and it was only after he fled to aden and then to riyadh and. you know i'm not sure whether it was his idea or probably the saudis idea to suggest to him. that he should. adopt some sort of napoleon complex and claim to that he was still the president of yemen so on the pretext of. you know of restoring. a failed failed regime to power in yemen as as you said very well peter the saudis with. that coalition which includes the united states and so you know president obama and president trump. are entirely complicit in these war crimes and should also be held accountable for them. they have destroyed. one of the poorest countries in the world according to act led in the u.k. their latest report from june has counted 90000 people killed in the war in yemen and that does not count a child dying of hunger and disease every 10 minutes. the yemen data project run by british journalist diana craig has found that about one 3rd of the saudi led airstrikes are in fact against civilian targets and so. the whole point i. conclude hang on nicholas i'm part of

and it was only after he fled to aden and then to riyadh and. you know i'm not sure whether it was his idea or probably the saudis idea to suggest to him. that he should. adopt some sort of napoleon complex and claim to that he was still the president of yemen so on the pretext of. you know of restoring. a failed failed regime to power in yemen as as you said very well peter the saudis with. their coalition which includes the united states and so you know president obama and president trump. are entirely complicit in these war crimes and should also be held accountable for them. they have destroyed. one of the poorest countries in the world according to act lead in the u.k. their latest report from june has counted 90000 people killed in the war in yemen and that does not count a child dying of hunger and disease every 10 minutes. the yemen data project run by british journalist iona craig has found that about one 3rd of the saudi led airstrikes are in fact against civilian targets and so. the whole point i. conclude hang on nicholas i'm part of

and it was only after he fled to aden and then to riyadh and. you know i'm not sure whether it was his idea or prison probably the saudis idea to suggest to him. that he should. adopt some sort of napoleon complex and claim to that he was still the president of yemen so on the pretext of. you know of restoring. a failed failed regime to power in yemen as as you said very well peter the saudis with their coalition which includes the united states and so you know president obama and president trump are entirely complicit in these war crimes and should also be held accountable for them. they have destroyed. one of the poorest countries in the world according to act led in the u.k. their latest report from june has counted 90000 people killed in the war in yemen and that does not cause. and a child dying of hunger and disease every 10 minutes. the yemen data project run by british journalist diana craig has found that about one 3rd of the saudi led ass strikes are in fact against civilian targets and so. the whole point of a non english to conclude

and it was only after he fled to aden and then to riyadh and. you know i'm not sure whether it was his idea or prison probably the saudis idea to suggest to him. that he should. adopt some sort of napoleon complex and claim to that he was still the president of yemen so on the pretext of. you know of restoring. a failed failed regime to power in yemen as as you said very well peter the saudis with their coalition which includes the united states and so you know president obama and president trump are entirely complicit in these war crimes and should also be held accountable for them. they have destroyed. one of the poorest countries in the world according to act led in the u.k. their latest report from june has counted 90000 people killed in the war in yemen and that does not count. a child dying of hunger and disease every 10 minutes. the yemen data project run by british journalist diana craig has found that about one 3rd of the saudi led as strikes are in fact against civilian targets and so. the whole point of a non english to conclude hang

and it was only after he fled to aden and then to riyadh and. you know i'm not sure whether it was his idea or probably the saudis idea to suggest to him. that he should. adopt some sort of napoleon complex and claim to that he was still the president of yemen so on the pretext of. you know of restoring. a failed failed regime to power in yemen as as you said very well peter the saudis with. coalition which includes the united states and so you know president obama and president trump. are entirely complicit in these war crimes and should also be held accountable for them. they have destroyed. one of the poorest countries in the world according to act led in the u.k. their latest report from june has counted 90000 people killed in the war in yemen and that does not count a child dying of hunger and disease every 10 minutes. the yemen data project run by british journalist diana craig has found that about one 3rd of the saudi led airstrikes are in fact against civilian targets and so. the whole point i. conclude hang on nicholas i'm part of the p

will supports riyadh's right to defend itself president donald trump has ordered additional sanctions on iran but he's yet to announce the specifics though he called the measures substantial to iran continues to deny any involvement and says trump is just escalating an economic war against its citizens well we'll have iran's response shortly but 1st here's how it's got top of this with more on what side the arabia has said about the strikes on its all plants fragments of drones and cruise missiles this was the evidence the saudis said that iran was behind saturday's attack on the around co all facilities in the visit that did not order a formula. despite the on this front to make it so their collaboration with their proxy and body engine to create this false narrative is clear secondly. the attack was launched from the norm and was unquestionably sponsored of beit jala this attack was not a game this big be a cool off. it was an arsehole. community. but the defense ministry briefing in riyadh also left many questions for the foreign media where exactly where the attacks launched from

