Territories are oil producers, but because the middle east is such a huge oil producer as a region, about a third of the worlds oil comes from this region it is what people call the wall risk premium. You have all these interconnected players, pieces of the puzzle, the question is now whether israels response of these attacks can be limited, how long will it last, is going to dragon diplomatically other regional players, so that is really what is contributing to the volatility. A lot of talk about iran, that critical to a chokepoint. Reports of uranian involvement in these attacks. Iranian. It should be pointed out Antony Blinken has said there is no evidence to suggest any iranian involvement so far but it plays into this atmosphere of uncertainty and basically not really knowing what happens next. And that really is reflected in things like the price of oil. find really is reflected in things like the price of oil. And very briefl , like the price of oil. And very briefly, were like
Has some distressing images. Israeli troops are still hunting down armed palestinians. More than 30 hours after their biggest and bloodiest breakout from gaza into israel itself. One of the worlds most advanced militaries taken by surprise. By hamas, a militant group kept behind barriers that were supposed to stop this happening. Their attack, as brutal as it was brazen. Hundreds killed. For israel, that has included scores of unarmed civilians as well as of soldiers. Already, the largest loss of life in decades. Here, the bodies of an israeli family shot dead waiting to be identified and buried. Hamas has taken dozens of hostages, too. Like this 85 year old grandmother, whisked away by militants in a golf cart. Families, too, among them this mans wife and their five year old and two year old daughters. He is left anxiously waiting for news and pleading for their safe return. I want to ask of hamas, dont hurt them. Dont hurt little children, dont hurt women. If you want me instead, i a
Says more than 700 israelis have been killed. 260 bodies have been found dead at the site of a Music Festival in southern israel. The Gaza Ministry of health says 413 palestinians have been killed by israeli airstrikes in gaza, including 78 children and 41 women. Israel says it is still trying to regain full control of eight areas where hamas militants infiltrated following saturdays attack. The number of israeli civilians and soldiers taken hostage has been put at 100 by the Israeli Embassy to the us, though some have been freed. In northern israel, hezbollah rockets targeted three military positions, with israel responding with barrages of artillery into Southern Lebanon. The United Nations Security Council has held an Emergency Meeting to discuss the crisis. 0ur Correspondentjonathan Beale has the latest. I should warn you his report has some distressing images. Israeli troops are still hunting down armed palestinians. More than 30 hours after their biggest and bloodiest breakout fr
100 100 israeli citizens. 0ur Correspondentjonathan Beale has the latest i should warn you, his report has some distressing images. Israeli troops are still hunting down armed palestinians. More than 30 hours after their biggest and bloodiest breakout from gaza into israel itself. One of the worlds most advanced militaries taken by surprise. By hamas, a Militant Group kept behind barriers that were supposed to stop this happening. Their attack, as brutal as it was brazen. Hundreds killed. For israel, that has included scores of unarmed civilians as well as of soldiers. Already, the largest loss of life in decades. Here, the bodies of an israeli family shot dead waiting to be identified and buried. Hamas has taken dozens of hostages, too. Like this 85 year old grandmother, whisked away by militants in a golf cart. Families, too, among them this mans wife and their five year old and two year old daughters. He is left anxiously waiting for news and pleading for their safe return. I want t
Oil prices in this case. I think the real impact would be how High Oil Prices would be sustained because of the geopolitical risk. Clearly there economic impact, the real issue will be the impact with inflation. Its too early to put an assessment there, but short term, High Oil Prices would drive Financial Markets in the next few days. In the next few days. What is our in the next few days. What is your sense. In the next few days. What is your sense, are in the next few days. What is your sense, are we in the next few days. What is your sense, are we seeing i in the next few days. What is| your sense, are we seeing an increased interest in safe havens like gold and the us dollar . I havens like gold and the us dollar . ~ , dollar . I think in this environment, dollar . I think in this environment, of dollar . I think in this. Environment, of course, dollar . I think in this environment, of course, the dollar would actually do well, given that Interest Rates are extremely high in the u