Episode 5658: Enemy Of The Christian West; Saudis Involvement With 9/11

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Bannon`s War Room 54 min 4 speakers 8 chapters transcribed 3 days ago

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How are the Bab al‑Mandeb Strait and the Strait of Hormuz affecting global oil flow?

Ali Velshi 0:00

The front has opened up in Donald Trump's war with Iran that threatens to destabilize the global economy even further and send oil price spikes yet higher. Today, Iran-backed Houthi rebels in Yemen seized an island in the Red Sea, giving them strategic control over yet another key oil conduit. This is the Bab el-Mandeb Strait. You can see it on this map. OK, the Strait of Hormuz is on the top part. Look at the bottom there where the Red Sea is. Together, both waterways serve as shipping conduits for one third of the world's oil. Now, Saudi Arabia started sending more oil through the Bab al-Mandab when the war with Iran shut down with the Strait of Hormuz. Right. Because if it can get its oil to the Red Sea, it can go out around the Horn of Africa and Yemen.

Ali Velshi 0:46

Using this east-west pipeline, the Saudis move oil to the Red Sea, the ships load it, and they transport it to Asian markets. But today, the Saudis were forced to shut the pipeline down because of drone attacks that are launched from Iraq. It's another sign that despite Trump's insistence that the war is on the verge of ending soon, he's not only not winning the war... The war has spun well out of his control. And in fact, the Wall Street Journal reported this week that Trump's own top advisers have informed him that the war could drag out through the remainder of his term, not the midterms that are coming in November, his presidential term. And it doesn't even really matter what Trump says anymore because the political implications of what Trump has done with this war are now inescapable.

Unknown 1:30

India is hosting the BRICS leaders summit in New Delhi over the weekend bringing together leaders from major emerging economies. China's Xi Jinping is visiting for the first time since 2019. Vladimir Putin is making his first in-person appearance at a BRICS summit outside Russia since the 2022 invasion of Ukraine. Their presence along with Iran's massive parish can work with the focus of the ongoing conflicts in the Middle East and Ukraine which have tested the BRICS push for a unified global voice and greater economic clout. The summit also comes amid strong criticism of breaks from U.S. President Donald Trump who views the grouping as a challenge to American power. That's forcing New Delhi to strike a delicate balance to reduce possible friction with Washington.

Unknown 2:24

The event has been a relatively low-key one in sharp contrast to the spectacle three years ago when world leaders descended on India's capital for the G20 summit. Xi's attendance reflects a thaw in bilateral relations with India, but it is his visit to Washington in less than two weeks that remains one to watch. The BRICS members represent around a quarter of the world's nominal GDP and roughly half of its population. They will look to strengthen food and energy security, disaster preparedness and critical supply chains in an increasingly fragmented world.

Ali Velshi 3:00

Because these were both of these were not terms that most people knew or used. Right. There were two random straights in the Middle East. We didn't think about what if you go up from the Bab al-Mandab through the Red Sea, you end up at the Suez Canal. And we remember a few years ago, one ship got stuck in the Suez Canal and how it gummed up global trade for a while. This is a super serious issue. Whether or not Iran, Donald Trump and Pete Hanks and say they're running out of missiles, they don't have. It's almost like they don't need the missiles. The things they're doing these days are interesting. And you're right. They might be trying to get us to use our patriots and our fads. But but the fact is that economic choke point might be more significant than anybody's missiles and drones right now.

David Rohde 3:40

And if you remember, I don't know, a few weeks ago, I don't know which month there was actually an attack on an Egyptian, a ship off the coast of Egypt. And it appeared to be, you know, Iranian drones had flown that far. And what you know, what there were attacks on the east west

Ali Velshi 3:56

pipeline

David Rohde 3:56

pipeline in Saudi Arabia, drones again.