and it was only after he fled to aden and then to riyadh and. you know i'm not sure whether it was his idea or prison probably the saudis idea to suggest to him. that he should. adopt some sort of napoleon complex and claim to that he was still the president of yemen so on the pretext of. you know of restoring. a failed failed regime to power in yemen as as you said very well peter the saudis with their coalition which includes the united states and so you know president obama and president trump are entirely complicit in these war crimes and should also be held accountable for them. they have destroyed. one of the poorest countries in the world according to act led in the u.k. their latest report from june has counted 90000 people killed in the war in yemen and that does not. count a child dying of hunger and disease every 10 minutes. the yemen data project run by british journalist iona craig has found that about one 3rd of the saudi led ass strikes are in fact against civilian targets and so. the whole point of a non english to conclude hang

catastrophic implications for the global economy and send markets reeling it's a stark warning and one riyadh hopes will prevent military action by its long time rival a spate of attacks on saudi oil facilities allegedly orchestrated by iran earlier this month led to a huge spike in crude oil prices as saudi output sputtered in a rare interview with u.s. broadcaster c.b.s. the saudi crown prince issued a stern call to action. and that if the world does not take a strong and firm action to deter iran we will see further escalations that will threaten world interests oil supplies will be disrupted and oil prices will jump to unimaginably high numbers that we haven't seen in our lifetimes. saudi arabia is urging the u.s. to continue talks with the wrong with the hopes of reducing some of the political strain on the strait of hormuz the world's most vital shipping route for oil almost a 5th of the planet's crude passes through it making riyadh's warning all the more urgent. singapore is asia's undisputed oil hub let's go over to our correspondent there andrea hank and just how high are other poli

catastrophic implications for the global economy and send markets reeling it's a stark warning and one riyadh hopes will prevent military action by its long time rival a spate of attacks on saudi oil facilities allegedly orchestrated by iran earlier this month led to a huge spike in crude oil prices as saudi output sputtered in a rare interview with u.s. broadcaster c.b.s. the saudi crown prince issued a stern call to action. and that if the world does not take a strong and firm action to deter iran we will see further escalation that will threaten world interests oil supplies will be disrupted and oil prices will jump to unimaginably high numbers that we haven't seen in our lifetimes. saudi arabia is urging the u.s. to continue talks with the wrong with the hopes of reducing some of the political strain on the strait of hormuz the world's most vital shipping route for oil almost a 5th of the planet's crude passes through it making riyadh's warning all the more urgent. singapore is asia's undisputed oil hub let's go over to our correspondent there andrea hang and read just how high are the po

catastrophic implications for the global economy and send markets reeling it's a stark warning and one riyadh hopes will prevent military action by its long time rival a spate of attacks on saudi oil facilities allegedly orchestrated by iran earlier this month led to a huge spike in crude oil prices as saudi output sputtered in a rare interview with u.s. broadcaster c.b.s. the saudi crown prince issued a stern call to action. that if the world does not take a strong and firm action to deter iran we will see further escalation that will threaten world interests oil supplies will be disrupted and oil prices will jump to unimaginably high numbers that we haven't seen in our lifetimes. saudi arabia is urging the u.s. to continue talks with iran with the hopes of reducing some of the political strain on the strait of hormuz the world's most vital shipping route for oil almost a 5th of the planet's crude passes through it making riyadh's warning all the more urgent. singapore is asia's undisputed oil hub let's go over to our correspondent there andrea hang and read just how high are the political r

we are waiting for the saudi press conference in riyadh. up next, we will talk about how airbus is managing the global slowdown. my interview with the aircraft officerchief commercial is coming up. vonnie: and on "the david rubenstein show," nba commissioner adam silver discusses his role and how the league should benefit from changing sports betting regulations. that is at 9:00 p.m. new york time. this is bloomberg. ♪ >> would you like to own a piece of the betting profits in the league? >> not the prophets. i think our -- not the profits. i think our proposal, it is a bit controversial, but we have received something i've called an integrity fee. some people have said that is just a euphemism for getting a royalty. i say ok, call it a royalty. ♪ ♪ ♪ guy: the saudi defense ministry is holding a briefing in riyadh on the attacks that place on the world's largest crude processing facility over the weekend. saudi-ledg led by the coalition in yemen's spokesman. he is basely saying the attacks unquestionably were sponsored by iran, disp

