The concern has been that this conflict in israel, between israel and hamas would lead to a widening Global Crisis that would threaten the Global Oil Supply and thats why we have seen these crude Oil Prices Rise in the last week, rising up 7. 5 , marking its biggest weekly rise since february. This morning we are seeing that we can to steady and there are a couple of reasons why there are a couple of reasons why the market is changing its tune is one of them is Bank Earnings which we pointed out on the other is present by the� s planned a visit to israel. We can start with President Biden and his visit comes at a crucial type and is being taken by investors as a signal that the crisis might see efforts to be contained. We are seeing that temperance not only in the price of crude oil but also with investors pulling back slightly from some of the safe haven assets, things like cold gold and stable currencies and treasury bonds. When we get to the big Bank Earnings, this is earning season and we saw quite a few last week and today we are looking at Goldman Sachs and bank of america, both of whom boasted higher than expected earnings for 03. Goldman than expected earnings for q3. Goldman can point to a couple of things leading to its 2. 06 billion in revenue this quarter, and one i will mention is that it worked on three out of the four ipos that weve seen this year. That is of benefit to them. Bank of america has come off higher Interest Rate which leads to higher Interest Income and again boasting better earnings and it comes as a similar narrative. As last week. To china now and yet more signs of a crisis in the property sector. As Country Garden, chinas largest private developer is on the cusp of a huge offshore debt default. If it doesnt make a 15 Million Dollar payment today. The initial deadline was last month but a 30 day grace period is set to expire. The company warned last week it would not be able to service all of its offshore debts on time. Joining me now is janet moy, head of Market Analysis at rbc brewin dolphin. This is not looking good, and the whole market is watching closely. Good afternoon. Thanks for having me. Yes, the Property Developers in china are still pretty much in stress and struggling and i think a clear point is that the Chinese Government is not coming to the rescue of any individual Property Developers, so as we remember, the Chinese Government has put in a number of different measures for the sector, but it actually fell failed to assimilate substantially, for example in the recent golden week holiday and new hotels were down i7 compared to a year ago, so as a result there are not enough sales to generate the cash flow for these Property Developers to pay off their interest or debt, so that is why the market is pretty much expecting Country Garden to go into default because you can see their dollar bonds are trading at 5 of the dollar meaning they are not expecting to recover much. I5 the dollar meaning they are not expecting to recover much. Is there a way out . Expecting to recover much. Is there a way out . Ive expecting to recover much. Is there a way out . Ive been expecting to recover much. Is there a way out . Ive been hearing expecting to recover much. Is there a way out . Ive been hearing about| a way out . Ive been hearing about potential Debt Restructuring. These are Eye Watering Numbers though. I think Debt Restructuring would be the default option for the distressed Property Developers, and we can take an example of say evergrande, another struggling developer which has already defaulted, and the creditor is actually going to court to say that they want to force the sale of some of the assets of evergrande to pay some of the debt, so its a very difficult situation and it will take time to resolve, but Debt Restructuring means it will take a longer time to repay the debt and interest and eventually some of these creditors may not actually recover their debt. These creditors may not actually recover their debt. Thank you so much. Recover their debt. Thank you so much just recover their debt. Thank you so much just a recover their debt. Thank you so much. Just a quick recover their debt. Thank you so much. Just a quick time recover their debt. Thank you so much. Just a quick time to recover their debt. Thank you so much. Just a quick time to bring| recover their debt. Thank you so much. Just a quick time to bring you some of the markets. I think we can bring them up now, and have a look at what is going on. The ftse is climbing and in good shape today and the rest of the markets are down, brent crude, still heading up. Down a tiny bit today but overall as i say, some analysts expecting a spike. Thanks for watching. Peter and janet baron share a passion forfencing, and its a passion they want to pass on. Even before they start their own training, the couple from worsley turn up at Stourbridge Fencing Club to help the coaches encourage and develop the next generation. Whereas people are singing about football all the time. They dont sing about fencing. So any opportunity we get that we can promote the sport so that theres a lot more young people taking it up, thats so much the better. Its essential that we all help future generations to come through. And as youve seen tonight yourself, how enthusiastic those little children, eight years and on are. They really enjoy it. Fencing brought the pair together many years ago and theyve been duelling their way to the top ever since. But this is the first time theyve both qualified for the veterans World Championships in the same year. Janet finished fifth in 2022. Shell be joined in the british team by sue uffe from evesham. And janet� s determined to make it onto the podium in florida this time. Hopefully notjust a bronze. I would like to think it could be silver, possibly gold, but unfortunately the top seeded fencer is from the usa and shes extremely hard to beat. Shes been winner for the last four or five years. Hello from the bbc sport centre. Starting with football. Luciano spalletti says italys players were distraught after Sandro Tonali and nicolo zaniolos traumatic departure from the squad amid reports that theyre part of an investigation into illegal betting. Newcastle midfielder tonali and on loan aston villa forward zaniolo withdrew from the squad last week, meaning theyll miss tuesdays euro 2024 qualifier with england at wembley, after it emerged theyre being investigated by the turin public prosecutors 0ffice. Translation it was traumatic for the team because we have the authority is almost coming into the dressing room, so everyone was surprised and upset but we had almost a whole day from when we said goodbye to them and some of us were even able to give them a hug before they went home, but the players themselves were distraught, because when you are part of the national team, very strong ties and bonds are created. As well as england italy later, there are six other euro21i qualifiers taking place including denmark who are within touching distance of reaching the finals as they take on san marino. If they win as expected and other results go their way, the danes could seal automatic qualification. Hungary can also book their place with victory over