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It's -- down today we -- -- -- little bit earlier but it's up not nearly 2% for the week.
And it's certainly funny attention in the Middle East because they were big headlines on that this morning history prevailing across senior geopolitical -- -- just Barclays and KT McFarland former deputy.
Assistant secretary of defense both.
In the studio with us today to talk about the fact that Israel seems to have conducted.
Air strikes inside that Syria that was the big headline this morning that said oil's down we'll get that women a moment -- what does this mean -- tedium.
-- -- about Syria and nothing about Lebanon think about Israel and think about Iran -- and they are making their prison prepositioning themselves for war.
Now I don't think they decide -- whether they're gonna go to war but they -- making all the moves right now.
To do that what's Iran doing in Iran -- put.
Moving missiles from Syria to eleven non.
An October -- -- -- missiles into the Gaza Strip.
Israel looks about an Israel says preemptive attack against all that we -- island of -- Dan.
And so that's where you are now so these strikes yesterday Israel was striking.
Advanced weapons that were going from Syria to southern Lebanon -- on Israel's northern border we think those were anti aircraft.
But there may be another move -- which would be chemical weapon.
Right so then you wake up this morning and sell lists can really -- oil prices skyrocketing but that does not happened so what's -- of the dynamics right now in the oil market.
Oil markets really focus and geopolitics the momentum in the runup in prices have been really driven by economic sentiment improving economic sentiment.
I think -- bond story that is the one we have to watch this year for the oil markets.
Because it's really no progress the diplomatic front.
And we could get a nasty shock comes spring or summer even if world economies are improving.
Because that's what's happening right I mean for the most part here in the United States we've had some pretty good numbers for example.
So if global economic demand comes back.
Oil prices should keep going up bright and an -- is get a political situation amid a -- that potentially disrupt oil supplies.
And then you have -- a -- get a product say a hundred bucks it's.
Once one year well here's the thing if you can't get any type of scenario and bombing Iran a confrontation with Israel.
-- -- a significant move up in oil prices I think pocket right now is a little bit complacent because we've heard so much over the past couple of years.
About a possible Israeli strike it deliver the syndrome is that you know right crying wolf.
-- it's almost like the -- -- -- when you say here comes another fiscal cliff for this I -- for that -- although come up with a deal at the last minute.
Which people assuming nothing is gonna happen is that a a risky assumption -- Here's the real thing that nobody's paying any attention to everybody's talking about the Strait of Hormuz if there's an Iran Israel conflict the strait of rumors -- be closed or wouldn't get out.
Watch the -- can now can because that's a plays a hundred miles long -- very wide.
The is the egyptians want to keep it open because that's a major source of income for them.
Which have in the Sinai Peninsula which is -- -- the Suez Canal has.
You where where al-Qaeda is setting up shop he could have a small group of extremists have realists who decide shoulder fired missiles are gonna take out a -- -- a take out a tanker.
And then you could cause -- -- brewed and then what happens everybody's got to go.
-- all the way around -- the Horn of Africa quick comment before we go -- -- I think underscores just the problems in North Africa we were also shocked at what happened in Algeria.
But there's -- -- proliferation of weapons to extremist groups in North Africa for the whole host of energy facilities in transportation -- Are potentially at risk because of that phenomenon.
And some areas I mean I know we talked about Libya we talk about each of the there's some areas we have not an Algiers and examples -- -- much about maybe as we should that KT.
Thank you it's always -- -- -- thank you you know has always -- they get.