Latest / THE DAILY BRIEF / TENTACLES OF TERRORISM - Houthis launch STRIKES on Saudi oil facilities

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TENTACLES OF TERRORISM - Houthis launch STRIKES on Saudi oil facilities · THE DAILY BRIEF

• 0:00
  Speaker 1: Well, hello everyone. I am Tommy Larin, along with Rich Edson,
• 0:03
  Speaker 1: Taylor Riggs, and Jason Chafitz. Welcome to the Big weekend Show.
• 0:07
  Speaker 1: The big story tonight is the foxing Colernis. President Trump
• 0:12
  Speaker 1: is reportedly holding off on a major escalation against Iran
• 0:15
  Speaker 1: axios reports at the top US military commander in the
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  Speaker 1: Middle East, Admiral Brad Cooper, advised stopping the bombing campaign
• 0:22
  Speaker 1: in the Strait of Hormuz, arguing it has reached the
• 0:24
  Speaker 1: limit of its effectiveness. Meanwhile, multiple reports indicate that Trump's
• 0:28
  Speaker 1: advisors raised concerns over US air defense munitions and patriot
• 0:32
  Speaker 1: interceptors being diminished in the Middle East. The administration is downplaying.
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  Speaker 2: Those reports and shouldn't surprise you. The New York Times
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  Speaker 2: is off base. As the President said, we are locked
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  Speaker 2: and loaded. Even more assets are going into theater. But
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  Speaker 2: he's giving talk some space. He's giving it a little
• 0:51
  Speaker 2: bit of room. We've had both Immon and Iran and
• 0:54
  Speaker 2: a number of our other negotiators engaged at every level,
• 0:58
  Speaker 2: from the most senior levels all the way down to
• 1:00
  Speaker 2: the technical level over the past few weeks and particularly
• 1:03
  Speaker 2: in the past few days.
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  Speaker 1: Meanwhile, Auran back toothy rebels launched a massive strike on
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  Speaker 1: Saudi oil facilities with dozens of ballistic missiles and drones.
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  Speaker 1: This escalation opens a new front in the conflict ahead
• 1:15
  Speaker 1: of Israeli Prime Minister of Benjamin Netnyahu's meeting with President
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  Speaker 1: Trump this Tuesday.
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  Speaker 3: This regime is either toppled or it's sufficiently weakened that
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  Speaker 3: it knows it has to end its nuclear program and
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  Speaker 3: has to change its course. That's really what President Trump
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  Speaker 3: is trying to achieve. It's a good thing to have
• 1:33
  Speaker 3: the opportunity to sit with our good friend President Trump
• 1:36
  Speaker 3: and to hear what he has in mind, because I
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  Speaker 3: think in many ways it's his decision.
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  Speaker 1: At the same time, the commander in chief has signed
• 1:45
  Speaker 1: a massive civilian nuclear deal with Saudi Arabia, giving American
• 1:49
  Speaker 1: companies priority to build reactors in the country. Jason, I
• 1:54
  Speaker 1: want to start there. I think that that's a new
• 1:57
  Speaker 1: twist and turn to all of this. So I want
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  Speaker 1: to get your initial reaction to this news and what
• 2:03
  Speaker 1: that entails, and if you think that that's a good idea.
• 2:06
  Speaker 4: I trust the President in this. There's some three dimensional
• 2:09
  Speaker 4: chess going on here, because when you really start in
• 2:12
  Speaker 4: the earlier part of the story. If you start looking
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  Speaker 4: at the Huthis, which is a subset or a faction
• 2:17
  Speaker 4: within Yemen. Yemen in Saudi Arabia have been going at
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  Speaker 4: it for like two decades. I mean when I was
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  Speaker 4: in Congress, I went and visited some of the targeting
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  Speaker 4: sites and how they would do this. That has ties
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  Speaker 4: into Iran. So you can't look at any one of
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  Speaker 4: these elements in its own isolation, because the tentacles of
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  Speaker 4: terrorism that the Iranians have built over the course of
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  Speaker 4: time all tie into this. Now, I think the knee
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  Speaker 4: jerk reaction is say, oh, let's not let anybody have
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  Speaker 4: nuclear development, but in a controlled setting, in a controlled
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  Speaker 4: way where US companies are helping to lead the charge
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  Speaker 4: and we have a say in it for energy production.
