In retaliation for the barrage of missiles launched by tehran two days ago. On tuesday, iran fired 180 missiles across large parts of israel. It came in response to the israeli military s Ground Invasion of southern lebanon. The conflict has continued to escalate overnight. Lebanons Health Ministry says five people have been killed in a strike on a medicalfacility in beirut. The Israeil Military confirmed it had carried out a Precision Attack on a building said to be affiliated with the iran backed armed group hezbollah. Our Correspondent Peter bowes has the latest. More explosions ring out overnight in lebanon. The Israeli Army says it conducted a precise attack on bachoura in central beirut. The first raid in the heart of lebanons capital. Lebanese officials say at least five people were killed and 11 injured in this israeli strike on a medical facility, a building affiliated with hezbollah. Earlier, the lebanese Health Ministry confirmed at least 46 people have been killed in israel
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
September. How do you expect that to feed through into InflatIon ExpectatIons and impact the us economy . I think riaht now impact the us economy . I think right now the impact the us economy . I think right now the focus impact the us economy . I think right now the focus is right now the focus is definitely on crude oil. A lot of people are drawing comparisons to what happened when the war in ukraine started. When you take a Look Oil surged Io . With this incident it surged 5 in some of that is because we have us productIon at record highs. Opec was undecided over increasing productIon. This is a moment where investors are trying to get a sense of how are the actual supply disruptIons going to unfold in the coming weeks and months. Right now the market was pretty content that this inflatIon and that trend was going to remain and now they are scratching their heads to see will this be a big shock to inflatIon. In additIon to this Oil Surge we have a Dock Worker Strike which could also
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