Deep into the german culture of looking at stereotypes quite a bit here think you see the country that i know not the time. You dont seem to think for those gramma down you go its all about their new im rachel joins me from the german sunday w. Post. Oil markets are in turmoil after the 2 tankers were attacked close to the strait of hormuz soaking fears of growing risk around a vital shipping lane for Global Oil Supply is. Also on the show a pivot away from fossil fuels could see norways sauber in wealth fund dropping big names from its portfolio. And we tell you why turkey still takes Plastic Waste imports at a time where other countries are rejecting the. This is d. W. Business. And in berlin welcome we start with the latest escalations in the strait of hormuz where 2 oil tankers were attacked earlier on thursday or Oil Prices Spiked in the aftermath with brant crude hitting over 62. 00 a barrel immediately after news of the incident broke the strait of hormuz as one of the worlds mo
Imports at a time where other countries are rejecting them. This is v. W. Business im joined on in berlin welcome we start with the latest escalations in the straits of hormuz where 2 oil tankers were attacked earlier on thursday or Oil Prices Spiked in the aftermath with brant crude hitting over 62. 00 a barrel immediately after news of the incident broke the strait of hormuz as one of the worlds most strategically important choke points along the coast of iran almost a 3rd of all liquefied natural gas and almost 20 percent of Global Oil Production has to squeeze through here to exit the persian gulf and get out into the world. Our markets correspondent joins us now good to see the end whats been the reaction there to these attacks on wall street. Initially we saw the oil prices popping by about 3 and a half per cent but then by the end of the session we settled at around. 2 per cent and that after oil prices dropped by a good 20 percent in the month in may so at this point actually d
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