In the latest fighting, israel has bombed a building in central beirut. Both Israel And Hezbollah have reported a second day of intense fighting on the ground in southern lebanon. Oil prices jumped on tuesday over supply fears, with markets regAining ground as investors seemingly come to terms with the escalation in tensions. Lets have a quick look at the price of oil, once agAin today, more than a i once agAin today, more than a i increase, the price of oil just below 75 per barrel. It would look at the Share Markets in asia, its an interesting picture were seeing. Japan is seeing a bigjump, Over2 because of the yen has weakened significantly on anticipation of what might happen in the japanese Economy But Hong kong is down over 3 . Big profit taking going on in hong kong, over the last few days there we have seen rapid increases on these markets in response to chinese stimulus so chinese stocks have had a real rise in recent days. Today, profit taking going on there but elsewhere, as
Bonanza for Chatg Pt Maker openai it takes in new funding, making it one of the most valuable Start Ups in The World. Will he or wont he show up that is Elon Musk is due to testify to the us Markets Watchdog over his Twitter Buyout after a no show last month. Welcome to business today, im ben thompson. We start in the Middle East where, as weve been reporting, President Biden has said the us does not support an attack by israel on irans nuclear sites in response to tehran s missile strikes on israel on tuesday. The us president said the israelis had a right to respond to the attack, but they needed to do so proportionately. In the latest fighting, israel has bombed a building in central beirut. Oil prices have risen since wednesday over supply fears, with markets regaining ground as investors seemingly come to terms with the escalation. Lets have a quick look at the price of oil. This is the one to keep an eye on, Brent Crude up another 2 today taking it above 75 per barrel. For more o
In terms of iran and the risk to exports directly out of iran, thats about 1. 7, 1. 8 million barrelS Per day. And obviously those, the Export Facilities in iran, are those probably at greatest risk in the aftermath of what happened on tuesday night. But i think, you know, weve had a muted reaction, partly because markets are still focussed on a comparatively weak chinese economy and expectations that the Oil Market more broadly next year is looking like it may head into surplus. So, you know, very much mixed messages at the moment coming out of the crude market. Lets go straight to New York and get the latest from our correspondent there, ritika gupta. We saw there prior to starting to rise once again, particularly off the back of those comments by president biden. Explain what he said. We are seeing biden. Explain what he said. Are seeing Oil Prices spiking after the back of president biden s comments, saying they are considering the possibility of israel launching a counterattack on
British for now, but after todays agreement, not for much longer. The islands are all uninhabited, save for one. An important one. DieGo garcia. It is home to a vast and secretive american Military Base, used to refuel bombers during the wars in iraq and afghanistan. Foghorn but for years, the Island Nation of mauritius has been staking claim to the ChaGos Islands, planting their flag on one of the tropical atolls here and demanding that britain give up what some have called the uks last colony in africa. Back in the 1960s, the people living on the archipelaGo were forcibly removed by britain, which kept hold of the islands while giving mauritius its independence. A secret deal was already in place to let the americans set up their Military Base on DieGo Garcia. Chapter ii of the charter. But in recent years, international opinion has turned against britain. That the united kingdom is under an obligation. The uns top court ruled here that the islands do indeed belong to mauritius and s
AgaInst hezbollah In lebanon, and predIctIng theIr health we dIsplaced. It happens so fast, as we are tryIng to track the People to know where they are goIng, you have dIfferent scenarIos dependIng on your socIal networks, whether your parents and those central areas may be somewhere else In lebanon, a summer house, about 200,000 of them had found refuge In schools. 900 schools have been open, 700 of them are already totally through. 0n schools have been open, 700 of them are already totally through. On that Monday Tuesday EvenIng last week It rocked up In schools, push the tables on one sIde and kIds chaIrs and slept on the floor. In elderly famIlIes put together In classrooms, basIcally that they were tryIng to use as bedrooms. StIll have famIlIes, People lIvIng, sleepIng In theIr cars and People sleepIng on theIr cars and People sleepIng on the sIdewalks. Its extremely sad. Do we have a better Idea of who Is fleeIng . We spoke to some humanItarIan agencIes who saId that these are le