Attacks by hamas gunmen took place. More than 300 young people attending the festival were killed others were taken hostage. It has been called israels 9 11 by some, and like the attack on the world trade center, its had massive repercussions around the world in both politics and economics. Michelle fleury has more on the global impact one year on. The middle East Conflict could add to the risks already facing the global economy. The escalation comes at a time of uncertainty around the upcoming us election and as china tries to stabilise its struggling economy. Economists warn the war could push up inflation if Trade Routes are disrupted, causing the cost of Oil And Shipping to rise. A big concern is whether any escalation could block the strait of hormuz, a major shipping channel. A third of Oil Tanker Traffic and one fifth of lng frozen gas passes through there. The Oil Markets are already reacting. The price of Brent Crude jumped 5 last thursday after President Biden said the us was
in some regions, financial support has been announced for looted businesses and hospitality venues. joining me now is charlotte de montpellier, senior economist france, ing economic research. a very warm welcome to the programme. first of all, we must state a course tourism is such an important part of the french economy, but the politics of this, the unrest, the reasons why these riots took place, i mean, that s the most important thing that should be self, isn t it, on the part of president macron? yes, it s definitely the main problem off right now. the tourism sector impact is very important of course but there are still the hope that it can be solved. of course a very bad number being announced. it should be noted it is specifically for paris, which is a very specific region and we don t see the same impact on other parts of the countries, there are no riots there, no