Major market reaction, and like you say weve seen prices up over 4 fuelled by the conflict in the middle east and it comes after oil prices suffered the biggest weekly drop since march last week which was reversing a lot of the price action we have been seeing betweenjune and september this year which of course was because of Supply Constraints from saudi arabia and russia but this increase in geopolitical risk is providing a major tailwind to Oil Prices Today and The Big Question really is the market is wondering whether there is iranian involvement in the attack which is something that has been alleged by the israeli authorities because if they are, the tensions are likely to have a more longer lasting upward impact if it were to negatively impact oil surprise and supplies in terms of pushing Prices Higher so it depends on that. Pushing Prices Higher so it depends on that. 0k, we have the sense depends on that. 0k, we have the sense of depends on that. 0k, we have the sense of how de
Conference, it is time that we have a government that matched the ambition that people have for their families and communities, a Government Siding with the builder is not the blockers. A government that will get Britain Building again and with labour we will. Let me give you one example. Our energy grid. Today, new developments are being forced to wait up to 15 years, into the late 2013s, to connect to the grid. £200 billion worth of projects stuck in limbo. Into the late 2030s. So i can announce labours plans to rewire britain, working with ed miliband. 0pening britain, working with ed miliband. Opening up new Grid Connections at competitive tendering. And so that the british people should own a stake in their energy system, the publicly owned Great Britain energy will look to bid into a competition. 220,000 newjobs, lower bills for good and Energy Security for britain. And theres more. We will invest in expanding local authorities planning capacity to speed up decisions and here is
The hamas fighters broke through the border fence from gaza at these points marked in green, and then reached these areas in red. Israel says 700 of its citizens have been killed, with many others taken hostage. Israel has compared it to the 9 11 attacks and in retaliation, its launched a wave of air strikes on gaza, where nearly 500 palestinians have died. Live now to my colleague anna foster, whos in ashkelon, close to the gaza border. We are only a few kilometres from the border and i can hear an israeli plane overhead and the regular sound of explosions, which have continued notjust of explosions, which have continued not just through the of explosions, which have continued notjust through the night but through the morning. We were in ashkelon this morning as people they are dived for cover, the Commander A Barrage of missiles that had been fired in from gaza. It is something the people here are used to, but sites like this feel very different. You can see Israeli Military vehicle