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  Speaker 4: That seems to make a lot of sense because we
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  Speaker 4: need to have that relationship with the Saudis. They are
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  Speaker 4: a good partner in this. It's been nefarious in the background,
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  Speaker 4: you know, over the course of time. But I think
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  Speaker 4: the strength and the relationship between the Crown prints and
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  Speaker 4: the President of the United States right now bodes well
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  Speaker 4: for us.
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  Speaker 1: Yeah, well, I love your perspective on that. When I
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  Speaker 1: heard it. I was a little taken aback rich when
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  Speaker 1: we started this conflict, we're you know a few months
• 3:19
  Speaker 1: and now it was about Ron not having a nuclear weapon.
• 3:23
  Speaker 1: And then quickly the Strait of Horn moves became a
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  Speaker 1: part of this narrative. And then there was some Israel
• 3:27
  Speaker 1: Lebanon discussions there and then now the Saudi Arabia, this
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  Speaker 1: potential endeavor or this deal, which isn't really potential anymore,
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  Speaker 1: it's right at our doorstep. It's been evolving a lot.
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  Speaker 1: Does this mean that we're in for more than we
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  Speaker 1: bargained for? Or as Jason said, ass always been a
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  Speaker 1: part of it.
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  Speaker 2: You know.
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  Speaker 5: And as Jason noted, there are so many different parties
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  Speaker 5: in this region. They are all interconnected, they all play
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  Speaker 5: off each other. And also, not to mention, remember when
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  Speaker 5: the Civilian nuclear deal too, and trying to draw closer
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  Speaker 5: to Saudi Arabia. There's the question of okay, well China
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  Speaker 5: fill vacuum if the United States leaves the regions. So
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  Speaker 5: that is on the horizon as well, in a question
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  Speaker 5: for US policymakers. But yes, you have all of these
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  Speaker 5: different interconnected groups, the Houthis and Yemens who are backed
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  Speaker 5: by the Iranian regime now have entered the fray in
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  Speaker 5: the back and forth. And at first, Yeah, the President
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  Speaker 5: had a long list of issues that the United States
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  Speaker 5: wanted to tackle in this conflict. It's a very old list.
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  Speaker 5: It's get rid of the regime. It's stop the ballistic
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  Speaker 5: missile program, It's stop the regional proxies, including supporting the
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  Speaker 5: Houthis all across the region. Until this conflict, the Iranians
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  Speaker 5: had not shut down the Straight of hor moves, and
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  Speaker 5: so that got added to the list. And so now
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  Speaker 5: the focus really is back to nuclear which has always
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  Speaker 5: really been the primary driver above all those other issues,
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  Speaker 5: and now reopening the Straight of Horror moves. And it's
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  Speaker 5: just it seems to be quite cyclical at this moment.
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  Speaker 1: A lot of things involved, so it feels like this
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  Speaker 1: is ever changing, as these things are in the Middle East.
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  Speaker 1: Try to figure it out. I don't think it's going
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  Speaker 1: to work, Taylor. We're going to get into the economics
• 5:06
  Speaker 1: of all of this shortly, but I want to go
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  Speaker 1: to kind of where we started in this segment, talking
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  Speaker 1: about some of the reports that have been dismissed or
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  Speaker 1: downplayed by the administration about you know, perhaps we have
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  Speaker 1: limited our ability to respond at the moment. We need
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  Speaker 1: to rearm, we need to do something about our munitions supply,
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  Speaker 1: and of course the administration saying that that's not the case.
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  Speaker 1: But what do you make of that? Do you think
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  Speaker 1: that the American people are going to be concerned?
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  Speaker 4: No?
