i think the concern right now is really kind of concentrated on the longer shipping time. the market is not pricing in that we actually lose barrels from the market as a result of what is happening in the suez canal. what it is concerned with right now and the reason it has risen 6% is because the shipping costs associated with travelling around the southern tip of africa to reach its destination adds around 15 days of travel time. it increases freight costs. and it has increased insurance costs. so that is what the market is pricing and looking at this point. the market has not entered a panic mode, as we ve seen in the past with other geopolitical events, where it starts to price in supply is lost from the market. right now, it is a logistical re routing, what we are seeing, and not kind of that panic and fear that we are going to lose barrels. that obviously can change very rapidly, and we have seen that obviously can change very rapidly. the venezuelan president nicola
are continuing in the hope that the united states will finally back a resolution. it comes as hamas said that more than 20 thousand people have now died in gaza since israel launched its military offensive after the october 7th attacks, in which 12 hundred people in israel were murdered. hamas which is designated a terrorist organisation by the uk government says the majority of those who ve been killed in gaza are women and children. our special correspondent fergal keane reports. the world is debating calls for a ceasefire and a bleak new reckoning of the dead is declared. but, for the people of gaza, the suffering is felt. not counted. dead children brought to be touched a final time by their wounded father. a mother comes to mourn a lost daughter. imagine that yesterday i was brushing her hair, making her a sandwich for dinner and putting her to sleep. then you wake up in the morning and there is no fatima anymore. from the beginning, they have known there is no escap
tonight on whether to demand a humanitarian pause in fighting between israel and hamas, but with representatives trying to come to an agreement on the exact wording of the resolution, it s been postponed at the very last minute to tomorrow. we ll talk to a spokesperson from the israeli government. could that pause in voting have something to do with the us defense secretary s visit to israel today? also tonight, the british oil giant bp and a number of key shipping companies have halted all shipments through the red sea after a rise in attacks on cargo ships by houthi militants in yemen. and stick around, later in the show we will take a close look at this yea r s forgotten conflict, the sudanese civil war. we will hear from our analysis editor ros atkins and the un s top expert on the conflict. good evening. a vote within the un security council which was supposed to take place tonight has been postponed. the negotiation will continue into tomorrow over a draught resolution
and 18,000 miles in an electric car. stay with us here for and stay with us here on bbc news for continuing coverage analysis from our team of correspondents in the uk and around the world. good evening. the fallout from baroness mone s interview with the bbc yesterday, in which she admitted lying about how she and her family stood to profit from a government contract to supply ppe during the pandemic, continues. claim and counter claim have been flying around today. the prime minister insisted he s taking the allegations against michelle mone extremely seriously. she replied, what s the pm talking about, he knew about her involvement all along. a former tory health minister thenjoined in, saying she didn t tell him about it. the company run by baroness mone s husband, ppe medpro, made £60 million profit from its contract with the government. 0ur political editor, chris mason, has the latest. a pandemic strikes. suddenly, gowns and masks personal protective equipment, pp
lava start to erupt from the ground like a fountain. then the icelandic coastguard then flew over the area in a helicopter capturing these amazing images of the lava erupting and spewing across the landscape. of the lava erupting and spewing the authorities have already evacuated the nearly 4,000 inhabitants of the fishing town of grindavik. the area is a volcanic and seismic hot spot south west of the capital. and these are the live pictures at just after 10am local time in iceland. louisa pilbeam has more. it s a breathtaking sight. the volcanic eruptions on the reykjanes peninsula transformed iceland s night sky. 0ne witness took this video, as they were driven past, as lava spews from the volcano. but with this display of nature s power comes the obvious danger to human life. scientists knew this was coming for weeks a series of earthquakes and changes to the ground were the early signs. everyone was prepared. they evacuated the town exactly when they should have done.