Imports at a time where other countries are rejecting them. This is v. W. Business im joined on in berlin welcome we start with the latest escalations in the straits of hormuz where 2 oil tankers were attacked earlier on thursday or Oil Prices Spiked in the aftermath with brant crude hitting over 62. 00 a barrel immediately after news of the incident broke the strait of hormuz as 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 exit the persian gulf and get out into the world. Our markets correspondent joins us now good to see the end whats been the reaction there to these attacks on wall street. Initially we saw the oil prices popping by about 3 and a half per cent but then by the end of the session we settled at around. 2 per cent and that after oil prices dropped by a good 20 percent in the month in may so at this point actually d
, a new wave of attack was recorded, then another. An Army Representative livestreamed a warning to citizens about the approaching air strike. Armada. Tonight, iran launched a largescale, coordinated attack on israel. The Iranian Regime fired drones weighing more than 200 kg, cruise and Ballistic Missiles at the state of israel. Drone launches have been recorded from iran, yemen and. Together with our allies and partners, we are operating at full capacity to protect the state of israel, the people of israel, and we will continue to carry out all necessary tasks. The iranian attack in israel has been expected for the last 2 weeks; tehran will take revenge and be responsible for the building of the iranian consulate in damascus, destroyed on april 1, who died under the ruins of the general officers of the Islamic Revolutionary guard corps in israel had no doubt. Multistage system. Netanyahu warned citizens of a clash with iran just minutes before the drone attack began. Our Defense Syste
Coordinated international action, which the uk also supported, almost all of these missiles were intercepted, saving lives not only in israel, but in neighboring countries such as jordan. I can confirm that our aircraft have indeed shot down several iranian attack drones. British sky news experts emphasize that now western partners will try to quickly resolve the iranisraeli conflict. We have been seeing a shadow war between israel and iran for years, but now this is the first. Attack, there is now pressure on israel to showed restraint. Beijing is also concerned about the escalation in the middle east; the Chinese Foreign ministry called on the parties to the conflict to maintain restraint. China expresses deep concern over the escalation of the situation and calls on relevant parties to maintain calm and restraint to prevent further escalation of tensions. While the world media is discussing a series of attacks tonight, strikes are heard again near the lebanese baalbek. According to
Home builder shares slide as Taylor Wimpey expects 2017 results to be in line with expectations some of the worlds biggest Bond Investors sound the alarm bill gross and Jeffrey Gundlach say levels on u. S. Treasury yields indicate the start of a bear market. And emmbeijing will order 14 airbus aircraft. Good morning were about an hour into the trading session. The handover from asia was mixed. Most of the indices traded softer some people say thats on the back of the rise in yields in the u. S. Maybe this is the beginning of a bond bear market and that could have implication for equities from here. The picture for europe is gloomy this morning stoxx 600 trading about 0. 2 weaker on the first hour of trading. The ftse is inching into the green. Ftse 10 0, a slew of earnings out of retailers this morning. We did have strong results out of ted baker and decent results out of sainsburys banks are up almost 1 Deutsche Bank having a very good day today. Up more than the 20. 2 travel and leis
Gradual plate gradual pace of raising rates. Corrects inflation is not at 2 . Before we move policy get to the gold otherwise we are going to be behind. Driver, set tow to steer its ceo out of crisis. Anna a very warm welcome from us in london, i am and i words. I am anna edwards. Matt imf miller. Anna talk about the United States and houston specifically. So much of the United States energy market, a landmark hurricane, a landmark storm now earlys over texas area estimates of what kind of Economic Impact we might see here, 24 billion dollars. Stay, howhe reins to long they keep falling is going to be one of the key questions. What has this done to markets . Gasoline spread flying as harvey looms. Futures are the same. Oil steady but refineries have been flooded. More than 10 of the fuel making capacity. FarColonial Pipeline, so from houston to the east coast of the United States it seems we have no word that it is not running as normal. Certainly that would be one way that this crisis