Oil Prices Surge and stocks tumble as barrage of missiles in the Middle East prompts supply fears in a region that accounts for a third of global oil production. Us Trade Paralysis dockworkers threaten to continue striking for as long as necessary with ports along the East And Gulf coasts remaining shut for a second day. Also on the programme, could technology bring extinct species back to life . We speak to the boss of a De Extinction Company hoping to resurrect the Woolly Mammoth. Live from london, this is business today. Lets start with the Middle East, where, as weve been reporting, israel has warned of grave consequences after iran launched a barrage of missiles at targets across the country on tuesday. Oil prices have been surging as traders fear a full scale regional war could disrupt Energy Supplies to the global market. Brent crude rose as much as 5 to 75. 40 a barrel in intraday trading. Lets Take A Look at the latest Oil Price now. Up up1. 36 , up 1. 36 , 74 up1. 36 , 74 and
Im nowjoined by our North America Business correspondent ritika gupta. What is it that markets make of what they are saying . They are nervous because they dont know whats going to happen next. Yes. The mood of nervousness. Little change now but losses off the back of those Middle East tensions. There is a dent to risk appetite. Markets dont like Uncertainty And Risk now is can this respondent is this going to blow into wider war. One of the sectors that is bucking the trend and going higher Todays Energy stocks and that is off the back of oil as you mentioned. It was up as much as 3 today and continuing again from yesterday over Supply Disruption concerns. Yesterday we saw some of those Safe Haven assets like gold, we are seeing some of Varese Today but i still think overall there is this wait and see mode and a very risk of town. Is this Waitandsee Mode and a very risk of town. Very risk of town. There is one thing they very risk of town. There is one thing they are very risk of town
By the iranians. They essentially gave Israels Lesson yahoo the war he wanted, they essentially gave israels netanyahu the war he wanted. Where it goes from there remains to be seen. But there remains to be seen. But there is now a situation where nobody really cares about the two State Solution on the palestinian issue, all of those things that were the focus of diplomatic focus a few months ago. Now it is all about conflict what it iran. You said it is all about conflict what it iran. You said it is all about that it is all about that confrontation, now, iran and israel. We are carrying the live events from the un Security Council. Where do you think diplomacy is . Is it anywhere in the equation . It is anywhere in the equation . It is a difficult question. Anywhere in the equation . It 3 a difficult question. The americans have been very much, nearly a year now, trying to get a ceasefire in gaza, trying to restrict the possibilities of this conflict from escalating and succeeded for
Role In SocIal MedIa posts that helped spark the summer rIots. VIolent dIsorder swept parts of the uk followIng the kIllIng of three chIldren In southport In latejuly. SocIal medIa platforms faced crItIcIsm for InflamIng tensIons and mobIlIsIng rIoters, by hostIng ExtremIst RhetorIc and sharIng locatIons to be targeted. One such platform, telegram, shut down some of the worst channels, IncludIng one named Southport Wake up, that had gathered around 14,000 members. 0ur uk edItor, ed thomas, has found the man who played a key role on that account. He travelled to helsInkI to confront hIm. InsIde MessagIng App Telegrams extremIst accounts. He travelled to helsInkI to confront hIm. InsIde MessagIng App Telegrams extremIst accounts. For the fIrst tIme, we confront the Neo NazI who creates these posts. We reveal hIs true IdentIty and hIs key role as an organIser of thIs summers rIots. 0urjourney to understand how a senseless kIllIng of chIldren In southport could spIral Into chaos has led us
Iran said the attack was in retaliation for israeli aggression in gaza and lebanon. This morning, iranian backed hezbollah fighters continued to launch rockets into the north of israel. Translation i would like to send my sincere condolences to the fallen in lebanon. Were in the fallen in lebanon. Were in the middle of the top floor of the middle of the top floor of the evil axis of iran which seeks to wipe us out. This will not happen because we will stand together and with gods help we will win together. We will return our hostages in the south, return our resident in the north. We will guarantee the north. We will guarantee the eternity of israel. And in the past half an hour, president biden commented on the iranian attack. I called a meeting of the g7 today. Were working on a joint statement that All Of Us agree on from japan, france, germany etc and what were doing in that regard is making it clear theres things that have to be done. And obviously iran has gone way off port were