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  Speaker 6: I think it means that if whenever we talk about
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  Speaker 6: sort of this massive attack that maybe will or will
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  Speaker 6: not come, or will come later. I think we are
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  Speaker 6: trying to give diplomacy ten more chances. I continually hear
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  Speaker 6: from Larry Kudlow, who is on the program frequently, this
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  Speaker 6: is this is a president that honestly like hates dropping bombs.
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  Speaker 6: He wants peace through strength, and he's trying to give
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  Speaker 6: this a chance for as long as possible. He wants
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  Speaker 6: to be able to go to the American people and
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  Speaker 6: say we tried, we tried everything we could not to
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  Speaker 6: drop bombs on them, but they're crazy and they're terrorists,
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  Speaker 6: and so this is all that we had left.
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  Speaker 1: When we think about.
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  Speaker 6: The Middle East and that nuclear deal in Saudi Arabia.
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  Speaker 1: I am also not.
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  Speaker 6: Totally opposed to it because I think it helps put
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  Speaker 6: the region on notice. I think Iran has been shooting
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  Speaker 6: at its neighbors, and who would have thought ten twenty
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  Speaker 6: years ago Iran would be shooting drone attacks at Saudi Qatar, Dubai,
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  Speaker 6: you name it. And so I think this helps in
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  Speaker 6: that region. You're either with Iran in China or you're
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  Speaker 6: with the US, and this starts to pull all of
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  Speaker 6: those Gulf nations towards the US to further isolate Iran.
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  Speaker 6: Iran now pretty much only has China and Russia, maybe Cuba,
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  Speaker 6: but we're also trying to pull Cuban Venezuela our way.
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  Speaker 6: And so I think when we think about we don't
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  Speaker 6: want nuclear proliferation in the Middle East, but we also
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  Speaker 6: want to start to really isolate Iran. And I think
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  Speaker 6: this also puts Iran on notice, like your neighbors are
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  Speaker 6: not your friends, they are coming towards the West. Why
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  Speaker 6: because when you have peace, you have massive prosperity. And
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  Speaker 6: I think Saudi Arabia and Dubais, with those other countries,
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  Speaker 6: they want prosperity and you get that by going through peace.
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  Speaker 1: So I think you also.
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  Speaker 6: Mentioned Bebe's Median on Tuesday, China's using Ping is going
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  Speaker 6: to be coming here in September, and so I think
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  Speaker 6: this also trying to figure out about with our relationships
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  Speaker 6: with China right now, what does this mean for that
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  Speaker 6: meeting in September. I notably, something we'll talk about.
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  Speaker 1: The enemy of my enemy is my friend. We're gonna
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  Speaker 1: turn to this as we discuss this further, because latest
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  Speaker 1: data shows American oil refineries are running at near full capacity,
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  Speaker 1: hitting over ninety six percent. The war with Iran is
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  Speaker 1: putting America's energy dominance to the test, for sure, but
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  Speaker 1: it's currently holding. As the US ship exports more gasoline, diesel,
• 7:51
  Speaker 1: and jet fuel. Americans are paying for it, though, because
• 7:54
  Speaker 1: the national average of gas prices is now topping four
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  Speaker 1: dollars a gallon. Jason, we didn't get a chance to
• 8:01
  Speaker 1: talk to you about the good old gas prices yesterday,
• 8:04
  Speaker 1: so I want you to weigh in. You know, we
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  Speaker 1: had a discussion at this table about not downplaying the
• 8:08
  Speaker 1: concerns of everyday Americans who paying more for gas is
• 8:12
  Speaker 1: a make or break thing for them. You know, in
• 8:14
  Speaker 1: their monthly budget, they can't afford a whole lot extra
• 8:18
  Speaker 1: and right now they're trying to be patient, but they're
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  Speaker 1: getting a little concerned that these gas prices are going
• 8:22
  Speaker 1: to be elevated for quite some time. What's your take.
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  Speaker 4: Well, President Trump has shown that he can drive down
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  Speaker 4: the price of gas to about two dollars a gallon.