and on august the 26th the rebels say they launched a drone attack on a military target in riyadh. let's bring in our guest in samara hussein. a yemeni affairs specialist via skype simon melbourne director of the richardson institute for peace studies at lancaster university in houston texas josh young portfolio bison interest and energy investment firm welcome to you all saying the latest attack of the oil installations in this. is this new phase in the conflict in yemen is this a new us collision. yes i believe is a new place and we remember that but if you are a drone attack on the oil pumping station and as well on. oil fields in saudi near united arab emirate it was kind of a message to saudi arabia that we're going to start to target you all. infrastructure but because the saudi actually has continued its war and its combat and blockade on yemen they haven't done anything to. agreement and that's why yemeni army here in sanaa has decided that they should bring this war to the backbone of the saudi economy which is the oil field and that's why they have targeted one of the lar

and other administration officials would be traveling to riyadh soon to coordinate a response. al-jazeera washington. a runoff vote is expected in tunis is 2nd presidential election since the arab spring revolution 2 outsiders are in the lead law professor and imprisoned media magnate may be able to cut away most of the votes have been counted at a press conference is expected soon stephanie decker is live for us in tunis most the votes have been counted what does it look like. well at the moment looks like top 2 as you mentioned there. previously unknown before the revolution really a constitutional expert law professor who became known by going on television and talking about the legalities of the constitution that they were drafting and then you have the bill cutaway you with as you mentioned behind bars facing charges of money laundering and tax evasion he's a man who's used his media company to highlight his chargeable work with the poor we were talking to people on the streets today and they're saying well this is why particularly elderly voted for him but most people we

and other administration officials would be traveling to riyadh soon to coordinate a response gabriels on al-jazeera washington. adult he has the view now from tehran. latest reaction to this event sort of unfolded is that the iranian foreign ministry spokesperson outpost mousavi has reiterated the country's position and that is that these accusations are baseless and it's not the 1st time that iran has received such accusations from the u.s. government the foreign ministry spokesperson up us who said he said that the yemeni people have the right to defend themselves and the iranians are not supplying weapons to the who see fighters there but that it is saudi arabia who is the aggressor and iran will continue to push for some kind of a peaceful resolution in yemen they've offered in the past to negotiate dialogue between all the parties involved they've stressed that the situation is yemen is critical to the stability of this region but when it comes to the blame that they are being accused of launching these attacks the iranians say that they have had nothing to do with it and that th

and other administration officials would be traveling to riyadh soon to coordinate a response gabriels on al-jazeera washington a dosage of body has the view now from tehran. the latest reaction to this events that have unfolded is that the iranian foreign ministry spokesperson outpost mousavi has reiterated the country's position and that is that these accusations are baseless and it's not the 1st time that iran has received such accusations from the u.s. government the foreign ministry spokesperson up us mousavi said that the yemeni people have the right to defend themselves and the iranians are not supplying weapons to the who see fighters there but that it is saudi arabia who is the aggressor and iran will continue to push for some kind of a peaceful resolution in yemen they've offered in the past to negotiate dialogue between all the parties involved they've stressed that the situation is yemen is critical to the stability of this region but when it comes to the blame that they are being accused of launching these attacks the iranians say that they have had nothing to do with it a

was an attack on us but we would certainly help them but despite the alliance between washington and riyadh there are doubts about how much clout saudi arabia has to force the u.s. into military action this has been very interested in the past few months. on many issues so the troubled ministry and the u.s. in general has looked willing to basically fight a war and we have the sultan's the who the rebels in yemen backed by iran claimed responsibility for the attacks on monday iran's president hassan rouhani flatly rejected the u.s. ascertain tehran was involved saying the who these were behind it and for legitimate reasons. the many people are exercising their legitimate right of self defense the attacks are reciprocal and the main solution is to halt these attacks the solution for the yemeni crisis is also political we believe that. president trump said it was a large attack against saudi arabia but could be met with an attack many times larger this is threatening language trump has used in the past against syria north korea and even iran without following through with significant military

and other administration officials would be traveling to riyadh soon to coordinate a response. al-jazeera washington. he has the view from tehran. latest reaction to this event sort of unfolded is that the iranian foreign ministry spokesperson on post mousavi has reiterated the country's position and that is that these accusations are baseless and it's not the 1st time that iran has received such accusations from the u.s. government the foreign ministry spokesperson up us mousavi said that the yemeni people have the right to the found themselves in the iranians are not supplying weapons to the who see fighters there but that it is saudi arabia who is the aggressor and iran will continue to push for some kind of a peaceful resolution in yemen they've offered in the past to negotiate dialogue between all the parties involved they've stressed that the situation is yemen is critical to the stability of this region but when it comes to the blame that they are being accused of launching these attacks the iranians say that they have had nothing to do with it and that the accusations a

