Impact in oil prices because if you even though iran has been under solutions for the last years it been quietly providing oil to customers in the globe and the white house has turned a blind eye especially the last year or two because its been trying to smooth relations between iran and the western world but now if the white house decides to enforce those sanctions, that means supply from iran would be cut off and coming at a time when oil supplies have been tightening because saudi arabia and russia, the two largest exporters of oil in the world, were also part of 0pec have collectively being reduced 1. 3 Million Barrels of oil per Day Sincejuly and will get you to do so to the end of the and there is a good chance it may continue next year as well so if this happens there will be a scenario where there will be less oil supplier, more demand, and that leads to higher prices. Major Oil Producers are not directly involved in the conflict but it has still sparked uncertainty as far as o
Days of intense violence. Inside gaza, it looks every bit as if palestinians are feeling the full force of Israeli Military power. Israel says hamas is responsible for the suffering of gazas civilians. And its retaliation for the hamas attack is only just begun. Hamas has threatened to start killing its israeli hostages. The air strikes rolled on, hour after hour. Palestinian armed groups, undeterred, kept up their own barrage of israel. 0ur bbc team was in ashkelon in southern israel, not far from the gaza border when a salvo came in. Ashkelon is so close to gaza that there is no more than a ten second warning. Israel is moving in more fire power. The next stage of the offensive against hamas looks certain to be a Ground Offensive, much bigger than other incursions since hamas took over in gaza in 2007. Lines of cars outside a Military Base on the road to gaza were parked by reservists as they reported for duty, getting ready, saying their goodbyes. Parents came to the base for a few