentially, 17% of the capacity has been hit.
03:56They say they estimate that it's going to cost up to about $20 billion a year over the next three
04:01to five years to fix.
04:03And they also say that there's a real possibility of introducing a force majeure on some of their longer-term
04:10contracts as well.
04:11So, this is to really encapsulate how much of a blow was inflicted on those LNG facilities yesterday.
04:19And this is different from the situation we were in at the beginning of the war, where Qatar Energy preemptively
04:25declared a force majeure because of the disruptions around the Strait of Hormuz, the inability to get their products out
04:31to the broader market.
04:32This time is different.
04:33And as we spoke about yesterday, the market is beginning to center on this idea of physical destruction as opposed
04:40to just physical disruption.
04:42At the same time, President Trump is still trying to put together a coalition for naval escorts to forcibly reopen
04:51up the Strait of Hormuz.
04:52But effectively, what we've seen over the last couple of days is it is still pretty much under Iranian control.
04:58And the only vessels that are passing through are somehow linked to Iran or Iran-linked or heading to destinations
05:05that Iran would not deem to be hostile.
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