and other administration officials would be traveling to riyadh soon to coordinate a response. al-jazeera washington. has reaction now from tehran. the latest reaction to this events that have unfolded is that the iranian foreign ministry spokesperson outpost mousavi has reiterated the country's position and that is that these accusations are baseless and it's not the 1st time that iran has received such accusations from the u.s. government the foreign ministry spokesperson up us mousavi said that the yemeni people have the right to defend themselves and the iranians are not supplying weapons to the who see fighters there but that it is saudi arabia who is the aggressor and iran will continue to push for some kind of a peaceful resolution in yemen they've offered in the past to negotiate dialogue between all the parties involved they've stressed that the situation is yemen is critical to the stability of this region but when it comes to the blame that they are being accused of launching these attacks the iranians say that they have had nothing to do with it and that the accusat

and other administration officials would be traveling to riyadh soon to coordinate a response. al-jazeera washington. has the latest reaction from terror on. the latest reaction to this events that have unfolded is that the iranian foreign ministry spokesperson outpost mousavi has reiterated the country's position and that is that these accusations are baseless and it's not the 1st time that iran has received such accusations from the u.s. government the foreign ministry spokesperson up us mousavi said that the yemeni people have the right to defend themselves and the iranians are not supplying weapons to the who see fighters there but that it is saudi arabia who is the aggressor and iran will continue to push for some kind of a peaceful resolution in yemen they've offered in the past to negotiate dialogue between all the parties involved they've stressed that the situation is yemen is critical to the stability of this region but when it comes to the blame that they are being accused of launching these attacks the iranians say that they have had nothing to do with it and that t

directly accused iran who insists that they went involved so your washington is now presumably waiting for riyadh to verify that is that even possible to actually say with any sass and did these attacks well the accusation against the rams was based upon where the oil facilities were damaged they don't look like they were damaged in the north and west or over to some of these which would mean that they get income from yemen but then i'd look closer at all the people of the closer of those photos and it's not quite clear it looks like some is just from the west could have been coming from yemen but don't forget who the 7 launch drones and the missiles against saudi arabia are were several months now none of them have been able to cause the damage that they did these did but this is not new for them to do so with the u.s. threatening potential military engagement what are its options now if it does decide to go ahead this presumably huge threat of escalation around the entire gulf region. well now if we would attack iran then that you would really have a very very very very violent conflict that wo

to boycott the arab world and the united states you're going down a very slippery slope only guns in riyadh. nobody's well i caught palestinians have with palestine is an integral part of the arab world mr greenblatt is someone who has is not only committed ideologically to the settler movement he is a contributor to the entrancement of the supplements regime which is illegal under international law in the heart of the occupied west bank so there was never. a moment where this administration even made a slight effort to give the impression that it has any inclination or any interest in being balanced in being objective it's the palestinian authority that have got to get with the program they live in the middle east that they essentially believe they are the center of the middle east and they're really they've really become a footnote and they're about to throw the throw themselves excuse me into the waste basket of history of unless they begin to engage with the greatest superpower on earth which is the troubled ministration who truly wants the best for the palestinian people and is trying

to boycott the arab world and the united states you're going down a very slippery slide only guns in riyadh. nobody's well i caught palestinians have with palestine is an integral part of the arab world mr greenblatt is someone who has is not only committed ideologically to the settler movement he is a contributor to the entrancement of the supplement regime which is illegal under international law in the heart of the occupied west bank so there was never. a moment where this administration even made a slight effort to give the impression that it has any inclination or any interest in being balanced in being objective it's the palestinian authority that have got to get with the program they live in the middle east that they essentially believe they are the center of the middle east and they're really they've really become a footnote and they're about to throw the throw themselves excuse me into the waste basket of history of unless they begin to engage with the greatest superpower on earth which is the troubled ministration who truly wants the best for the palestinian people and is trying y

to boycott the arab world and the united states you're going down a very slippery slope only guns in riyadh. nobody's well i caught palestinians have with palestine is an integral part of the arab world mr greenblatt is someone who has is not only committed ideologically to the settler movement he is a contributor to the entrenchment of the supplement regime which is illegal under international law in the heart of the occupied west bank so there was never. a moment where this administration even made a slight effort to give the impression that it has any inclination or any interest in being balanced in being objective it's the palestinian authority that have got to get with the program they live in the middle east that they essentially believe they are the center of the middle east and they're really they've really become a footnote and they're about to throw the throw themselves excuse me into the waste basket of history of the less they begin to engage with the greatest superpower on earth which is the troubled ministration who truly wants the best for the palestinian people and is trying

correspondent all of a sudden welcome all of us so how will this new evidence from riyadh affect washington's position or president trump 1st of all will see his position strengthened of course the u.s. administration has been in the opinion for days now that it's iran behind this attack carried out on a saudi arabian oil refinery they provided their evidence now there is evidence provided by saudi arabia in addition to that so they believe it's very clear in the overall assumption has always been that the weapons used a mix of drones and cruise missiles are simply too sophisticated for the who through rebels who claim to be responsible in the 1st place and continue to do so so what's going to happen from now well the position of washington won't change in the overall goal has always been to get iran back to the negotiating table to renegotiate the nuclear deal from which the united states withdrew they believe that iran is still working on a nuclear bomb but at the same time with these sanctions raised again today it's very unlikely that we are getting closer to a diplomatic solution as the

