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
Good to be with you. Im katy tur. We have Breaking News out of lebanon. Any moment from now, Vice President , you know what, thats the wrong script. We do have Breaking News out of lebanon where israel just struck the headquarters of hezbollah. U. S. Designated terror group. You can see this in video that the strike was big, hitting a building in southern beirut. An israeli official tells Nbc News that the target was the iranbacked leader, Hassan Nasrallah. It wasnt clear whether he had been killed. The strike had interesting timing, launched just an hour after prime Minister Benjamin Netanyahu said this to the United Nations. They endanger their own people. They put a missile in every kitchen, a rocket in every garage. I said to the people of lebanon this week, get out of the Death Trap that hezbollah has put you in. Dont let Nasrallah Drag Lebanon into the abyss. Were not at war with you. Were at war with hezbollah, which has hijacked your country and threatens to destroy ours. As lo
Joining us this hour. Heres an interesting thing. Sort of a personal thing, but also a news thing. Right before President Trump was impeached the first time, i published a book called blow out and the weird surprising to me thing about blow out is that tended up being oddly well timed. I had no idea it was going to be well timed when i set out to write it, but thats how it landed. It was a book about the Oil And Gas Industry and the political power and geopolitical power of that industry. And a big chunk of that book was about all of the craziness and Corruption In Ukraine. And of course, then, right at the time the book came out, all the craziness and Corruption In Ukraine ended up being the setting, like the Playing Field for what President Trump got impeached for the first time he got impeached. I did not intend it to land that way. It was fortuitous and i hope helpful to people trying to figure out that landscape while we were looking at that first impeachment. Now, of course, mr.
Well timed. That is how it landed. A book about the Oil And Gas Industry and a big chunk of the book was about the craziness and the corruption in the ukraine. Then it was the playing field. I didnt intend it to land it that way. Well, now of course mr. Trump is being impeached for a second time. And it is kind of uncanny, a lot of the things that i wrote about in the book that came out in the first trump impeachment. The whole reason that i wrote the book is because we were consistently underestimating the sway of this one industry. How much sway it has over politicals and governments here and around the world. I thought there was a need for a explainer and how the industry could explain. If something is happening that does not make sense on the surface it helps to look at the industry and see if they are maybe The Hidden Hand, when politics fail or governments are bad. This is a place to look. One thing to say here is the hidden power that is making it possible or impossible and call
All about the craziness and Corruption In Ukraine. And of course, then, right at the time the book came out, all the craziness and Corruption In Ukraine ended up being the setting, like, the Playing Field for what President Trump got impeached for the first time he got impeached. I did not intend it to land that way. It was foretuittous, and i hope, helpful to people trying to figure out that landscape while we were looking at that first impeachment. Well, now, of course, mr. Trump is being impeached for a second time, and its kind of uncanny a lot of the things that i wrote about in that book that came out during the first trump impeachment. Theyre sort of coming home to roost now. The whole reason i wrote that book is because i think we were pretty consistently underestimating the sway of this one industry, how much sway the Oil And Gas Industry has over politics and whole governments, both here in the United States and around the world. And so, i thought it would be helpful. I thoug