the black sea and tackling the globalfood crisis. if you have justjoined us you are welcome and we begin in the uk with a brace to replace borisjohnson as conservative party leader is gathering momentum. on wednesday evening the shortlist of eight came sex, as former foreign secretaryjeremy hunt and the current chancellor nadhim zahawi were eliminated from the first round. by the end of next week, the list will be narrowed down to two names which will then go to the party boat with 60,000 members around the country for a final decision. the former chancellor rishi sunak got the most votes from conservative mps, he has criticised other contenders for offering fairytales on tax, saying cutting taxes now would stoke inflation. it is saying cutting taxes now would stoke inflation. stoke inflation. it is not credible stoke inflation. it is not credible to stoke inflation. it is not credible to promise - stoke inflation. it is noti credible to promise lots stoke inflation. it
stoke inflation. it is saying cutting taxes now would stoke inflation. stoke inflation. it is not credible stoke inflation. it is not credible to stoke inflation. it is not credible to promise - stoke inflation. it is noti credible to promise lots stoke inflation. it is not - credible to promise lots more spending and lower taxes. i had to make some of the most difficult choices of my life as chancellor, how to deal with our debt and borrowing after covid i9. i have never hidden away from those. i won t pretend now the choices i made on the things i voted for was somehow not necessary. and while that may be politically inconvenient for me, it is also the truth. as is the fact, that once you have gripped inflation, i will get the tax burden down. it is a question of when, not if. in burden down. it is a question of when, not if. of when, not if. in second lace of when, not if. in second place with of when, not if. in second place with 67 of when, not if. in second place with 6
and this is all happening as the united states is withdrawing from afghanistan or troops out, laura, by the 31st of august. yeah. a lot of questions on this one, for sure. thank you so much. i appreciate it, anna. a deal finally on oil production. agreeing to increase oil production over the weekend as demand and prices surge across the country. the group will raise overall oil production by 400,000 barrels per day on a monthly basis, starting in august. oil producers will reassess market developments in december. oil prices surged two weeks ago after the group cancelled the meeting to discuss increasing production. brent crude price is currently under $72 a barrel. last week the international energy agency warned oil producers that failure to agree on supply increases could raise fuel prices, stoke inflation, and threaten the pandemic recovery. the national average for a gallon of gas is $3.16.