to boycott the arab world and the united states you're going down a very slippery slope only guns in riyadh. nobody's well i caught palestinians have with palestine is an integral part of the arab world mr greenblatt is someone who has is not only committed ideologically to the settler movement he is a contributor to the entrancement of the supplements regime which is illegal under international law in the heart of the occupied west bank so there was never. a moment where this administration even made a slight effort to give the impression that it has any inclination or any interest in being balanced in being objective it's the palestinian authority that have got to get with the program they live in the middle east that they essentially believe they are the center of the middle east and they're really they've really become a footnote and they're about to throw the throw themselves excuse me into the waste basket of history of the less they begin to engage with the greatest superpower on earth which is the troubled ministration who truly wants the best for the palestinian people and is tryin

frank gardner, bbc news, riyadh. david mack is a former us ambassador to the united arab emirates and is a scholar at the middle east institute. and hejoins me now. david, at the moment, is thisjust and hejoins me now. david, at the moment, is this just a war of words? no one really wants direct military combat here, do they?” no one really wants direct military combat here, do they? i don't believe so. i think in both riyadh and washington and certainly in tehran, there is not a desire for conflict for various reasons, which we can go into. but we are really, i'm most interested in the policy dilemma for the united states, which is one that president trump has created for himself. is this because he's obviously said that they are locked and loaded a week ago, and now they are talking about sending troops in, and backed himself into an aggressive corner? well the background was when he withdrew from the nuclear agreement that had been negotiated with iran, painstakingly by the previous administration, along with al

in response to an alleged iranian strike on an oil facility claims even riyadh knows it's not some blame. free traders from america's largest bank are charged under legislation designed to target the years of. price manipulation ati's might sometimes have believed that's a good reason why they got away scot free. eric holder who was the attorney general under obama when this 1st came to light said that market manipulation and fraud were important for the american economy and that he is the attorney general.

guy: the saudi press conference is still ongoing in riyadh. the defense ministry announcing that this weekends attacks were unquestionably sponsored by around. weekend's attacks were unquestionably sponsored by iran. pointing a finger vaguely in the direction of iran at the moment, but we are waiting for further details for that finger to be to be pointed a little more concretely. bloomberg's yousef gamal el-din is joining us now from riyadh. your assessment of what the s have been saying. a lot of images, a lot of physical evidence that has been displayed on the floor of the press conference, and very much an effort to try and build a case that this has been sponsored by iran. you mentioned some of the key points. the spokesperson in this news briefing, when it comes to where this was fired from, they are saying that they've done the calculations, and it could not have come from yemen. their argument is it would have likely come from a rock or iran -- come from iraq or from iran. building the case to share evidence with the united toions in d

was an attack on us but we would certainly help them but despite the alliance between washington and riyadh there are doubts about how much clout saudi arabia has to force the u.s. into military action this has been very interested in the past few months. on many issues so the troubled history and the u.s. is not willing to basically fight a war we have the so it's the who the rebels in yemen backed by iran claimed responsibility for the attacks on monday iran's president hassan rouhani flatly rejected the u.s. ascertain in tehran was involved saying the who these were behind it and for legitimate reasons. the many people are exercising their legitimate right of self defense the attacks are reciprocal and the main solution is to halt these attacks the solution for the yemeni crisis is also political we believe that. president trump said it was a large attack against saudi arabia but could be met with an attack many times larger this is threatening language trump has used in the past against syria north korea and even iran without following through with significant military action but clearl

yousef gamal el-din in riyadh, thank you. let's get a first word business flash with annabelle droulers in hong kong. tiffany's is planning more stores in china. they want to attract greater demand to offset a fall in chinese luxury shopping overseas. in an interview, the chief executive told us he is streamlining operations to cope with the trade war. >> the effect on mainland china, so it is something that is beyond our control but we want to deal with it, but not just by increasing prices so we will act on efficiencies in order to mitigate this factor. has cost: brexit london only 1000 investment banking job so far according to a report. estimates of hundreds of thousands of positions shifting to the eu and the firm says it is down to some firms waiting for clarity on brexit. microsoft is buying back as many as $40 billion of stock. the world's largest software maker boosted its quarterly dividend to $.51 a share. flush with cash, microsoft has been a market buyer of its own share for nearly 20 years. its market cap remain

