Google Speech-to-Text API Automatic Transcription (Chirp). Treat it as a searchable index of what was broadcast, not a quotation record.
00:00:00are baseless, it's very unfortunate
00:00:04that the great government is distorting
00:00:07street, because it's perfectly true, and you don't even need
00:00:11Turkish sources, of course, there are many Turkish sources about that, but you don't need Turkish
00:00:14sources to establish that the Greek
00:00:17of Army has carried with in 1922 a particularly violent
00:00:21policy or scores earth policy, which means we have
00:00:24lost, so we will destroy
00:00:26of everything to leave only a desert to the turks. This is
00:00:30what happened, you can see that in the French sources, in the British sources, in the
00:00:34American sources,
00:00:35of Italian
00:00:36of sources are all demonstrated the store
00:00:39of the destruction and
00:00:40of the killings of Turkish and Jewish civilians
00:00:43and
00:00:44also, if you read for
00:00:48example the American and French records, you see
00:00:52that the unanimity of Greek and Armenian
00:00:55of refugees who arrive as refugeees in September, October, said we have been.
00:01:00forced by the Greek army, not the Turkish army, to leave or
00:01:03villages, it was the same in eastern traice, a bit later in
00:01:071922, the civilian civilian
00:01:11population was forced by the Greek army to leave its
00:01:15villages and
00:01:18of a cities with the same rational, we cannot keep this territory, we will take with us the traders and
00:01:21the artisans which are very useful for the local
00:01:24economy, let's return to our top
00:01:28story, the... relating fighting between the Huithis and Yemen
00:01:32Saudi-backed government, the conflict is also raising fresh concerns for
00:01:36global energy supplies with renewed hoothi activity near the
00:01:39Bub Almandab straight, putting one
00:01:41of the world's key shipping routes in focus. Oil prices settled about
00:01:451% higher on Monday, as traders weighed the risks to tanker
00:01:49traffic and the wider impact on global energy security. For more
00:01:53on what this means for oil markets and the global energy outlook? I'm joined
00:01:57from Bangkok by energy and oil market analyst.
00:02:01Sharma who is attending Gastech 2026,
00:02:07good to one have
00:02:07Really you of the world's largest gatherings back of the natural gas industry. with us Garov. Oil prices initially jumped more than
00:02:114% today. What's the market telling us about how
00:02:15seriously traders are taking this latest
00:02:17escalation?
00:02:20I was good to be back on the program. I think what we have witnessing is that we are sort
00:02:24of back to March, April levels, the height
00:02:26of the Iran war, and the reason for that is not because there is... shortage in
00:02:30of oil in the market, but rather both choke points, hormos
00:02:34and babal mandab straight are causing a lot of consennation
00:02:37in the market. in this part
00:02:39of the world, asia, there is lot of reliance on middle
00:02:42eastern crude, there is some relief from US oil
00:02:46exports coming to this part
00:02:47of the world, but there still a lot of anxieties both on oil and the natural
00:02:51gas
00:02:54of of front. now the Saudi Eastwest pipeline is
00:02:56a critical alternative route for exporting oil while the straight of
00:03:00moz is disrupted, how significant would it be for global
00:03:03supply if that pipeline remains offline for an extended
00:03:07period? i think that's a great question, what we
00:03:11had here was that the saudis had pivoted to that
00:03:14pipeline, now there is disruption, they were using this critical artery
00:03:18to mitigate their exposure to the straight of hermoos and there
00:03:22was some relief out in Asian markets, the the peak of jet fuel
00:03:26prices etc that we saw in the summer had sort of kind of...
00:03:30down now again tensions back in the market because the sheer volume
00:03:34of crude that was being exported from that part
00:03:36of the world has started to hit the supply chain in Asia.