lithuania. At the cricket world cup, south africa are looking to make it three wins from three. They won the toss against The Netherlands and put them into a bat. The match has been been reduced to 43 overs a side after two hour rain delay in dharamsala. South africa reduced the dutch to 112 6 at one stage, The Netherlands are yet to win a game at the tournament, theyre curently 210 8 in the 41st over. Taylor fritz is through to the last 16 at the japan 0pen following a straight sets win over Cameron Norrie in tokyo on tuesday. The top seed claimed a routine 6 4, 6 3 victory and next faces either Shintaro Mochizuki or Martin Etcheverry for a place in the quarter finals. Britains Lucy Charles Barclay set a new Course Record as she won the ironman World Championship in hawaii for the first time. Charles barclay is just the third briton to win the ironman World Championship after leanda cave and chrissie wellington. The 30 year old is also the first woman to lead the event from start to finish. Charles barclay finished just over three minutes ahead of germanys anne haug. In running up to that finish line, ive done it five times, and four times before i was second, so i didnt get to grab that tape, so i feel like this time i was running up to the line and i did not even slow down. All i was focusing on was getting the tape and it was amazing to do it. And finally have a look at this. Texas rangers slugger Adolis Garcia shows off his acrobatic skills and does a cartwheel after being hit by a pitch in game 2 of the alcs. Garcia went on to help the rangers to beat the astros 5 4, taking a 2 0 series lead. And thats all the sport for now. Hello, and welcome to your questions answered on bbc news. The conflict in israel and gaza is of course complicated, and youve been turning to the internet to ask questions. Weve been looking at what people have been searching for on search engines, andjoining me now, is sebastian usher, our middle east analyst here with me in the studio and our chief International Correspondent lyse doucet in southern israel. So, lets get started with the questions. This is one of the most popular questions. Why does the us support israel so much . 0ne one thing is certain is that the us has given extremely powerful support to israel for decades. It essentially has been seen as the most important back up both financially, and i think its almost 4 billion a year in Financial Assistance to israel but also at the un when the resolutions that are raised over the settlements, the us provides a veto, and this applies to any government, democratic or republican. Part of the reason, there are many you can give, but one of the main reasons is a sense amongst many americans, and it may have been changing in recent years, to a small extent, but a sense that israel is really almost an extension of the us In The Middle East, that it embraces a democratic ideal, that it embraces a democratic ideal, that it is surrounded by countries that perhaps americans dont particularly understand or engage with and who they see as anti democratic and inimical to their interest and they see israel as a bulwark against that, so that i won a huge reason but there are from time major differences between the Israeli Government in a particular Us Government in a particular Us Government and we saw with President Biden there was a distance established with Benjamin Netanyahu and he was not invited to the white house and that was quite an issue that Benjamin Netanyahu was sensitive about, and that was a sense there was the feeling that israel with the current government and far right ministers in it was going too far in our direction that led away from the chance of having a resolution to the conflict and the us under the buy administration as it has for years, with president trump, it was slightly different, but still very much believes in the two State Solution presents that evenif two State Solution presents that even if theres been no real momentum to that in any kind of Peace Process for several years. Important to point out to viewers watching that these are questions that have been put into search engines, not questions that way the bbc are putting to correspondence, we want to underline that because weve had people asking us this in the past. This question has been searched for quite a large amount. Is israel part of nato . The answer is in the word nato, the north the answer is in the word nato, the North Atlantic Military Alliance, and its North Atlantic Military Alliance, and its not a member of the Worlds Biggest and its not a member of the Worlds Biggest Military Alliance but as weve biggest Military Alliance but as weve had from sebastien it has close weve had from sebastien it has close ties, weve had from sebastien it has close ties, long standing ties with many close ties, long standing ties with many major nato powers but israel is part of many major nato powers but israel is part of a many major nato powers but israel is part of a special classification of nato part of a special classification of nato partners, called major non nato allies and nato partners, called major non nato allies and there are just under 20 countries allies and there are just under 20 countries across the world included which countries across the world included which includes israel and it means they wiii which includes israel and it means they will be given special advantages or consideration but when Chapter Advantages or consideration but when chapter five is invoked and one member chapter five is invoked and one member of nato was attacked, then all the member of nato was attacked, then all the members are honour bound to protect all the members are honour bound to protect them and we had about it a lot in protect them and we had about it a lot in ukraine and the attacks on the united lot in ukraine and the attacks on the United States in 2001, but a special the United States in 2001, but a special status, but not an nato membeh special status, but not an nato member. �. ,. ,. , special status, but not an nato member. ,. ,. , member. Another question that is very pepuiar. Member. Another question that is very pepuiar. And member. Another question that is very pepuiar. And i member. Another question that is very popular, and i will member. Another question that is very popular, and i will put member. Another question that is very popular, and i will put this i member. Another question that is very popular, and i will put this to j very popular, and i will put this to you, sebastien. How strong is irans military . Thats a good question. The weight has been operating across the region has been operating across the region has been operating across the region has been through proxy groups so hezbollah in yemen, and in syria it sent detachments of the revolutionary guard but its not played a central role with the military there and with hamas, a similar story. Military there and with hamas, a similarstory. Its military there and with hamas, a similar story. Its Military Strategy has been more to finance, encourage and train and bolster the forces to fight proxy wars rather than take on, for example, until recently the main rivalry In The Middle East was between saudi arabia and iran and it