arabia he said his fighters would stop targeting saudi arabia with drones and other weapons but only if riyadh agrees to cease its own fire. fighting the saudi backed forces in yemen they claim responsibility for the attacks on saudi arabia's oil facilities so we can feel like people are asking we reserve the right to respond if they fail to reciprocate positively to this initiative the continuation of this rule will not benefit any side on the contrary it could lead to dangerous developments which we do not wish to take place we say this knowing that the ones who would suffer more are the enemy nation for saying he is a pro hooty journalist he spoke to al-jazeera earlier and said if saudi arabia doesn't abide by the cease fire the more attacks are likely to come from the duties . of the attack on saudi. which has actually stopped their 5700000 barrel of the output of saudi that's why that attack like send a strong message to saudi arabia that we can't respond toward your war against yemen but i believe that if the saudi did not accept this ceasefire i believe that our more attack to come that

there's a lot of red faces in washington and riyadh right now i mean do they have do they actually use this military hardware or is it the wrong kind or is it just expenditures no one is really explained this but of course we know one thing it's a rants. it will the big joke typically has been the saudi arabia has this huge wonderful military but nobody knows how to use it. however it says the problem goes a bit deeper than that i think because it also shows you can truly measure military strength as soul in terms of the amount of money you spend on arms. for certain.

attacks on 2 of its all facilities which cut its oil production by 50 percent a news conference in riyadh the defense ministry spokesman displayed debris he said proved it rained in involvement tokyo moki said 18 drones and 7 cruise missiles were fired from the north and could not have come from yemen yemen's hoofy rebels who say they carried out its track of dismiss the evidence presented by saudi arabia as fabricated but that was launched from the law and was other course sponsored by the ya yas continued addition the sponsorship of terrorist group. it's a variance in money time commuters the president called put it to us all we call or we call on the international community to acknowledge your own ally in a city and the region meanwhile your sector state might pompei or has arrived in saudi arabia he met saudi crown prince mohammed bin some man in jeddah to share intelligence on their tax ahead of that meeting president donald trump announced a further escalation of u.s. sanctions on iran. israel's 2nd election this year has again failed to produce a clear winner leaving a question mar

. >> 11:06 there in riyadh, patience winning on the day. nic robertson, thank you. >>> global oil prices dropped tuesday following that surge on monday, which sent financial shock waves around the world. why do prices fall? large lay because the saudis announced they will sharply raise it. john defteriodefterios. john, what's the time frame? >> it was going to be weeks. now it appears it will be not four to six weeks but two to four weeks. that's a huge difference. that means the saudis will not have to drain their reserves. last night we heard from the brother of memohammad bin salma. here's amin nasser. >> we will be back at our production levels before that time, by the end of this month. >> if not earlier. >> if not earlier, but by the end of the month, we will be more definitely. >> so capacity going to 11 billion a day but they'll produce just under 10. some news from amin nasser. he said they don't have to deplete their own reserves, they don't think the u.s. steps in and they'd love to be the swing producer or the one who steps up b

if we look at it it's nothing to go to war over well if we look at defense you know riyadh has spent billions of dollars on us on this and uses the american made page a defense system how was a breach even possible. well because the materials and the and the missiles themselves apparently were stealth and they don't and they have not purchased from the united states the type of radar systems that can detect stealth the u.s. won't sell it till now there are some countries particularly the czech republic not a tesla that has a type of radar that can detect stealth in fact that's what was used. in bosnia to shoot down the f. 117. years ago during the clinton administration they had a radar system that allowed them to track and it was a radar system that when i was that the defense department we were denying to iraq and other countries because it could detect stealth and apparently the saudis don't have a no it's my understanding they've turned around and there they've put out bids for technologies to detect it detect such. missiles and incoming drones and you know they've got the money

in response to an alleged iranian strike on an oil facility claims even riyadh knows it's not to blame. but themselves.

will support riyadh right to defend itself president trump has all that additional sanctions on iran which he called substantial tehran denies involvement and says trump is escalating an economic war against its citizens meanwhile the u.n. has sent a team of experts to saudi arabia to investigate the attacks will get iran's response shortly but 1st here's alex the topless with more on what saudi arabia said about the attacks fragments of drones and cruise missiles this was the evidence the saudi said that iran was behind saturday's attack on iran kuo facilities in this attack did not. despite efforts to make it. their proxy in the region to create this. is clear secondly. there. was a course. this. was not a game. so. it was an arsehole. community. but the defense ministry briefing in riyadh also left many questions for the foreign media where exactly were the attacks launched from and how did saudi arabia's sophisticated air defense system not spot the missiles leaving critical infrastructure unguarded some defense analysts were skeptical the attacks were launched from iran the sate