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  Speaker 4: It was below two dollars a gallon and you taugh
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  Speaker 4: at one point. Now Aroan has set that back. I
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  Speaker 4: don't think that was the president's goal to enter into
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  Speaker 4: this conflict, but I think he saw the necessity to
• 8:39
  Speaker 4: protect the United States of America. I'm okay paying a
• 8:42
  Speaker 4: little bit more for gasoline understanding that we have a bigger,
• 8:45
  Speaker 4: broader security mission at play. I think the message from
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  Speaker 4: the administration needs to be one of yes, energy independents,
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  Speaker 4: but that truly's got to mean energy independence. Thank goodness
• 8:57
  Speaker 4: what the Energy Secretary, President Trump and certainly Lee Zeldon
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  Speaker 4: at the APA have done. Otherwise, gas would be like
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  Speaker 4: six seven dollars a gallon, and it'd probably be nine
• 9:05
  Speaker 4: or ten dollars in California, so not everywhere in the
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  Speaker 4: country is the same. Gavin Newsom is purposely driving up
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  Speaker 4: the cost of gasoline in California, so it's got to
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  Speaker 4: get better. I think it'll hurt Republicans in the midterms,
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  Speaker 4: but the goal is a safe, secure the United States
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  Speaker 4: of America that is energy independent and self sufficient, and
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  Speaker 4: I still think we're on that trajectory. We have to
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  Speaker 4: fill up the strategic petroleum reserves. By the way, it
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  Speaker 4: still bothers me that Biden drained knows that was terribly irresponsible.
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  Speaker 4: Should we have a natural disaster something more horrific than that.
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  Speaker 1: Yeah, we discussed that yesterday. I'm sure we're discuss it more.
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  Speaker 1: I'm going to go to the end of the table
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  Speaker 1: and talk to Taylor about that. Yeah, I want you
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  Speaker 1: to piggyback off of that.
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  Speaker 4: Yeah.
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  Speaker 1: I talked about this yesterday, but in Layman's terms, to
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  Speaker 1: the everyday American that are watching this and now they're
• 9:53
  Speaker 1: seeing some Saudi deals potentially, but they're also saying, okay,
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  Speaker 1: well what about the strait of her moves? Now we
• 9:59
  Speaker 1: got the who thies were worried about a second front
• 10:01
  Speaker 1: of this war? Are we going to go over five
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  Speaker 1: dollars a gallon? What are the holidays going to look
• 10:05
  Speaker 1: like for us? You know what? Do you tell them
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  Speaker 1: to ease their fears? Or I guess maybe not.
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  Speaker 6: Yeah. So we are the world's exporter of crude. That
• 10:14
  Speaker 6: is the good news. But the bad news is it
• 10:16
  Speaker 6: is priced globally, so pretty much traders who are setting
• 10:20
  Speaker 6: the price of oil are looking at supply and they're
• 10:22
  Speaker 6: looking at demand, and right now there's a lot more
• 10:25
  Speaker 6: demand than there is supply. So even though we are
• 10:28
  Speaker 6: exporting and producing a lot more, they're looking at global supply,
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  Speaker 6: not US supply. So when people come to me and
• 10:35
  Speaker 6: they say, but we are producing a lot of oil,
• 10:37
  Speaker 6: so why are our prices going up, it's just priced
• 10:41
  Speaker 6: on a global market. Unfortunately, that's just the way it is,
• 10:44
  Speaker 6: so that's why prices are moving. I think the point
• 10:48
  Speaker 6: to California, one extra dollar per gallon goes to taxes alone.
• 10:54
  Speaker 1: There are regulation.
• 10:55
  Speaker 6: Taxes, stayed in, local taxes, green energy taxes, so that's
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  Speaker 6: why they're getting it's to four five six dollars when
• 11:01
  Speaker 6: the rest of the nation is on average at four
• 11:04
  Speaker 6: add a dollar in California because they like to tax you.
• 11:07
  Speaker 6: They also don't refine in California because of the anti
• 11:10
  Speaker 6: business climate. They push refineries out of the state, so
• 11:13
  Speaker 6: they import their crude from wait for it, Iraq and
• 11:18
  Speaker 6: the Bahamas because they don't want to import or refine
• 11:22
  Speaker 6: their own, and so they're importing dirty oil from a
• 11:25
  Speaker 6: rock to do so.
