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President Trump warns he may destroy Iran's oil infrastructure following a major bombing raid on Kharg Island.
A missile strike hits the U-S Embassy in Baghdad.
PM Mark Carney pitches Canada as a "low-risk" energy partner during a visit to Norway that also included a stop at the Nordic World Cup.
Former NATO chief Jens Stoltenberg warns the war with Iran is a boost for Russia and a threat to Ukraine.
War in the middle east continues to spill over, a Jewish school in Amsterdam attacked, adding to multiple attacks on Jewish community across Europe and North America.
One year into the review of Canada’s F-35 contract, the government admits relations with the U-S are complicating the deal.
Japan's fishing industry is concerned that crude oil shortage due to war in middle east will affect their industry.
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This is World Report. Good morning I'm John Northcott. We are afraid every day.
Every day we come to work afraid and we say goodbye to our parents we hug
them extra tight because we don't know if we will return to them. A restaurant
worker in Tehran describes the new reality of life under unrelenting strikes as
the war there enters its third week. But we begin with strikes hundreds of
kilometers to the south in Harg Island. U.S. forces launched a massive raid
hitting military targets there. Megan Williams is covering the story for us from
Dubai. U.S. President Donald Trump says he could order strikes on Iran's
hog island oil terminal if Tehran continues attacking ships in the
strait of Hormuz. Harg handles about 90 percent of Iran's oil exports and
sits roughly 500 kilometers northwest of the strait. The U.S. President said
American forces have already hit military targets on the island including
air defenses and a naval base. But deliberately avoided damaging the oil
infrastructure. Trump warned on social media that if Iran continues to target
ships in the strait the U.S. would rethink holding back. Iran responded
quickly saying any strike on its oil facilities would lead to attacks on
energy infrastructure belonging to companies working with the United States in
the region. The threats have already spilled beyond shipping lanes. Here in
Dubai the situation remains tense. This morning debris from a drone shot
down hit a building in the financial district the second day in a row. And the
third time this week a skyscraper in the city center was damaged. Tehran
warned on Wednesday after an Iranian bank linked to its military was hit that
would target financial interests across the Gulf. The conflict has already
become the largest energy supply shock in modern oil market history with
shipping through the strait of Hormuz under threat prices are swinging sharply
as the war spreads across the Middle East. Meghan Williams, CBC News, Dubai.
Iran meanwhile is warning people to evacuate three major ports in the United
Arab Emirates today as it threatens to target regional energy infrastructure.
This after the U.S. Embassy in Baghdad was struck by a missile.
Video posted online shows smoke and fire billowing from the compound after
a projectile hit the embassy helipad early this morning. There's been no
immediate comment from officials, but the facility remains under a level four
security alert. Oil is leading the discussions as Canada's Prime Minister visits
Norway. The ex-horters of oil like Norway, like Canada, we don't have to have
reserves because we're providing oil to the market. Prime Minister Marconi
speaking in Oslo this morning as he meets with his Norwegian counterpart. Both
leaders emphasize that the war with Iran and skyrocketing fuel prices are a
top priority for their nations. From Norway's perspective, from Canada's
perspective, we are low-risk producers of oil. We are low-risk producers of
natural gas. We're reliable. We can produce, we're in jurisdictions where what we
produce will go to market and we can deliver it to market. And that is the
contribution in a world which has lost, in effect, in the oil case, 15%
potentially. Some buffer on that of its oil flow and 20% of its natural gas flow.
While the summit in Oslo is focused on trade and defense, the Prime Minister also
spent part of his day meeting with Canadian athletes as they compete in the
Nordic World Cup. The former head of NATO is weighing in on the war with Iran.
In Stoltenberg is worried about the human cost and the potential for Russia to
profit from the instability. He's also questioning how well the Alliance can
hold together as global tensions rise. Catherine Colen reports. It's the
culmination of the human suffering the war with the economic consequences which
is making me of course concerned. Despite that concern, Yen Stoltenberg says he
hopes the NATO military alliance won't get involved in the war with Iran.
Stoltenberg says there's little precedent for NATO involvement in the
Middle East. It was the head of NATO for a decade, including when Russia launched
its full-scale invasion of Ukraine. I mean, worries about how this conflict will
benefit Putin's regime. Both as air defense systems are put to work in the
Middle East and as Russia grows richer through oil sales. It actually also
can have a negative impact on Ukraine and of course I don't get that very much.
