Around the globe, and the white house has turned a blind eye, especially the last year or two because its been trying to smooth relations between iran and the western world. But now if the white house decides to enforce those sanctions, that means supply from iran would be cut off and coming at a time when oil supplies have been tightening because saudi arabia and russia, the two largest exporters of oil in the world, who are also part of 0pec , have collectively been reducing 1. 3 Million Barrels of oil per day since july and there is a good chance it may continue next year as well. So if this happens there will be a scenario where there will be less oil supply, more demand, and that leads to higher prices. Even though Major Oil Producers are not directly involved in the conflict it has still sparked uncertainty as far as oil prices are concerned. Talking about that was azlin ahmad, covering crude oil markets in the middle east and asia pacific and she told me that yesterdays spike in
hello and welcome if you re watching in the uk or around the world. i m shaun ley a. security forces in myanmar have killed at least 21 people in yangon in one of the deadliest days since huge demonstrations began against the military coup last month. a police officer is also reported to have died as clashes between the military and anti coup protesters continue for a sixth week. martial law has been declared in two areas of yangon, and after two china owned factories were attacked, beijing has asked the authorities to protect its businesses. our diplomatic correspondent. our diplomatic correspondent james landale reports. they have built themselves barricades, they have fashioned makeshift shields. but when the security forces opened fire, there was nothing to do but run. this was the scene in myanmar s biggest city, yangon, where more than 20 people are reported to have died. some here see china as supporting myanmar s military rulers, and several chinese owned factories we