and the independent trade economist rebecca harding. we start here in the uk where the economy is expected to do worse than every other major advanced country this year, including russia which has been hit by a barrage of economic sanctions from the west. that s according to the international monetary fund, the imf. it said the uk economy will shrink by 0.6% in 2023, rather than grow slightly as previously predicted. here s what they ve had to say. we have a very challenging environment in the united kingdom. we have a large terms of charts meaning that an energy crisis is very strong and in a country where there is a high dependence on liquid natural gas in the high pass through of the wholesale price to the retail price and this is heading towards the cost of living crisis and we have an environment as a response to this high inflation, there was a tightening of monetary policy by the bank of england and in the uk, this fits quickly into mortgages because a lot of mortgag
that s what the white house wants to talk about. they believe they delivered. the president is dealing with a decision that was made out of his control. the significant, dramatic cut that was made in output levels by opec. the president, blunt, in his view of that. what s your reaction to the opec decision? disappointment. don t hurt him. is it going to be there s a lot of alternatives. we haven t made up our mind yet. reporter: there s so many different elements of this, the domestic economy, the global economy, the bilateral relationship, the geopolitics in the midst of the war in ukraine, and politics, 30 days out from the election. the white house is working on a series of options that the president may pursue to block major increases at the pump. they are aware this is a global market. a decision made by some countries that the u.s. viewed a s allies or should have been allies leading up to it. the disappointment is real. some rage, to some degree, when you t
president biden and leader xi jinping meet for the first time in more than a year. we will tell what you they are talking about. and hunter biden s legal team wants to subpoena former president trump and his associates. and why a fishing village in ice land is just about deserted, tonight. shannon: but, first, breaking tonight. fox news has gained access to the hospital in gaza city that israel says is actually a major staging area for hamas terrorists. israeli troops stormed the facility today correspondent trey yingst is in southern israel tonight. hello, trey. shannon, good evening. the raid of gaza s al shifa hospital is ongoing at this hour. tonight the israeli military took two journalists to the facility that sits on the front lines between israel and hamas. here s a preview of our reporting. nearly three weeks into the ground operation, we are with the israeli military in the dark of night, headed into the heart of gaza city, the israelis have been fighting bloc
U.S. West Texas Intermediate crude dipped 90 cents, or 1.2%, to $76.20, after declining as much as 5% in the previous session. In a surprise move, the Organization of the Petroleum Exporting Countries and allies including Russia delayed to Nov. 30 a ministerial meeting where they were expected to discuss oil output cuts. Producers were struggling to agree on output levels and hence possible reductions ahead of the meeting originally set for Nov. 26, OPEC+ sources said.