Billion of foreign currency. But one of the biggest impacts globally has been on the Oil Pricejumping up by 5 on monday at one point it has since stabilized. Heres sameer hashmi. Joining me now is amrita sen, dounder and director of research at energy aspects. Give us your sense of what is happening right now. Prices are easing off a little but it is a wait and see mode, isnt it . Absolutely. What the market is afraid of is a wider escalation in the region. Obviously the market is focused on that and is worried about that. What the price reflect reflecting, around 88, is the unfounded fears from last week is that the initial us, israel, saudi diplomacy might lead to the cuts to happen earlier. The important events over the weekend definitely produce talks on hold, if not derailed them completely. That is why prices moved up completely. That is why prices moved up 4 yesterday. Completely. That is why prices moved up 496 yesterday up 496 yesterday. Israel and gaza are not bi oil up 496 y