00:03:40now what we have here is is kind of like the paradoxical
00:03:43situations that the Saudis are exporting less,
00:03:47but in fact given the 300 three figure oil prices above
00:03:51$100, they are tend to the sort of pulling in more
00:03:54of revenue and that is not good for some
00:03:57of the economies, the emerging markets out in Asia. where oil prices are causing
00:04:01a lot of inflationary pressures, we know the straight of
00:04:05formus has been largely shut since this war began, yet the
00:04:09market reaction today was relatively contained despite the
00:04:12of latest incidents, has the market already priced in much
00:04:16of the risk or could be be looking a much sharper price shock if
00:04:19another major supply route is
00:04:22disrupted. i think quite a bit
00:04:25of the the the risk has been priced in, you if you're
00:04:29looking at this situation. say say 10 years ago and this was not happening,
00:04:32adjusted for inflation, we'd be looking at $200 oil prices,
00:04:36the only, the one and only reason that has not happened is because there
00:04:40is lot of American light sweet crude which is heading to the high
00:04:44demand markets out in Asia, Thailand where I am, Vietnam,
00:04:48a Cambodia, China, there we say, so what we're seeing here is that
00:04:51US supplies are
00:04:54in mitigating some
00:04:54of the price pressures, but you can only do as much because this is a
00:04:58market that trades on... now says
00:05:0220% or fifth
00:05:03of the world supplies are being impacted with the skirmishes in the middle
00:05:07east, i mentioned you're joining us from gas tech,
00:05:10one
00:05:11of the biggest gatherings
00:05:12of the global natural gas industry, are we now seeing
00:05:15a broader reassessment of energy security with governments and
00:05:19companies looking beyond oil and gas from the gulf and
00:05:22accelerating efforts to diversify their supply
00:05:25chains? well, absolutely, see at high
00:05:29points and at low points, there is the owners and project
00:05:32operators in the oil and gas sector to automate, and i've done some research with
00:05:36snard electric which points to the fact that some the high demand markets
00:05:40out in Asia and of course the big venders in the Middle East,
00:05:44especially Saudi Arabia and the UAE are pivoting more and more
00:05:47towards automation, so to use the old industry
00:05:50expression, do more with less or your burn less
00:05:54oil to have a higher output, and that has been reflected
00:05:58across the supply chain, whether we are talking about the importers or
00:06:02whether we're talking about the exporters who are trying to mitigate their exposure and
00:06:06maximize what they can extract out the the the currently high battle
00:06:10prices. Okay, got. will leave it there, thank you so
00:06:13much again for taking the time to speak with us, thank
00:06:17you for having me. Donald Trump is pushing back
00:06:21against growing fears over artificial intelligence, calling efforts to
00:06:25rain in the technology, part of what he describes as sick
00:06:29conspiracy. The US president is dismissing warnings from tech
00:06:32leaders at companies including anthropic, open AI and space
00:06:36x, were calling for greater government oversight of AI and
00:06:40warning it could pose an existential. threat to
00:06:43humanity, it's something that we're
00:06:46concerned by, but we want to make sure that we we actually regulate smartly
00:06:50and we're we're we're thoughtful about the risk here, so there are obviously
00:06:54risks to AI, there are some benefits to AI, i have
00:06:58to say just personally, i feel a little bit
00:07:01weird about the fact that you have so many frontier AI
00:07:05tech companies kind of coming to the government and begging the government to
00:07:09regulate them, it feels a little bit to me like a bit of a trogan. so
00:07:13I think we just
00:07:13have to be careful about this from
00:07:17Washington DC, and explains why the
00:07:21US administration is so wary of regulating the AI
00:07:24industry. While the AI companies are
00:07:28concerned about the risks of AI, the government is
00:07:32weighing the risks of AI against competition with
00:07:36China, they are arguing that the AI companies are
00:07:40America's great strength against their comp China
00:07:43and that the regulations might slow them down,
00:07:46and similar things were happening previously
00:07:50with social media companies, right? The government that time wanted to put
00:07:54guard rails on them, and that actually escalated
00:07:57further, and they testified in Congress, we saw Mark
00:08:01Zuckerbert appear in Congress, but this is part the same
00:08:05story. One the major reasons America is able to keep its
00:08:09competitive advantage against China alive, is... companies
00:08:13constantly innovating, it was social media
00:08:17companies in the previous decade, and now it's AI
00:08:20companies and for the government, while there are risks involved,
00:08:24they're clearly also keeping in mind the competition
00:08:28with China, and they don't want to impede the
00:08:32companies and they want to keep the innovation, the pace of innovation
00:08:35forward, as as the current government of course, the
00:08:39Republican administration, they
00:08:41are they're also... historically resistant against guard rails
00:08:45on uh open market uh competition,
00:08:49so that's currently where everything stands with AI,
00:08:52the Trump administration is hoping to
00:08:56uh limit the amount of guard rails and hoping to uh
00:09:00increase the speed of innovation with AI companies at the
00:09:04cost of not seeing eye to eye with the heads the companies
00:09:08themselves.
00:09:11Africa's biggest over share sale has opened to investors in Lagos
00:09:15with Dangote refinery asking ordinary Nigerians to get behind
00:09:19its fundraising drive. There are already signs of strong demand
00:09:23with more people expected to apply than there are shares available.
