Latest / DEEP INSIGHT / Tanker HIT in Strait of Hormuz as Trump weighs next move

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Tanker HIT in Strait of Hormuz as Trump weighs next move · DEEP INSIGHT

• 0:02
  Speaker 1: The blockade is in place. You just heard the CENTCOM commander,
• 0:07
  Speaker 1: Admiral Bradley Cooper, announce a milestone of over a billion
• 0:11
  Speaker 1: barrels of oil have been escorted by our great U.S.
• 0:14
  Speaker 1: Navy from our Gulf allies out to global markets, but
• 0:18
  Speaker 1: not a drop of Iranian oil. is coming out. And
• 0:21
  Speaker 1: we're seeing the results of Operation Economic Outcast, led by
• 0:24
  Speaker 1: Scott Besson, our Treasury Secretary.
• 0:26
  Speaker 2: So, Ambassador Wilson, over the weekend on Sunday on CNN,
• 0:29
  Speaker 2: foreign policy on full display all week long now. President
• 0:33
  Speaker 2: Trump will head to New York later today. At this
• 0:35
  Speaker 2: time tomorrow, we will have his speech. to the U.N.
• 0:39
  Speaker 2: General Assembly in New York City. All this happening as
• 0:42
  Speaker 2: he weighs his next steps in the conflict with Iran.
• 0:45
  Speaker 2: And we're only learning now that the U.K. 's maritime
• 0:48
  Speaker 2: agency is reporting that a tanker carrying liquefied petroleum gas
• 0:53
  Speaker 2: was hit by a projectile in the Strait of Hormuz.
• 0:56
  Speaker 2: To what extent the damage, we're awaiting word on that.
• 1:00
  Speaker 2: Arsenio Dominguez is the U.N. Secretary General. of the International
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  Speaker 2: Maritime Organization. Sir, thank you for your time. You're outside
• 1:07
  Speaker 2: the U.N. Let's talk about two things. Strait of Hormuz second,
• 1:10
  Speaker 2: Bob El-Mandeb first, that the Houthis are now trying to control.
• 1:17
  Speaker 2: The president made a decision over the weekend not to
• 1:19
  Speaker 2: go after the Houthis, and Reuters is reporting earlier today
• 1:22
  Speaker 2: that the U.S. president had a conversation with the president
• 1:24
  Speaker 2: of Yemen today. What does that tell you about the
• 1:27
  Speaker 2: fate of the Red Sea and Bob El-Mandeb off the
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  Speaker 2: coast of Yemen?
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  Speaker 3: We already went through a very difficult situation in the
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  Speaker 3: Red Sea with the Houthis, with nearly two years of
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  Speaker 3: attacks on innocent seafarers and shipping. And it has been
• 1:43
  Speaker 3: escalated in recent weeks. Of course, not at the level
• 1:47
  Speaker 3: of where we were before, but what is important is
• 1:50
  Speaker 3: that the same kind of conversations that are taken on
• 1:54
  Speaker 3: the global aspects of maritime security when it comes to
• 1:57
  Speaker 3: shipping need to take place again in Bamboo Mandir. We
• 2:00
  Speaker 3: all know that by addressing and very... much interrupting these
• 2:05
  Speaker 3: choke points for international shipping, the global population is going
• 2:09
  Speaker 3: to suffer as well because of the impact on the economy.
• 2:12
  Speaker 3: One of the challenges that we have when it comes
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  Speaker 3: to the Houthis is that they are not really a country.
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  Speaker 3: They are not a recognized party. So we have to
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  Speaker 3: use different mechanisms in order to actually engage with them,
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  Speaker 3: bring them onto the table, and make sure that shipping, again,
• 2:27
  Speaker 3: is not used as collateral. But it's good that the
• 2:29
  Speaker 3: conversations are actually taking place, particularly with the government of Yemen.
• 2:33
  Speaker 2: The Houthis and the government of Saudi Arabia have been
• 2:36
  Speaker 2: fighting a war for 12 years. We'll see how that goes. Meanwhile,
• 2:40
  Speaker 2: the Strait of Hormuz Institute for the Study of War
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  Speaker 2: characterizes it this way. Iran continues to attack transiting vessels
• 2:48
  Speaker 2: using the southern route to give the appearance that Iran
• 2:50
  Speaker 2: retains some control over the strait and the ability to
• 2:53
  Speaker 2: disrupt shipping. It likely assesses these actions can still impact
• 2:57
  Speaker 2: energy markets. What is your read of that statement? and
• 3:01
  Speaker 2: what's happening in the Strait of Hormuz now?
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  Speaker 3: What is clear is that shipping is still not able
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  Speaker 3: to operate in the way that it was doing so
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  Speaker 3: before the conflict started. And ever since, we're actually being
• 3:17
  Speaker 3: impacted by not being able to transport 20% of global oil,
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  Speaker 3: 19% of liquefied natural gas, 13% of food fertilizers for agriculture.
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  Speaker 3: And the impact we'll actually be seeing in the future
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  Speaker 3: But even though there are some transits in the Strait
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  Speaker 3: of Hormuz, it's very limited because we are nowhere near
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  Speaker 3: the 135 vessels that on average were transiting the strait
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  Speaker 3: in and out every single day. The root causes of
• 3:45
  Speaker 3: why the Strait of Hormuz remains an area where I
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  Speaker 3: recommend ships not to transit, it's because the root causes
• 3:53
  Speaker 3: need to be addressed. And that's one of the key
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  Speaker 3: messages that I'm bringing here to the United Nations. They
• 3:58
  Speaker 3: are beyond the International Maritime Organization.
• 4:00
  Speaker 2: On that point, sir, would you expect the U.S. and
• 4:03
  Speaker 2: Iranian officials to meet face-to-face in New York while they're here?
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  Speaker 3: What I'm looking forward is that the negotiations continue. I
• 4:13
  Speaker 3: always look into the positives. And there was a memorandum
• 4:16
  Speaker 3: of understanding that was agreed by the two parties with
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  Speaker 3: the assistance of other countries, which means that after many
• 4:23
  Speaker 3: years of having no negotiations, there was a start of
• 4:27
  Speaker 3: the interactions and exchange that we all required. So this
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  Speaker 3: is why, if this is an opportunity or any other opportunity,
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  Speaker 3: what is important is that the parties come back onto
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  Speaker 3: the table and continue to take on from where they
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  Speaker 3: left at the last time, because some progress was actually
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  Speaker 3: made and transit started to increase at the time.
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  Speaker 2: We could use more, as you, I'm sure, would agree.
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  Speaker 2: Arsenio Dominguez, thank you for your time. You brought the
• 4:53
  Speaker 2: sunshine in New York. Let's try and keep it that
• 4:54
  Speaker 2: way this week. Thank you very much, sir. More headlines
• 4:57
  Speaker 2: to come from the U.N.
• 4:58
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