The United States has offered temporary licenses for countries to buy Russian oil
that stranded at sea. The U.S. says it's about stabilizing the global energy
market, but Prime Minister Mark Carney still sees a threat.
Canada's position is to maintain sanctions on Russia, maintain sanctions,
including on the shadow fleet, which is moving this oil.
Still, despite the stress of the current conflict, Stoltenberg says he does
believe NATO will continue, even in the face of disruptions caused by Donald Trump.
We don't have any guarantees, but I believe that NATO, the North Atlantic
Alliance will survive, will prevail. Despite the difficulties, the disagreements
on the crisis we face. He says that's in part because it's in the interests of
all members that the Alliance thrive. Catherine Cullen, CBC News, Ottawa.
And you can hear more of Catherine's interview with Yen Stoltenberg on the
House right after this edition of World Report or wherever you get your
podcasts. Dutch police are hunting for a suspect caught on camera detonating
an explosive outside a Jewish school in Amsterdam. The overnight blast caused
limited damage and no injuries, but it marks the second attack on a Jewish site
in the Netherlands in as many days. Authorities have already ramped up security
at schools and synagogues across the country, following a similar arson attack
in Rotterdam on Friday. The Amsterdam mayor called the incident
quote a cowardly act of aggression and says the city's Jewish residents are
facing a rising tide of fear and anti-semitism. Today marks exactly one
year since Ottawa announced a review of its multi-billion dollar defense
contract with Lockheed Martin. The order for 88 F-35 fighter jets was put on
hold as tensions between the White House and the federal government began
to climb. As CBC's Murray Brewster reports, a final resolution remains far
out of reach. We are also examining other alternatives whether we need
all of those fighter jets to be F-35s or if there might be alternatives.
It has been exactly a year since former defense minister Bill Blair
dropped that bomb on CBC's power on politics. Even by federal government
standards, taking a year to review a decision that has already been one of the
most examined of the decade seems a bit strange. We're going to take the time we need
to get this right. David McGinty, the current defense minister who inherited this
political tug of war, where the U.S. through Ambassador Pete Huckstra
has publicly expressed frustration to rival jet-maker Sob, which sees revived hopes
to sell its grip in E-fighter jet to fill out the rest of Canada's order,
to cabinet colleagues who see manufacturing jobs in Sobs renewed bid.
Earlier this week McGinty acknowledged industrial benefits are part of the
still ongoing assessment, but also there is something else that's part of the
hesitation. The question of relations with the United
States, of course, finds its way into this decision,
and we're managing that very carefully. It is widely known the military
favors continuing with the F-35. Alan Williams, a former senior defense
official, says the military always has its biases and it's time for an
independent outside review in order to move things along.
Marie Brister, CBC News, Oslo, Norway. The ripple effect of the
Middle East crisis is being felt across the Pacific Ocean. Japan imports 95%
of its crude oil from the Middle East, and much of that is now blocked by the
closure of the Strait of Hormuz. International oil prices have surged past
$100 of barrel prompting the Japanese government to release 80
million barrels from its emergency reserves. But despite those measures,
a new gasoline price caps worries are mounting. Patrick Falk has more.
Masaki port to the south of Tokyo is a hub for deep sea fishing,
popular among day trippers from the capital. It's nicknamed Chinatown,
and the seafood restaurants specialize in serving the best cuts of the fish in
Japan. But restaurant manager Kazuma Miyakawa says rising fuel costs are
certain to make it pricey. When it comes to things like tuna,
the fishermen have to go out, and when fuel costs go up, it gets more expensive.
Even before the Iran crisis, seafood prices have surged over the past few years,
outpacing broader food inflation in Japan.
Declining catches are partly to blame. Fishermen like Seki Ashotto,
fear developments in the Middle East, will add to the pressure.
Things don't change. We'll have to raise prices.
The government warns all imports could drop significantly from late March.
To manage potential shortages, it says it will deliver domestic stockpiles to
refiners by as early as Monday. But prolonged disruption could ripple
through Japan's economy and squeeze industries that lie heavily on fuel.
Patrick Falk for CBC News, Masaki, Japan.
And that is the latest national and international news from world record.
I'm John Northcott. Thanks for spending part of your weekend with us here at CBC News.
For more CBC podcasts, go to cbc.ca-podcasts.
