Irans Oil Industry after comments by President Biden. Welcome to business today, live from new york, i m ritika gupta. Share prices in the us have been searching after great news regarding the us economy. The strike on the East Coast ports has also been suspended. It is not all positive news, though. Oil markets are still reeling from a comment by President Biden on thursday that the White House is discussing whether to support an attack by israel on Irans Oil facilities. This is how one of the key benchmarks Brent Crude was trading in the last 15 minutes if it stays at these levels it will be up around 10 per cent this week. One Oil Market Watcher told us he is astounded by the president s comment. In over 15 years of covering the energy markets, reporting them and dare i say, trading on the markets as well, i have never seen anything. This is quite unprecedented. Whether its off the cuff or not, for a sitting us president , just a little over four weeks from the american president i
TheIr moment of freedom would come a lot sooner than people thInk. More on that In a moment. On lebanon, Israels Defence MInIster saId they were ready to use forces from aIr, Sea And Land to achIeve Its objectIves agaInst hezbollah to ensure people whod evacuated theIr homes In northern Israel, were safe to return. He told the troops, you are part of thIs effort. Hezbollah s Deputy Leader has InsIsted that the group Is ready If Israel decIdes to Invade lebanon. In a defIant speech, he saId the battle agaInst Israel wIll contInue. There have been more IsraelI attacks today. Hamas says the leader of Its operatIons In lebanon has been kIlled by an aIrstrIke. Another PalestInIan Group saId three of Its leaders were kIlled In a strIke on an Apartment Block near central beIrut. We wIll have more on all those developments In a moment, but fIrst to a News Conference that has just started wIth some of the famIlIes of the hostages are stIll beIng Held. The famIlIes of the hostages are stIll beIn
Suppliers following its full Scale Invasion of ukraine in 2022. Bilateral trade between the two countries topped 240 Billion last year, up 26 on a year earlier. Has the Balance Of Power now shifted with russias increasing reliance on its eastern neighbour . Joining me now is chris weafer, chief executive officer, macro advisory ltd. Thanks forjoining us, good to see you. Firstly, what were you expecting from these Trade Talks . Anything material or substantial to come out of it . Not to publicly, i think it is more a Case Ofjust again showcasing that this is the main political and economic relationship from moscow. It shows the complete shift away from what was very heavy trade with europe, with the western nations, that has now moved to asia. Kind Ofjust Restating that and restating the fact that and restating the fact that moscow sees this as its main relationship going forward, it used to be the case that the forum held annually in june was the main economic Trade Show Case for russ
That ruling has been upheld. Lets get the latest now from our reporter in brasilia, leandro prazeres. In terms of what this means for brazilians, how are people reacting to this lack of access To X . ~.. To X . Well, what we have seen so far since To X . Well, what we have seen so far since the To X . Well, what we have seen so far since the beginning To X . Well, what we have seen so far since the beginning of i so far since the beginning of last weekend is that there is a huge number of brazilians, Former X users, who have been migrating to other Social Networks such as blue sky, threads, and people reactivating accounts on facebook to talk about the issues that they were talking about on x. Yesterday, for example, it was reported that bluesky had gained more thani million new brazilian users in just three days. For those who are still trying to use x as a platform, they can use virtual private networks but the problem is that there is a fine imposed by the Supreme Court in brazil wh
Live from new york, at the opening bell, this is business today. Traders tread water on wednesday. Cranking up the voltage on trade tensions. Canada slaps hefty import taxes on electric cars made in china older, wiser, and ready to spend. How businesses are finding a Silver Lining in indias ageing population. Welcome to business today, im Michelle Fleury live from new york. Us markets slip at the open after the record close. More on that any moment. Lets turn our attention to markets, the dow is down two tenths of a percent right now, after the wreck a close yesterday. The snp and nasdaq have not fared so well. Traders are turning away from the Technology Stocks right now. For more on this is the chief market strategist, great to see it this morning. Are you surprised this rally is stalling . What should we read from the dow slipping back slightly . Read from the dow slipping back sliuhtl .. slightly . Good morning, i dont think they slightly . Good morning, i dont think they can slig