Get one thing strait: Iran’s tanker stand-off
Economist Podcasts
The Economist
4.3 • 5K Ratings
🗓️ 22 July 2019
⏱️ 23 minutes
🧾️ Download transcript
Summary
The seizure of a British-flagged tanker in the Gulf may seem counter to Iran’s international objectives. But at home, hardliners are in the ascendancy—for them, it’s a public-relations coup. The rise of populism, particularly in Europe, suggests voters are angry. But polls suggest otherwise; we dive into this “happiness paradox”. And, the curious rise in borrowing against high-end art.
Additional music "Puzzle Pieces" by Lee Rosevere.
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Transcript
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| 0:00.0 | Hello and welcome to The Intelligence on Economist Radio. |
| 0:07.0 | I'm your host, Jason Palmer. |
| 0:09.0 | Every weekday, we provide a fresh perspective on the events shaping your world. |
| 0:18.0 | Have a look at recent election results, particularly in Europe, and there's a troubling rise of populists. |
| 0:24.0 | They're angry, railing against the status quo, promising radical change. |
| 0:28.8 | Yet voters will tell you they're feeling pretty good. |
| 0:31.9 | We dive into this happiness paradox. |
| 0:37.1 | And big banks have long been lending to clients accepting their artworks as collateral. |
| 0:42.8 | But the practice is spreading, with art-minded boutique lenders popping up. |
| 0:47.5 | And depending on where you are, you might even be able to keep your leveraged Leonardo on the wall. |
| 0:55.6 | But first... |
| 0:57.0 | In the Strait of Hormuz on Friday, an Iranian Revolutionary Guard patrol boat |
| 1:04.6 | ordered a British-flagged oil tanker bound for Saudi Arabia to alter its course. |
| 1:09.4 | If you obey, you will be safe. |
| 1:11.9 | Alter your course to 360 degrees immediately. |
| 1:17.5 | If you obey, you will be safe, over? |
| 1:20.5 | A Royal Navy frigate, too far away to intercept, responded with warnings of its own. |
| 1:25.3 | SEPA Navy Patrol boat. |
| 1:26.8 | This is British warship, Foxrot 236. |
| 1:29.3 | Sir, your request that you are transmitting to the Stena Imperio, hinder and impede her passage. |
| 1:38.3 | Shortly afterwards, the tanker, the Stena Impero, was boarded and seized. |
| 1:43.3 | The 30,000-ton vessel and its 23 crew members are now being held by Iran. |
... |
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