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NewsTranscript
00:00Wszystkie prawa zastrzeżone.
00:35Wszystkie prawa zastrzeżone.
01:00We'll speak exclusively to the Lebanese Justice Minister.
01:04But first, finance and energy ministers from the world's seven most industrialised nations
01:09say they're ready to take, quote, any necessary measures to stabilise energy markets,
01:14but they stop short of announcing concrete action.
01:17France, which holds the rotating presidency, says the conflict in the Middle East is already
01:22having economic and financial repercussions with possible inflationary effects.
01:28For more, we're joined here on set by our Europe editor-in-chief, Maria Tadeo, who's been covering
01:32G7 meetings for years.
01:34Good morning, Maria.
01:34So what did you make of yesterday's talks?
01:36Yes.
01:37Well, Maeve, look, we can talk about the G7, whether it's relevant or not relevant, whether
01:42now it's a G6.
01:43Without the United States, can you look at the global economy without India and China?
01:47Of course, those are very valid debates.
01:49But when the G7 meets, especially in the context of a crisis that is important, and it also
01:55sends a signal to the world that they will take action together.
01:59And yesterday in that meeting, which was hosted by France with the rotating presidency, the
02:04G7 agreed, quote, and hopefully we can put it up on the board, that they will take all
02:09the necessary actions to intervene in this energy market to preserve the stability and the
02:16security of a very volatile energy global market.
02:21Now, at this point, we've seen that oil prices, Brent crude yesterday, touching $150 a barrel.
02:27We've now had practically four weeks of oil hovering around $100 a barrel.
02:33Obviously, that has enormous implications for the global economy.
02:37The G7 reiterated yesterday that they will take and are ready to take measures.
02:41They will do so in a coordinated manner.
02:43And they also urged that countries around the world should not restrict oil exports.
02:47Now, all of that is a strong message, you could argue.
02:50The issue coming out of that meeting is that there were no specific actions and there were
02:54no concrete measures that were announced.
02:57So in a way, it was, yes, all words and no actions.
03:00Remember, just a few weeks ago, the International Energy Agency agreed to release a massive strategic
03:06reserve of oil, 400 million barrels, entered the global economy.
03:10That was not the case yesterday.
03:12There was no indication that that will happen anytime soon before the reassurance with,
03:18yes, we'll take actions, but it's unclear what they will look like.
03:21And then, of course, Maeve, there's a big question around the focus point of this crisis,
03:25which is the Strait of Hormuz, which remains shut.
03:2820% of the global oil transits through that waterway.
03:32It's unclear whether it will reopen.
03:33And to that extent, there's also a big question now in terms of the military operation.
03:37Is this weeks or will it be months?
03:39And then this overall theme, which is, is the U.S. preparing for a ground invasion of
03:45Iran, certainly when it comes to Karg Island, which, of course, homes the oil terminals of
03:50Iran.
03:50So a lot of that means uncertainty, volatility that feeds inevitably into the market and prices.
03:56And a lot of nervousness, of course, in this town.
03:58And the EU contemplating their own measures, too.
04:00Well, yes.
04:01And look, when you look at the EU, there's two ways this can go.
04:03You can look at the national measures, which usually means a government will say, look,
04:07at this point, I got to cut VAT taxes on electricity bills, on energy bills for households.
04:14They could also put in forward subsidies that the same could apply for industries.
04:18The issue with the EU is that not every country has the same capacity.
04:22They do not have the same fiscal room to put forward measures.
04:26The other point, which is relevant, however, is the EU measures.
04:29We know that they've looked at things like a windfall tax.
04:32They've also looked at things that could look at, you know, buy-in in common, bulk buy-in,
04:38but also very relevant.
04:39Yesterday, the commission in a letter, which we have here, is now urging member states,
04:45and this is very relevant, to also put in place demand-saving measures.
04:50This means, of course, that you try to tackle this issue through the demand, the use of energy.
04:55That could also mean, look, in this Easter break, don't get on a plane, maybe drive less.
