00:00So I just finished up a meeting here at Qatar Energy.
00:03It's extraordinary, the impact on the global LNG market.
00:08They used to get about 10 ships out every day.
00:12They're now getting only one ship out.
00:14But there's another story here, too, which is that people are making a lot of money off of this war.
00:20A story I heard here that I don't think I would have if I hadn't visited Qatar is that there
00:25are energy trading funds that are bringing ships in.
00:30Are jacking up the price to Qatar Energy because of these wartime conditions.
00:37Companies, American companies, that are making an enormous profit off of this war.
00:42They're getting the benefit of CENTCOM, the American military, providing the security from transit out of this rate, but are
00:50still charging enormous fees and making money.
00:54One of the companies that's doing this is a company called FITOM, which is a company that put a lot
01:00of money into Trump's pocket.
01:02So you have to understand the whole picture.
01:04Prices are going up for ordinary consumers, but the profits are also going up for energy companies.
01:10Some of these energy companies denied to President Trump.
01:14That's a story I don't think you'd understand unless you were here on the ground understanding how this market of
01:21war profiteering is really working.
01:23We finished up a meeting here at Qatar Energy.
01:26It's extraordinary the impact on the global LNG market.
01:31They used to get about 10 ships out every day.
01:34They're now getting only one ship out.
01:37But there's another story here, too, which is that people are making a lot of money off of this war.
01:43A story I heard here that I don't think I would have if I hadn't visited Qatar is that there
01:48are energy trading companies that are bringing ships in,
01:52are jacking up the price to Qatar energy because of these wartime conditions, companies, American companies, that are making an
02:02enormous profit off of this war.
02:05They're getting the benefit of CENTOM, the American military, providing the security from transit out of this rate, but are
02:13still charging enormous fees and making money.
02:16And one of the companies that's doing this is a company called FITOM, which is a company that put a
02:22lot of money into Trump's pocket.
02:24So you have to understand the whole picture.
02:26Prices are going up for ordinary consumers, but the profits are also going up for energy companies.
02:33Some of these energy companies denied to President Trump.
02:41Aerial target shot down over Iran's Kashm Island.
02:46Iranian air defenses have reportedly engaged an aerial target over the strategically important Kashm Island,
02:54with reports pointing to a possible reconnaissance drone.
03:02The incident was reported on October 3rd, with residents describing explosion sounds and missile activity over the island.
03:10Videos circulating online appeared to show launch smoke, missile trails, explosions, and debris falling onto Kashm Island.
03:21According to multiple open-source reports, Iranian forces may have used the Kordad-15 air defense system firing a Sayad
03:31-3 or Sayad-3E surface-to-air missile.
03:35The Sayad-3 is an Iranian-made radar-guided interceptor designed to engage aerial threats, including aircraft, drones, and cruise
03:46missiles.
03:47Some reports have suggested the missile could have come from a Bavar-373 system and identified it as a Sayad
03:56-4.
03:56But the Kordad-15 and Sayad-3 identification appears more consistently across available open-source reporting.
04:08The target itself has been described as a small, unidentified reconnaissance UAV.
04:15Importantly, there is no confirmed evidence that the target was a US MQ-9 Reaper or another large combat drone.
04:24Some social media posts have speculated about a possible connection to the United Arab Emirates, while other reports have mentioned
04:34U.S. fighter activity in the area.
04:37However, the origin and identity of the aerial target remain unconfirmed.
04:43Reports also said part of the interceptor fell back on Kashm Island, with debris reportedly found near Muhadasa High School.
04:52There have been no confirmed casualties or major ground damage from the incident.
04:59Kashm Island is strategically located near the Strait of Hormuz, one of the world's most important energy-shipping choke points.
05:08Iran has repeatedly reported air-defense activity around Kashm Island and the Strait of Hormuz, including previous claims of intercepting
05:18drones and other aerial targets.
05:20But many of those earlier claims have also lacked independent verification.
05:26For this latest incident, the available evidence primarily comes from open-source intelligence accounts, local reports, and videos circulating on
05:36social media.
05:36Iranian state media outlets, including IRNA and Meher, had not formally confirmed this specific interception in the available reporting at
05:48the time of the latest updates.
05:51There has also been no independent confirmation from the United States or another party that an aircraft or drone was
05:59lost.
05:59So, while footage and local reports indicate that an air-defense engagement occurred over Kashm Island, exactly what Iran targeted
06:09and whether the aerial target was actually destroyed remains unconfirmed.
06:15The incident nevertheless highlights the continuing military tension around Kashm Island and the strategically vital Strait of Hormuz.
06:41The incident was a very important thing, and it was a very important thing, and it was a very important
06:50thing.
