Even more dire as government assistance only gets through in drips and drabs. I want to get jones welcome to do business asia and we start with the latest escalations in the strait of hormuz where to oil tankers were attacked earlier today one of them allegedly hit by a torpedo the brant crude price has been volatile since the attack hitting over 62. 00 a barrel immediately often use of that attack emerged the strait of hormuz is one of the worlds most strategically important choke points along the coast of iran almost a 3rd of all Liquefied Natural Gas and almost 20 percent of Global Oil Production has to squeeze through here to escape the persian gulf and get out into the well its. Often more on the impact there on all markets so were joined by early bazza Financial Market correspondent in frankfurt only whats this latest incident mean for the oil market. I think its too early to tell what it means in the medium term
in the long term talk to an analyst and he says the Immediate React
even more dire as government assistance only gets through in drips and drabs. i want to get jones welcome to do business asia and we start with the latest escalations in the strait of hormuz where to oil tankers were attacked earlier today one of them allegedly hit by a torpedo the brant crude price has been volatile since the attack hitting over $62.00 a barrel immediately often use of that attack emerged the strait of hormuz is one of the world s most strategically important choke points along the coast of iran almost a 3rd of all liquefied natural gas and almost 20 percent of global oil production has to squeeze through here to escape the persian gulf and get out into the well it s. often more on the impact there on all markets so we re joined by early bazza financial market correspondent in frankfurt only what s this latest incident mean for the oil market. i think it s too early to tell what it means in the medium term
the street go in. and heat waves remarkable even by indian standards makes the plight of pharmacy even more dire as government assistance only gets through in drips and drops. i want to jones welcome to do business asia and we start with the latest escalations in the strait of hormuz swear to oil tankers were attacked earlier today one of them allegedly hit by a torpedo the brant crude price has been volatile since the attack hitting over $62.00 a barrel immediately often use of that attack emerged the strait of hormuz this one of the world s most strategically important choke points along the coast of iran almost a 3rd of all liquefied natural gas and almost 20 percent of global oil production has to squeeze through here to escape the persian gulf and get out into the well it s. all for more on the impact there on all ma kid so we re joined by early bazza financial market correspondent in frankfurt only what s this latest incident mean