05:01And some interesting numbers also coming in, with the EU now estimating that the bill,
05:06just the bill in additional cost of fossil fuels, is 13 billion euros.
05:12So, obviously, that leads to a big question about stagflation, lower growth and more inflation.
05:16Indeed, Maria, thank you so much for all those details.
05:19And, of course, you can read more about all that on our website, euronews.com.
05:22And just in case you're feeling a little bit overwhelmed by that update,
05:26our Jakob Yanis has been taking a look at what individual EU countries are doing to address this immediate crisis.
05:34The war in Iran might seem far away, but its oil is not.
05:38For European drivers, the pain at the pump is very real, with some countries seeing price spikes of over 30%.
05:45So, if you are curious how European governments are stepping in to help, let's look at different strategies together.
05:54Spain went big, rolling out a 5 billion euro package and slashing VAT on motor fuels from 21% down
06:03to 10%.
06:03And Madrid claims this will reduce petrol prices by around 30 euro cents per litre.
06:08And Poland followed, with fuel VAT dropping from 23% to just 8, saving drivers roughly the equivalent of 30
06:17euro cents.
06:18Crucially, Warsaw is also introducing price controls.
06:22Hungary also opted for strict price controls, capping fuel prices.
06:27But there is a catch.
06:28It only applies to vehicles with Hungarian number plates to stop cross-border fuel tourism.
06:33And Germany and Austria are taking a regulatory route.
06:38Berlin is pushing a rule allowing petrol stations to rise prices only once a day at noon,
06:44while Vienna limits hikes to three times a week.
06:47And in France, the state has avoided massive tax cuts,
06:51relying instead on corporate giants like Total Energies to voluntary cap prices.
06:56So who would actually benefit?
06:59Well, European citizens could, providing oil companies do not simply absorb the tax differences.
07:05And Italy, for instance, is already threatening to sanction companies trying to inflate margins.
07:11And you see, for European politicians, spending public money is an expensive move.
07:16But there is almost no public appetite to join the US and Israel in active conflict.
07:21And your reporter saw this pushback at the recent G7 summit.
07:25Despite Washington's pressure to immediately secure the Strait of Hormuz,
07:29Europe offered a firm reality check.
07:32They will help protect the critical waterway, but only after the war in Iran ends.
07:38So until then, perhaps consider using a bike.
07:41Huh, like Mark Rutter.
07:47Now moving on, the European Union has condemned a decision by Israel's Parliament
07:52to pass a law making the death penalty by hanging a reality for all Palestinians convicted in military courts.
07:59In a draft statement exclusively seen by Euronews this morning, the EU says,
08:03quote, capital punishment is a violation to the right to life.
08:07This, as Israel continues, their attacks on southern Lebanon in what now has been called an invasion.
08:13For the view from Beirut, Euronews's editor, Murray Itzeo,
08:16spoke exclusively to the Lebanese Justice Minister, Adel Nazar.
08:20We condemn, obviously, all the attacks and in particular also all the ground attacks
08:27and the occupation of our territory.
08:29And one has to understand that occupying a territory will never solve the problems.
08:36The only way to solve the problems when two countries are in a situation of conflict
08:42is to go into negotiation.
08:45The occupation of territory is obviously condemned
08:48and we cannot accept this statement.
08:52And, Minister, on that note, going back to the Israeli Prime Minister,
08:56yesterday he said that Israel had managed to almost eradicate Hezbollah,
09:00but residues of it still exist.
09:03And the situation in the north of Israel has to fundamentally change.
09:07You talk about occupation.
09:09What do you think Israel has in mind?
09:12I cannot speculate on what Israel has in mind.
09:15It's obvious that Israel had a past of attacks against Lebanon
09:21and Lebanon is suffering from such attacks
09:26and there was huge destructions, a lot of killed persons, injured and displaced persons.
09:34Now we are facing a displacement of more than one million inhabitants.
09:39So the situation is dramatic in terms of human rights,
09:44in terms of humanitarian situation,
09:47and the government with little resources, very limited resources,
09:51is facing a dramatic situation.
