00:00All right, we are going to move to the next update as the world's top oil executives and energy ministers
00:06meet in Houston.
00:07Attendees of the Cherubic Energy Conference share growing concerns on Tuesday over the widespread impacts of the U.S.-Israel war
00:15with Iran on the global economy.
00:17Camilo Morales of the Columbia Natural Gas Association said the war has triggered widespread uncertainty within economies in Latin America.
00:26Well, it seems like we are in the middle of a big crisis that we haven't seen before.
00:32And, of course, the impact that it has in our region, especially in Latin America, when it comes to inflation,
00:38food, security, creates chaos that needs to be solved.
00:42And suddenly, natural gas appears as the solution.
00:45But, again, the question mark is if the supply that we were expecting from Qatar and this part of the
00:51gold will come to Europe, will come to our region.
00:55And at what price.
00:56Another attendee, Joey O'Donnell, Chief Strategy Officer for the Israel-based private tech company, Sciolo, said the conflict's geopolitical dynamics
01:04are sowing ascendancy.
01:09They're interchangeable, right?
01:11Geopolitics kind of run the world from a macro perspective.
01:15We can obviously see that in the price of things.
01:17You can see that in the apprehension of governments to work together because they just don't know what the outcomes
01:22are yet.
01:22So it's pretty unsure, kind of unsettling.
01:25And, unfortunately, we're spectators.
01:27And we'll see what happens.
01:29The war has caused one of the biggest disruptions to energy supplies in history.
01:34After Iran effectively closed, the key street of home was a shipping route.
01:38And it has attacked the Middle East, inflicted long-term damage on production infrastructure in several countries.
01:43But, again, if there are significant reasons for that, there are many things that we do have in comparison to
01:44this country.
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