By hamas gunmen took place just before 6 30 local time. More than 300 young people attending the festival were killed, others were taken hostage. It has been called israels 9 11 by some, and like the attack on the world trade center, its had massive repercussions around the world in both politics and economics. Michelle fleury has more on the Global Impact one year on. The middle East Conflict could add to the risks already facing the global economy. The escalation comes at a time of uncertainty around the upcoming us election and as china tries to stabilise its struggling economy. Economists warn the war could push up inflation if Trade Routes are disrupted, causing the cost of Oil And Shipping to rise. A bigger concern is whether any escalation could rock the straits of hormuz, a major shipping channel. 0ne straits of hormuz, a major shipping channel. One third of Oil Tanker Traffic and a fifth of Lng And Gas passes through there. The Oil Markets are already reacting. The price of Br
Attacks by hamas gunmen took place. More than 300 young people attending the festival were killed others were taken hostage. It has been called israels 9 11 by some, and like the attack on the world trade center, its had massive repercussions around the world in both politics and economics. Michelle fleury has more on the global impact one year on. The middle East Conflict could add to the risks already facing the global economy. The escalation comes at a time of uncertainty around the upcoming us election and as china tries to stabilise its struggling economy. Economists warn the war could push up inflation if Trade Routes are disrupted, causing the cost of Oil And Shipping to rise. A big concern is whether any escalation could block the strait of hormuz, a major shipping channel. A third of Oil Tanker Traffic and one fifth of lng frozen gas passes through there. The Oil Markets are already reacting. The price of Brent Crude jumped 5 last thursday after President Biden said the us was
this week that their recommendation to president biden was not to shoot this down because of risk to people and property below. so this balloon made its way across a good chunk to have united states, from montana on tuesday and wednesday to where it is now over essentially north carolina where it s reaching the coast and open water beyond that where you no longer have the risk to people and property below. therefore, the question then becomes, does the military change its recommendation and recommend to president joe biden if you go ahead and follow the we ll take care of it, that will be the time and the place to shoot this down. it is worth noting, i ve been watching flight tracking websites pretty much all morning. there we ve seen some note worthy flight activity. a couple refuelling tankers right off the coast of myrtle beach essentially flying in a holding pattern. why is that note worthy? because fighters that could be used to shoot this down might need to refuel as th
then we re talking about 150 or 200 and a global recession. then biden is going to lose. that s what s at stake, and we are on a path of military escalation against iranian proxies, and they are providing the weapons. they are very happy with the fact that these attacks are actually occurring. that s the broader context. yeah, as long as the houthis continue to engage in strikes against civilian tanker traffic, and they have been doing it for weeks and weeks now, the americans and allies are going to respond. is this in any way a deterrent? what we saw overnight, right, the hope is that in some way this is a deterrent. the language wasn t working so this will. the hope has been for weeks that the u.s. will be able to deter further escalation. at every step it failed. it started with nuisance strikes in response to what were seen as nuisance attacks, that s what the white house was privately saying. now we have more significant
that could come from about three different bases to help with this. you already mentioned the tanker traffic that is orbiting off the coast of myrtle beach there and you also have the fighter aircraft that could come from various places including langley air force base in virginia, bases in north carolina and south carolina, all potential places where fighters could be scrambles from to go after this balloon and take it down. would there be a use of more than one aircraft at a time? potentially, yes. yu usually they will fly in a four ship formation, sometimes just in pairs. what they ll do is they ll go after a particular target. you want to have somebody there for safety reasons as a wing man to take a shot if the first shot