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The labour party is to meet to agree the rules for its leadership contest. Five mps sir keir starmer pictured here clive lewis, lisa nandy, Jess Philipps and Emily Thornberry have so far entered the running to succeed jeremy corbyn. More on our website, bbc. C0. Uk news and the news app. Now on bbc news, live to singapore for Asia Business report. Oil prices sizzled. How high will they go as tensions reach fever pitch tween the us and iran. Australian bushfires rage on. We find out how to months of deadly blazes are exhausting sources and its economy. Hello and welcome to this monday addition of Asia Business report. We start with a growing conflict between the us and iran. Oil prices have been rising even here in asian trade, and that is after tehran announced it would pull out of a nuclear deal with world powers. This is where they are trading at the moment as you can see, like crude at 64 moment as you can see, like crude at 61; a barrel. The move comes after the death of a top Iran

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