• 11:26
  Speaker 1: I think the hard part is well, and then.
• 11:27
  Speaker 6: I'll wrap this up not get too nitty gritty. There
• 11:30
  Speaker 6: is the light sweet crude and then there's the heavy sour,
• 11:34
  Speaker 6: and refineries are meant to process either one. And so
• 11:38
  Speaker 6: even though we produce light sweet, a lot of the
• 11:42
  Speaker 6: refineries are meant to refine heavy sour imports from the
• 11:45
  Speaker 6: Middle East or from Canada. So it's just more complicated
• 11:50
  Speaker 6: than where energy independent and therefore we can set our
• 11:53
  Speaker 6: own prices.
• 11:54
  Speaker 1: Right, Rich, How does this play? And I know you're
• 11:56
  Speaker 1: going to Michigan sand sure, am. I don't know if
• 11:59
  Speaker 1: they're necessarily focused on the conflict in Iran or gas prices,
• 12:03
  Speaker 1: so they have some other things on their agenda item,
• 12:05
  Speaker 1: but I think that the people in Michigan are going
• 12:07
  Speaker 1: to be paying attention to this. How is it going
• 12:09
  Speaker 1: to change primaries, change midterms? Yeah?
• 12:11
  Speaker 5: I mean, you know, just covering politics over the past
• 12:14
  Speaker 5: well past twenty years basically, but the really ongoing since
• 12:19
  Speaker 5: the twenty twenty four election, it's been the cost of living.
• 12:21
  Speaker 5: The cost of living has impacted that election. It's a
• 12:26
  Speaker 5: large part of why President Trump got another go at
• 12:29
  Speaker 5: the White House and now he's in charge and prices
• 12:33
  Speaker 5: have continued to go up because we're not only talking
• 12:34
  Speaker 5: about filling up your car, we're talking about filling up
• 12:38
  Speaker 5: your semitruck with diesel. That takes all the products that
• 12:42
  Speaker 5: you buy from the shelf, which makes it more expensive
• 12:44
  Speaker 5: to transport them, which makes it more expensive for all
• 12:47
  Speaker 5: of us to buy that stuff. So it's showing up
• 12:50
  Speaker 5: an inflation across the economy. And you know, if first off,
• 12:54
  Speaker 5: it's a difficult election environment that you have Republicans and
• 12:57
  Speaker 5: control of the House, the Senate, and the White House,
• 13:00
  Speaker 5: that's a tough environment for any midterm election. You're fully
• 13:03
  Speaker 5: in control, and you sure there are plenty of voters
• 13:06
  Speaker 5: out there who will say this attack was for the
• 13:09
  Speaker 5: greater good In the end, I'm okay paying a couple
• 13:12
  Speaker 5: of dollars more gallon maybe for the short term, but
• 13:16
  Speaker 5: if they feel like that's turning into the long term,
• 13:18
  Speaker 5: or they're just looking at their grocery bill or looking
• 13:20
  Speaker 5: at their fuel bill, that's not a good mix to
• 13:23
  Speaker 5: be going into the mid terms.
• 13:24
  Speaker 2: Now.
• 13:24
  Speaker 5: Democrats have their own problems, certainly, but that foundation for
• 13:28
  Speaker 5: Republicans is a challenge.
• 13:29
  Speaker 1: I think that's how this administration is going to be judged.
• 13:31
  Speaker 1: And I think they can get back on track. Jet
• 13:34
  Speaker 1: fuel is also going up to If you've been booking
• 13:36
  Speaker 1: airline tickets lately, you know that they've been passing that
• 13:39
  Speaker 1: right on along.
• 13:40
  Speaker 5: Planes don't fly on magic.
• 13:41
  Speaker 1: So yeah, Well, the Democrats had hoped for a while
• 13:44
  Speaker 1: that they could power them in some weird way, but alas.
• 13:48
  Speaker 6: Be sure to like and subscribe for all the Fox
• 13:50
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• 13:54
  Speaker 6: on Fox One.