09:54This being said, we are also fully aware that we have an internal problem
10:02and we don't like and we refuse to make it as a problem
10:06that is being raised by Israel,
10:08but it is a problem that we are raising ourselves,
10:11which is the fact that Hezbollah is keeping a military infrastructure
10:15and this is against the Lebanese government's will,
10:19it is against the law,
10:21and the position of the government is to take all the steps required
10:25to put an end to this military, let's say, infrastructure
10:31that is being used in...
10:33And if we make a small analysis,
10:36one will see that this is being used as if Lebanon was a military base in favor of Iran,
10:44and we refuse this also.
10:46And to that extent, I spoke with your prime minister two months ago
10:49who said that he would not allow Hezbollah to drag Lebanon into a war directly with Israel.
10:55Nonetheless, you talk about occupation.
10:57Obviously, you also know there's now concerns that this is heading for an invasion of Lebanon.
11:02So how do you get out of this?
11:04What can you do internally, but also externally?
11:08We are fully aware that our position is very difficult
11:12because in one hand there are the Israeli attacks
11:15and on the other hand there is Hezbollah undermining the state.
11:20We are aware that practically in order to be able to conduct efficient negotiations,
11:28we have to hold the decision of war and peace
11:33and not to have a parallel organization undermining the state.
11:40On the other hand, it is also obvious that we cannot accept that our territory be used
11:46as a target by Israel the way Lebanon is being targeted.
11:52So we understand that we have these two difficult issues on the table.
11:56Iran is making a direct interference in Lebanon's internal policy
12:03and is contributing to undermine the state.
12:07We have taken clear decisions in this respect in the government, irrevocable decisions.
12:14The first one concerns the monopoly of the force.
12:22The second is to declare the weapons of Hezbollah as being against the law.
12:28And courts are starting to apply this to any person holding weapons,
12:33including fighters from Hezbollah.
12:37So this is on the internal aspect.
12:39On the external aspect, the president of the republic has launched the idea of negotiations,
12:48to have negotiations being conducted under a format to be agreed upon
12:53in order to stop the war that Israel launched against Lebanon.
13:02And meanwhile, the strikes continue between Israel and Iran
13:06with reports of explosions and blackouts last night in Teichan and fears of an oil spill.
13:11For the latest, we can cross now to Euronews Leon
13:13and bring in the head of our Persian news desk, that's Babak Kamiar.
13:17Good morning, Babak.
13:18So with now over one month of war,
13:21from the information that you can and your team can verify coming out of Iran,
13:24how are people doing there and what is the situation on the ground?
13:30Listen, Maeve, despite more than a month of war with significant casualties and damage,
13:36daily life has not completely collapsed.
13:38Internet access has been largely cut off since the beginning of the war.
13:43In most cases, people are effectively disconnected from the outside world.
13:48There are no major food shortages so far, but financial pressure is intense.
13:54Many people have lost their income and prices have surged.
13:59For now, life continues.
14:01You still see people in restaurants exercising and children playing,
14:05but always under the shadow of war.
14:08For many Iranians, explosions, drones and fighter jets overhead has become part of everyday life.
14:16Some residents have chosen not to leave cities like Tehran,
14:20not only because few places feel truly safe, but also due to fears of looting,
14:26especially as attacks on police stations have weakened local security in some areas.
14:31In the past two days, electricity cuts have been reported in several parts of the countries.
14:37In most cases, power was restored after a short time.
14:40However, it remains unclear how the situation would evolve if major energy infrastructure
14:47or power plants were directly targeted.
14:51What is certain is that any large-scale damage to these facilities would be costly and time-consuming
14:58to repair, which potentially serious consequences for daily life.
15:03And, Babak, it looks like there's no end in sight to this war and no chance now for diplomacy.
15:07What is the Iranian regime saying?
15:12Well, it is still unclear how much of the current rhetoric reflects real intent
15:18and how much is a strategic bluffing.
15:21What is clear, however, is that Iranian officials are publicly maintaining a firm position
15:27and continue to warn of retaliation.
