And were starting with the latest incident in the volatile Gulf Region Oil prices have surged after what is believed to have been a missile strike on and ukrainian tanker in the red sea benchmark brant crude oil rose over 2 percent in trading to reach 60. 40 a barrel after this beauty was hits off the saudi port city of jeddah the ship was headed towards iran or in the gulf it was the latest strike by an unknown attacker on Oil Facilities in the gulf region a bombing office saudi arabias largest Oil Processing facility this summer caused a 10 percent spike in the oil price but markets calmed quickly as output was restored. For more im joined now by joseph head of oil and gas and alice is at Fitch Solutions in london good to have you with us so you comparison to this attack on saudi Oil Processing facility in summer how serious is this latest incident for
the oil market. Thank you monica the latest its the to is relatively minor in comparison to last months attack on iran cos facilities
europe in london to tell us about the main stumbling blocks. so it s pretty clear now that if the u.s. wants the deal to cover every cultural purpose purchases maybe some are juiced tariffs and some changes to for example chinese regulation of foreign investment into china that deal could be struck it s clear that this episode on the trainee side to do the deal the roadblock has always been the u.s. is desire to place binding constraints with the legal mechanism on china s ability to appropriate intellectual property from overseas because this directly ties into chinese ambitions to grow the economy and to increase their position on the manufacturing chain so that s the real roadblock it s the ip provisions. and meanwhile chinese president xi jinping is paying a courtesy call on india s modi the 2 leaders will be looking for common economic
europe in london to tell us about the main stumbling blocks. so it s pretty clear now that if the us wanted the deal to cover cultural purposes purchases maybe some were juiced tariffs and some changes to for example chinese regulation of foreign investment into china that deal could be struck it s clear that there s appetite on the trainee side to do that deal the roadblock has always been the u.s. is desire to place binding constraints with a legal mechanism on china s ability to appropriate conflictual property from overseas because this is directly ties into chinese ambitions to grow the economy and to increase their position on the manufacturing chain so that s the real roadblock it s the ip provisions. and meanwhile chinese president xi jinping is paying a courtesy call on india s no random ot the 2 leaders will be looking for common