This podcast covers the major topics at the UN General Assembly, the US-Iran prisoner swap and its impact on oil markets, Joe Biden's efforts to normalize relations between Saudi Arabia and Israel, the decrease in Saudi Arabia's oil production, the UAW strike, and the battle for the speaker's gavel and potential government shutdown consequences.
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Quick takeaways
The 78th session of the UN General Assembly is facing low attendance, raising doubts about its significance and prompting side meetings for the real negotiations.
The recent US-Iran prisoner swap and potential Saudi Arabia-Israel deal raise concerns about larger geopolitical dynamics and uncertain long-term viability.
Deep dives
UN General Assembly: Attendance and Value
The 78th session of the UN General Assembly is taking place in New York, but many leaders from major nations are not attending, casting doubt on the value and importance of the meeting. While some leaders are present to discuss topics like developing economies and debt relief, the real discussions and negotiations are happening in side meetings away from the main assembly.
Ukraine's Challenges and Potential Negotiations
The situation in Ukraine is becoming increasingly complex and dangerous, with tensions rising between President Volodymyr Zelensky and neighboring countries. Ukraine is facing challenges from the ban on grain exports by Poland, Slovakia, and Hungary, and there is a growing sense of exasperation with Zelensky's handling of the conflict. As the war drags on and the possibility of negotiations with Russia looms, the conversation around Ukraine's future is shifting.
Iran, Saudi Arabia, and Israel: Prisoner Swap and Geopolitical Dynamics
The recent prisoner swap between Iran and the US has raised questions about the larger geopolitical dynamics at play. Apart from the release of prisoners, Iran also received $6 billion previously tied up in sanctions, leading to concerns about the potential use of the funds. There are also discussions surrounding a potential deal between Saudi Arabia and Israel, with the US aiming to normalize relations between the two countries. However, the long-term viability of such an agreement and the influence of changes in US administration remain uncertain.
Catch up on some of the week’s biggest stories from the US and across the globe. Bloomberg’s Rosalind Mathieson, Mario Parker and Ben Sills join this episode to talk about the major issues on the table at the United Nations meeting in New York; the Biden administration’s push for a deal between Israel and Saudi Arabia; and the ongoing US auto workers strike.
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