and on august the 26th the rebels say they launched a drone attack on a military target in riyadh. let's bring in our guests in. a yemeni affair specialist via skype simon le bon director of the richardson institute for peace studies at lancaster university in houston texas josh young portfolio bison interests. wild come to you all. the latest attack of the oil installations in this. is this new phase in the conflict in yemen is this a new us collision. yes i believe is a new place and we remember that but if you are a drone attack on the oil pumping station on as well on. oil fields in saudi near united arab emirates it was kind of a message to saudi arabia that we're going to start to target you all. infrastructure but because the saudi actually has continued its war and its combat and blockade on yemen they haven't done anything to. agreement and that's why yemeni army here in sanaa has decided that they should bring this war to the backbone of the saudi economy which is the oil field and that's why they have targeted one of the largest. oil production site in the ward and i thi

give me a sense of the mood in riyadh. what is the likely response from the saudi's today? >> there is an aura of trepidation over riyadh as the rest of the country -- the conversations i have had make it clear much of the public in is trying to raise awareness on that front. the setback on the attack largely means there is quite a bit more pressure on the saudi government to come out with a firm response. the first step toward that we got overnight was a statement from the foreign ministry. this may be more important than chasing the oil price down a rabbit hole. take allom is going to measures to ensure safety and is capable offirm defending its land and it is going to respond strongly to this aggression. the first part of that is going to be bringing in investigators to find out where those missiles come from. the iranians say all of this is not true. how have saudi assets fared in the last 24 hours? do we still have the uncertainty in terms of how long it is going to take to restore the output? >> this has been interesting to watch. on the one hand, you have metrics tha

access to the trials but he ses we don't take this issue as a by later relation between ancora and riyadh that's why now we believe that national courts are international course can so it can solve the problem can provide justice but prisons are done sais is justice must be ensured otherwise the murder case will not be shed light on bet's why he stays took you will be still after this case but it is interesting to see a change of tone in in turkish politicians statements especially after the crown prince interview on peut on p.b.s. but of course turkey wants to wait and see what's going to happen especially in the cell the of course at the end of the day there are some international legal tools. turkey can't process it can't proceed with like taking this case to the united nations because turkey is because there are some other countries who supported who supported this case should be a should have been taken to the united nations but of course it's seems they are giving some time to riyadh to see how the court proceedings the justice system will continue in terms of punishing those perpet

yeah it was an asshole national community but the defense ministry briefing in riyadh also left many questions for the foreign media where exactly were the attacks launched from and how did saudi arabia's sophisticated air defense system not spot the missiles leaving critical infrastructure unguarded but some defense analysts were skeptical the attacks were launched from iran the satellite images appear to show that some of the strikes came from the northwest this becomes an increasingly more likely scenario that most of these flying devices were. launched from the area area between. iraq and iran were i don't think is likely is that the iranians were launching a from their own. and using always in their own devices is there is something that can be traced. and investigation will eventually show where or where the launch was moments after the saudi briefing the rebels held a news conference of their own in sanaa dismissing the saudi question of events claiming responsibility for the strikes the who the spokesman stressed of the damage from the attack was extensive and gave this warni

was an attack on us but we would certainly help them but despite the alliance between washington and riyadh there are doubts about how much clout saudi arabia has to force the u.s. into military action this has been very interested in the past few months. on many issues so the trouble ministration and the u.s. in general has looked willing to basically fight a war and we have the so it's the who the rebels in yemen backed by iran claimed responsibility for the attacks on monday iran's president hassan rouhani flatly rejected the u.s. ascertain tehran was involved saying the who these were behind it and for legitimate reasons. the many people are exercising their legitimate right of self defense the attacks are reciprocal and the main solution is to halt these attacks the solution for the yemeni crisis is also political we believe that. president trump said it was a large attack against saudi arabia but could be met with an attack many times larger this is threatening language trump has used in the past against syria north korea and even iran without following through with significant milita

and on august the 26th who rebels say they launched a drone attack on a military target in riyadh. let's bring in our guest in sun. city a yemeni affairs specialist via skype simon le bon director of the richardson institute for peace studies at lancaster university in houston texas josh young portfolio bison interests an energy investment firm wild come to you all. the latest attack of the oil installations in this. is this new phase in the conflict in yemen is this a new us collation. yes i believe is a new place and we remember that but if you are a drone attack on the oil pumping station and as well on. oil fields in saudi near the united arab emirates it was kind of a message to saudi arabia that we're going to start to target you all. but because the saudi actually has continued its war and its combat and blockade on yemen they haven't done anything to day that agreement and that's why yemeni army here in sanaa has decided that they should bring this war to the backbone of the saudi economy which is the oil field and that's why they have targeted one of the largest. oil produ

