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
To discover a vast ocean on one of jupiters moons. We begin in iraq where governmentbacked troops seem to be gaining the upper hand in the biggest defensive so far against the group that calls itself Islamic State. I. S. Militants are being pushed back into the center of tikrit. You can see it above baghdad as the battle for the city continues. The bbcs reporter has been on the front line with iraqi forces and sent us this report. Reporter advancing into tikrit. Iraqi Army Soldiers have mounted the largest offensive against Islamic State to date. After months of false starts, progress is now being made. The Top Army Generals to the battlefield is a short force and a message that wont be lost on the iraqi people. Last year the army collapsed in the face of the wellarmed jihadists. Now they are regaining confidence. Translator deliberation of this city and province will serve as a launch pad for reclaiming the north and the west of iraq. If Islamic State is defeated here, theyll be defea
The iea the International Energy agency with its oil market report. Having bottomed out in the Second Quarter of 2014, Global Demand has steadily risen the record u. S. Oil glut is continuing to cut prices. Well keep an eye on oil. Quite a lot of volatility and fluctuation. Opec joining the conversation. Brent at 57. Tensions high in europe as greeces Prime Minister meets with the president of the European Commission in brussels. Greece formally complained about Wolfgang Schaeuble. Lets bring in hans nichols in berlin. Marcus is in athens. The spat between Wolfgang Schaeuble and varoufakis is very public. Hans we had a formal complaint tuesday night from the greek ambassador to germany lodging a complaint claiming that mr. Yanis varoufakis called him foolishly naive. Here is what mr. Wolfgang schaeuble said. He was commenting on mr. Varoufakis communication strategy. Some greek papers and markets might be in a better position to talk about this. Mr. Schaeuble said to be called for shal
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