00:09:27Hillary Noruka report. We are making history today. The
00:09:31Dangote refinery IPO has opened for subscription on the Nigerian
00:09:34exchange, putting one of Africa's biggest industrial projects
00:09:38directly in the hands of public market investors. The offer.
00:09:42for 4.1 billion shares at 525
00:09:45each, that's 40 cents, potentially
00:09:49raising about 1.6 billion dollars. at that
00:09:52price, the refinery is being valued at roughly $48 billion
00:09:56dollars, but at last week's signing ceremony, aliko
00:10:00dangote said the IPO is about more than raising money to
00:10:04double its capacity. what we are trying to do is to make sure
00:10:07majority of all all these, my our
00:10:10drivers, our cooks, our uh
00:10:14you know servants, our managers, everybody, they will
00:10:17have an opportunity to have a stake in
00:10:21this refinally, and sure enough, investors have
00:10:25flauded investment portals, leading to the crash of no fewer than
00:10:29two investment apps. The Nigerian Exchange temporarily
00:10:33posted on X just hours after the IPO opened that
00:10:37about $400,00 people had subscribed to billion dollars worth of
00:10:41equity. Even before the IPO opened for subscription, the
00:10:45Nigerian stock market witnessed bearon with investors pulling
00:10:49their money out of other equities, waiting to put it in the
00:10:52IPO. Before, messages could
00:10:56land uh in their
00:10:59destinations to some these clients, lot them had already
00:11:02peltering, i started peltering our accounts with
00:11:06payments,
00:11:07you know they already dumping money, paying you
00:11:10know to uh take part
00:11:14in the IPO. African market leaders were
00:11:18well represented at the IPO offer presentation, showing
00:11:22how connected to the refinery they are. is Africa's
00:11:25wealth, and what I mean is that we as Africans, we need to roll up our
00:11:29sleeves to make sure that we actually release the
00:11:32value, that is African resources.
00:11:36Dangote has become a security anchor following the US war
00:11:40on Iran, presenting Africa and the rest the world with viable
00:11:44alternative to the Middle East. It filled gaps in western Europe and
00:11:48is currently negotiating long-term contracts with Ghana,
00:11:52Kenya and South Africa. but the big question for
00:11:55investors today is whether the offer price of 525
00:11:59n which is about 40 cents leaves enough room for the
00:12:03share to appreciate when it eventually trades on the
00:12:07NGX. some analysts have valued the refinery
00:12:10substantially higher.
00:12:12an issuing house puts it equity value at about $57
00:12:16billion dollars while another estimated about
00:12:1961 billion. for the markets, the dangote IPO is
00:12:23therefore not simply a test of African's appetite for
00:12:26shares. It is also a test of whether investors believe the
00:12:29refinery can sustain its extraordinary recent
00:12:33profitability and justify valuation of about
00:12:36$48 billion dollars. Hillary
00:12:39Noruka, TRT World,
00:12:42Lagos. And that's the news for now.
00:12:45Don't forget you can visit our website for details on all of our main stories.
00:12:49You'll find them at TRTworld.com or follow us on X at
00:12:53TRTworld. Stay with us, headlines and
00:12:56next.
00:14:18I repeat, this is you,
00:14:20get in the closet, let's go, get in the closet,
00:14:24so... Sometimes hiding might
00:14:26be the best choice, sometimes running might be the best choice, sometimes you're
00:14:29going to have no choice but to defend yourself. I feel safe at
00:14:33school, nobody feels safe. I think that some
00:14:37the teachers should have pistol or something hidden in the
00:14:40classroom to protect the students.
00:14:43I don't want to have to carry a gun,
00:14:45I don't want to have to have a bulletproof vest, but the times in
00:14:48which we live are dictating that.
00:14:52Storyteller, the bad guy on. RT
00:14:55World,
00:15:10you're watching TRT World, I'm Oscar Sabakti with reminder of our
00:15:14main headlines. Yemen's Saudiled coalition says 13
00:15:18civilians have been injured a missile and drone attacks by the Ansar
00:15:22Alahutis on three Saudi cities. On Monday,
00:15:25Yemen's army said it
00:15:26had struck hoothi positions along the Red Sea coast. Meanwhile,
00:15:30the U.S. Vice President says Washington is concerned that the
00:15:34group seized another island near
00:15:36the Bab Almandab straight. "we've been in constant contact with
00:15:40the Emirates, the Saudis and others who are affected in the region, so it's something the
00:15:44United States administration is very much top of. uh, we've also
00:15:48been engaged in direct conversations with the hoothies themselves,
00:15:51so we actually feel like we are top the
00:15:54situation. Iranian state media say a drone
00:15:58strike has hit two.