will support riyadh right to defend itself president trump has ordered additional sanctions on iran which he called substantial tehran denies involvement and says trump is escalating an economic war against its citizens meanwhile the u.n. has sent a team of experts to saudi arabia to investigate the attacks here's a look at topless now with more on what saudi arabia said about the attacks. fragments of drones and cruise missiles this was the evidence the saudi said that iran was behind saturday's attack on the iran co all facilities. there's a video of orderly formula. despite this effort to make it. their collaboration with their proxy and body engine to create this false narrative is clear secondly that that was a line from the norm and was unquestionably respond sort of beit jala this attack was not a game this the kingdom of the article also get a beata. it was an arsehole. community. but the defense ministry briefing in riyadh also left many questions for the foreign media where exactly were the attacks launched from and how did saudi arabia's sophisticated air defense system not spo

spokesman colonel tokyo maliki said a total of $25.00 drones and missiles were launched at 2 installations riyadh is calling the attacks an assault on the international community and says those responsible should be held accountable this attack did not order needs from yemen. despite you know on this front to make it so their collaboration with their proxy anybody engine to create this false narrative is clear. secondly that that was a launch from the law and was course sponsored by this attack. was not a game is. so the article also get it yeah it was an arsehole international community a deliberate attempt to destroy the global economy and the energy industry it was one of prompt to international law and those responsible should be held accountable for their actions it was. their sponsorship of terrorist groups. and interference anybody time commuters to present . to us or we call what we call upon the international community to acknowledge iran maligned activity and very. well a spokesman for yemen's goals spoke after that news conference and said the evidence presented by saudi arabia was fab

questions about the nature of the saudi support for example who gave instructions to the saudi official in riyadh to give this kind of support to the hijackers the saudi hijackers who are here in california it opens a whole host of questions about the nature of official saudi involvement in the 911 attacks lawyers for victims of the $911.00 attacks say they are pleased with the justice department's decision but say they look forward to more revelations coming out in the coming days and weeks this all comes at a critical time in relations between riyadh and washington october 2nd marks the one year anniversary of the murder of journalist jamal khashoggi at the saudi consulate in istanbul a killing the cia said was likely ordered by crown prince mohammed bin. but u.s. president donald trump still considers saudi arabia a key u.s. ally because in part the kingdom buys billions of dollars in arms purchases from the us some of those arms used in the saudi led war in yemen now in its 5th year it has killed tens of thousands of people but for the victims of the worst attack on u.s. soil getting to know

with more, yousef gamal el-din joins us from the dead -- riyadh. as we wait for more details, for the response from the saudi's. yousef: a sense of shock. the public discourse. how could any into tk close to the heart and soul of the saudi energy system? quite a bitere is of pressure on the saudi government to come up with an answer and be able to defend themselves. they have come out with a statement in the last few hours, a direct quote from the foreign ministry saying they will take all measures to ensure the safety and security, they affirm they are capable of defending their land and iranians continue to dismiss any possibility of potential negotiations. questions still around what comes next. anna: what about market reaction? in have saudi assets fared the last 24 hours? yousef: we just came back online in the last few minutes and quite a bit pressure continues on petrochemicals. they make the argument that higher oil risk premium could outlast the supply recovery, which could bode well from a macro perspective for the kingdom and some of the

is locked and loaded waiting for confirmation as to who attacked riyadh's oil facilities secretary of state might palm pails of ready accuse iran of the attacks but they've been claimed by yemen's who the rebels and tehran's denied involvement . ballot papers are being counted in tunis is presidential election official results aren't expected until tuesday but supporters of 2 candidates chi saeed in the bill car we are already celebrating both having claimed to have won the 1st round sunday's vote was june easy a 2nd presidential election since the 2011 revolution. and neighboring elder. area is due to hold its presidential election on december the 12th the dates being announced by the interim president up till carbon sali the country's been looks rocked i should say by months of protest since the former president abdelaziz bouteflika was forced to resign in april after almost 20 years in power and the israeli prime minister benjamin netanyahu has threatened to unexplored parts of occupied palestinian territory if he's reelected the palestinian government and farmers a valid to protec

stop targeting saudi arabian territory so long as the kingdom also holds its fire but they warn that riyadh or suffer the greatest damage if it continues the war. the us president has dismissed a whistleblower complaint against him as a political hack job more details of emerged about the complaint which centers around trump's conversation with a world leader which donald trump says was toast. appropriate a white house correspondent kimberly holcomb has more. a state visit between the leaders of the united states and australia overshadowed by questions of political impropriety by u.s. president donald trump i've had conversations with many leaders that always appropriate for the oval office trump defended and downplayed the allegations he abused his position of power during a phone conversation in july with ukraine's president vladimir selenski allegedly asking him to investigate a democratic presidential opponent former vice president joe biden it doesn't matter what i discuss but i will say this somebody ought to look into joe biden statement because it was disgraceful and somebody ought