It has come down slightly, Nudging Par 77 a barrel. To explain why markets responded so quickly on thursday, heres our economics editor, faisal islam. In the aftermath of irans ballistic Missile Attack and as we wait for news on Israels Response there has been a rise in the price and that means since the attacks it is up 10 to over 77 a barrel on the Brent Crude measure, still down on the year because of local economic concerns but the spike up economic concerns but the spike up occurred immediately after president biden added to Suggestions Israel would target Irans Oilfacilities. Reporter would you support israel striking Irans Oil facilities . Israel striking Irans Oil facilities . ,. , facilities . We are discussing that. I facilities . We are discussing that. |think facilities . We are discussing that. L think that facilities . We are discussing that. I think that would facilities . We are discussing that. I think that would be i facilities . We are discussing that. I think that w
Edge. It is our hard product that cannot be based by Monetary Policy and things like that. People tend to flock towards gold in times of monetary uncertainty. Flat flock towards gold in times of monetary uncertainty. Flock towards gold in times of monetary uncertainty. Not a Big Oil Roducin monetary uncertainty. Not a big Oil Producing country monetary uncertainty. Not a big Oil Producing country in monetary uncertainty. Not a big Oil Producing country in itself, monetary uncertainty. Not a big Oil Producing country in itself, but monetary uncertainty. Not a big Oil Producing country in itself, but an l producing country in itself, but an important region. Talk to me about the nervousness and the stability of sunply, the nervousness and the stability of supply, because that is what we often see in like this, the worries that supply could be disrupted. Thats right. Israel and the casa slip, they are not active in the world producing, but the region is very important, the middle east. Pu
Still be using. The death toll since hamas launched its attacks on saturday has now reached 1200. 700 have been killed in israel, including 260 at a music festival. Reuters reports this figure includes 73 soldiers thats according to the Israeli Military. And more nearly 500 have been killed in gaza, after israel launched retaliatory air strikes. 33 of those are thought to be children. Lets take the scene live now in gaza. In the last few minutes and hours we have seen a number of strikes by Israeli Military, also as we have been hearing the Israeli Defence minister has announced he has called for a total blockade of the city. This is a densely populated area of land, home to 2. 2 Million People and what he is saying is that there will be no food, water or fuel allowed is that there will be no food, water orfuel allowed into is that there will be no food, water or fuel allowed into the gaza city. Now they completely rely on these things from the outside world. Militants from the Palesti
economic crisis in decades. well, joining me to discuss the situation is aneeka gupta, director, macroeconomic research at wisdomtree. good to see you. we cannot overstate how difficult things are in sri lanka at the moment. even yesterday in the protests we had doctors protesting because they haven t got the medicines they need. absolutely. you know it has come down to prices, looking at electricity, food, fuel, all of these basic necessities, not being supplied easily, and the key reason is we have seen an escalation in oil prices which is hitting sri lanka s import bill. we are looking at a very unfortunate position where we have effected reserves of $2 billion versus a huge debt pile up billion versus a huge debt pile up of $7 billion, and $1