Irans Oil Industry after comments by President Biden. Welcome to business today, live from new york, i m ritika gupta. Share prices in the us have been searching after great news regarding the us economy. The strike on the East Coast ports has also been suspended. It is not all positive news, though. Oil markets are still reeling from a comment by President Biden on thursday that the White House is discussing whether to support an attack by israel on Irans Oil facilities. This is how one of the key benchmarks Brent Crude was trading in the last 15 minutes if it stays at these levels it will be up around 10 per cent this week. One Oil Market Watcher told us he is astounded by the president s comment. In over 15 years of covering the energy markets, reporting them and dare i say, trading on the markets as well, i have never seen anything. This is quite unprecedented. Whether its off the cuff or not, for a sitting us president , just a little over four weeks from the american president i
Are battling catastrophic conditions, as wildfires continue to rage on australias east coast. Coming up on afternoon live, all the sport with jane dougall. Hello. Both Raheem Sterling and joe gomez had trained together, despite Raheem Sterling being dropped after an altercation between the two. Sterling has admitted his emotions got the better of him. Are slight respite for the rain in the next 24 hours. We will take a closer look at what is causing a catastrophic australian wildfires. Also coming up, were out and about in Bishop Auckland. We are in the north east today, in Bishop Auckland, in a town that has voted labour in every election since 1935. Is that about to change . Hello, everyone this is afternoon live. The labour Leaderjeremy Corbyn has heavily criticised the government for what he has described as a woeful response to flooding in yorkshire and the midlands. Five days after the flooding began, the Prime Minister will this afternoon chair a meeting of the governments Cobra
us more vulnerable. that is the reason why we have been so clear on the following, that ukraine has the right to choose its own path and what kind of security arrangement it once. that is the first line in the paragraph today. and this is a fundamental right. therefore, you can other allow that moscow started to decide who can or cannot be member of nato. russia has been against every part of nato. it is for nato allies and ukraine to decide when to become a member. moscow doesn t have a say on. we are moving ukraine closer to membership, we make the decisions today, which is the most united message on the path towards membership. and of course, we do it knowing moscow will protest, as they did when finland, sweden or north macedonia joint. ukraine has the right to choose their path, allies will decide, not moscow. , ., , . . . , moscow. just one sentence. what is very important moscow. just one sentence. what is very important is moscow. just one sentence. what is very i
leave interest rates unchanged in june. leave interest rates unchanged injune. charles lieberman, who has worked at the new york fed and is now chief investment officer and advises capitol management explained the rationale. rationale. the fed has tightened rationale. the fed has tightened monetary i rationale. the fed has - tightened monetary policy quite dramatically quite quickly, basically a phase with five percentage point increase in a little more than a year. and thatis little more than a year. and that is huge. historically it is an enormous increase. and i think there is a loss of there is one view that the feds should wait to see the impact of what they ve done. any should wait to see the impact of what they ve done. any break ma be of what they ve done. any break may be short of what they ve done. any break may be short lived. of what they ve done. any break may be short lived. us - may be short lived. us inflation are still running well above the feds