Oil Prices Surge and stocks tumble as barrage of missiles in the Middle East prompts supply fears in a region that accounts for a third of global oil production. Us Trade Paralysis dockworkers threaten to continue striking for as long as necessary with ports along the East And Gulf coasts remaining shut for a second day. Also on the programme, could technology bring extinct species back to life . We speak to the boss of a De Extinction Company hoping to resurrect the Woolly Mammoth. Live from london, this is business today. Lets start with the Middle East, where, as weve been reporting, israel has warned of grave consequences after iran launched a barrage of missiles at targets across the country on tuesday. Oil prices have been surging as traders fear a full scale regional war could disrupt Energy Supplies to the global market. Brent crude rose as much as 5 to 75. 40 a barrel in intraday trading. Lets Take A Look at the latest Oil Price now. Up up1. 36 , up 1. 36 , 74 up1. 36 , 74 and
The two major sticking points between the international longshoremen S Association and us Maritime Alliance are wages and automation. Workers are unhappy with the current contract, which spanned the pandemic, when Dock Workers stayed on the job and endured months of soaring inflation on automation, the Union Boss has been warning Dock Workers that their jobs could be replaced by machines. In response, the us Maritime Alliance has said its offering to keep the current ban on fully automated equipment. A strike could cost the us economy 5 Billion a day, according to Jp Morgan analysts. A range of Goods Flow through the East And Gulf coast ports, everything from raw materials and pharmaceuticals to clothes and toys, with the ports accounting for more than half of containerised imports. While consumers may not feel the impact of the strikes right away, if it extends for weeks, it could lead to shortages and higher prices ahead of the president ial election. Thats something new York Governo
The Israeli Military has been describing it as a targeted, localised limited incursion so far. We had some details from a senior israeli Security Official, saying that these are local raids, very limited in scope, in the area, so no crashes happening so no clashes happening at the moment between israeli forces and hezbollah fighters in the south according to this senior israeli official. Obviously hezbollah has remained defiant. Yesterday, we heard from the Groups Number two who said that hezbollah fighters were ready to confront any israeli invasion. This is a part of the country that is a hezbollah stronghold. Obviously after two weeks of widespread israeli Air Strikes, high profile assassinations, hezbollah has been weakened, its leadership has been almost completely decimated, but the group remains a very powerful force. It is believed to have thousands of rockets, including missiles that can strike deep inside israel, also thousands of experienced fighters. So there is here the qu
In Bonus Cash just told him a cnn special event, the Place President ial Debate Tomorrow with nine this is cnn Breaking News Viewers joining us here in the United States around the world and streaming us On Cnn, max, Im Rosemary Church in atlanta im Becky Anderson in tel aviv. It is 8 00 am here in israel and in lebanon, where israeli troops are now conducting what they describe as a limited Ground Operation well, that is the sound of Artillery Fire along the israeli lebanese border hold up overnight. Where the israeli military says its conducting quote, targeted raids on villages. Suppose immediate threats to communities in northern israel, although israeli officials say there will be, quote, no longTerm Occupation of Southern Lebanon when the Israeli Army released this video that it says shows preparations for the Ground Operation. The u. S. Says, israel informed it to of a number of operations, including the Ground Incursion and he national security Councils Spokesperson tells cnn t
Is cnn Breaking News hello, and welcome. Im Becky Anderson in Tel Aviv in israel. It is 9 00 a. M. Here and in lebanon, york were looking at live pictures out of beirut, or a thick haze is hanging over the city after overnight israeli airstrikes. And we are now learning more about what israel says is a limited Ground Operation to in lebanon the Israeli Military says it conducted quote, targeted raids at the israeli lebanese Border Israel says its troops include paratroopers commanders, and members of the armed corps and they emphasize there will be he quote, no long Term Occupation of Southern Lebanon. The lebanese State Media says the attacks on southern Lebanon Cause severe damage on hezbollah says it has targeted parts of Northern Israel during the early morning hours following the Israeli Military incursion the u. S. Says israel informed as of now number of operations including the Ground Incursion and a national Security Council Spokesperson tells cnn that the mission can be a ris