15:31Iran faces a significant military imbalance compared to the United States and Israel.
15:37However, analysts note that its geography, especially around the Strait of Hormuz,
15:43gives Tehran room to respond through asymmetric means,
15:48potentially targeting shipping routes or regional assets.
15:52Senior officials have reinforced this message.
15:55Parliament speaker dismissed report of progress in Prague as visual thinking,
16:00saying Tehran was waiting for arrival of American troops on the ground.
16:06They are going to punish their regional partners forever.
16:10OK, Babak, Kamiar, thank you so much for that update there from Leon.
16:15Now, moving on with the Iran war showing, as you heard, no signs of slowing down.
16:20The US is now allegedly considering redirecting some of Ukraine's military aid towards the Middle East.
16:26This after President Zelenskyy concludes a trip to the Gulf in search of financial support.
16:31Meanwhile, EU foreign ministers are gathering in Kyiv today to mark the grim anniversary of the Buta massacre,
16:38when hundreds of Ukrainian civilians and prisoners of war were murdered by Russian forces.
16:43For more on this, we're joined here on set by our Ukraine correspondent, Sasha Vakilina.
16:47Good morning, Sasha.
16:48Just tell us, what are the expectations for this meeting today in Kyiv?
16:51The European Union foreign ministers are in Ukraine's capital to show their support
16:56on this very emotional day for Ukraine.
16:58The 31st of March marks four exact years since the liberation of Bucha.
17:03This is, of course, Kyiv's neighbourhood that was among the first ones to be occupied,
17:07but also the first ones to be liberated, showing for the first time the proof of the atrocities of the
17:12Russian army.
17:13Now, unfortunately, the EU ministers can show the support, but cannot really prove it,
17:19because all the Ukraine decisions remain blocked.
17:22This is the 90 billion euros loan.
17:24This is the new sanctions against Russia and all the steps of the EU accession for Ukraine.
17:30Announcing the meeting in Kyiv, Ukraine's foreign minister, Andriy Sibiha,
17:35said that indeed he will be welcome to glad Kyakalas and the EU foreign ministers in Kyiv.
17:42We also discussed the EU's support for Ukraine, pressure on Russia and efforts to achieve peace
17:48and protect long-term stability in Europe.
17:51The key word here, Maeve, is discuss and not to decide.
17:55And meanwhile, Sasha, we're seeing the Europeans facing a brand new energy crisis,
17:59whereas, you know, Moscow's benefiting from higher crude oil prices and also sanctions relief.
18:04Fill us in.
18:05Yeah, indeed.
18:06But at the same time, there have been several Ukrainian drone attacks against Russia's oil and energy infrastructure.
18:12Kyiv is continuing its campaign, attacking Russia's money-making machine, of course,
18:19something that is financing Moscow's full-scale invasion of Ukraine.
18:22Volodymyr Zelenskyy, speaking to the reporters in the WhatsApp chat on Monday,
18:25confirmed that even some of Ukraine partners approached Kyiv, asking to slow down.
18:31And this is when he said, first of all, we are not simply carrying out strikes.
18:35I want to remind everyone, we are responding if Ukraine, if Russia is ready not to strike Ukraine's energy infrastructure,
18:41we will not respond against this.
18:44Russia knocked out Ukraine's civilian infrastructure during the winter,
18:48leaving millions of Ukrainians without water, heating and electricity for weeks, Maeve.
18:53OK, Sasha, Vakilina, thank you so much for that update.
18:56And of course, for more on that meeting, you can visit euronews.com throughout the day.
19:00But that does bring this edition of Europe Today to an end.
19:04For all of our viewers in Malta today, happy Freedom Day.
19:07And to the rest, thank you so much for tuning in.
19:09As I said, download Euronews app or visit our website for more news and context
19:13on all the developing stories that we're covering for you here at Euronews.
19:17Take care. Thanks for tuning in and see you very soon here on Euronews.
19:21Welcome to Euronews.
19:30Welcome to Euronews.
19:51Dzięki za oglądanie!
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