Of its choosing. Oil prices are particularly volatile, given the regions role in producing a commodity so vital to the functioning of the Global Economy. Well, oil prices have actually been falling and thats because many traders think the risk of escalation is already factored in to the price. The American Bank citigroup though is warning that if there is more direct conflict between the two, oil prices could soar above 100 a barrel. And its likely that all of this will dominate the agenda for central bankers and Finance Ministers who are gathering this week in washington dc for the annual International Montary fund and world bank meetings. Ahead of that, the head of the imf Kristalina Georgieva has been warning the Global Economy faces a sluggish and disappointing decade amid all the uncertainty. Any impact, as small as it might be, is not desirable in an economy with high uncertainty. And inflation still not being brought down to target, very simple, oil prices go up, inflation goes up, so what can be done to bring down uncertainty is, of course, for others, for those in politics, the military, from an economic standpoint, the more we reduce uncertainty, the better. The view of the head of the imf but there is a lot of uncertainty around. Our middle east Business CorrespondentSameer Hashmi is in riyadh for us and he told me more about the market reaction. Over the weekend, it did not go out much. Thats because on friday we saw brent, one of the most touching a six month high, that is due to multiple factors. It had anticipated this attack so that was already factored in by the markets and there was disappointing Inflation Data coming in from the United States but what analysts are saying right now is a lot will depend on israels action going ahead. If it decides to initiate a strong response towards iran, that could send up Oil Prices Higher because iran is the Third Largest oil producer, standing at about 300 Million Barrels per day so it becomes an important supplier as far as the Global Markets go at any disruption on its infrastructure or disruption on its infrastructure or disruption on its infrastructure or disruption on the routes it has been using to send oil could really upset the market. So thats something that the market. So thats something that the markets are going to closely watch over the next few days and the prices could move accordingly. Mm . Prices could move accordingly. Away from the financial prices could move accordingly. Away from the Financial Impact prices could move accordingly. Away from the Financial Impact there has also been impact on things like flights. We know that a number of countries in the region are closing airspace as a result from the potential Drone Strikes and retaliation. What are we hearing about the impact on flights across what is a busy traffic route . Irate about the impact on flights across what is a busy traffic route . We saw a lot of countries what is a busy traffic route . We saw a lot of countries in what is a busy traffic route . We saw a lot of countries in the what is a busy traffic route . We saw a lot of countries in the middle a lot of countries in the middle east shut down their airspace is over the weekend after the attack was launched. Most of them had resumed flights, including israel, lebanon, iraq, jordan, all of these that had shut down their airspace, but a lot of flights had to be cancelled over the weekend and even today. According to one report i was reading, this was the single biggest disruption to air flights since 2001, september. Disruption to air flights since 2001, september 11. This was the impact it had on the Airline Industry. The biggest challenge for the Airline Industry is that a lot of them have to re route, choose different path is to fly because they dont want to take the risk and that means additional costs for the airlines because that means higher consumption and also it will take a longer period to get from one place to another. Tesla will lay off more than 10 of its global electrical vehicle workforce thats roughly ia,000 jobs. In a memo, first reported by news website electrek, Billionaire Owner elon musk told staff there was nothing he hated more, but it must be done. The Worlds Largest auto maker based on its market value had nearly 140,500 staff around the world as of december, according to its latest annual report. Michelle fleury in new york. We dont have too many details about why these lay offs are happening. No, but tesla is the Worlds Largest maker of premium electric vehicles and i think weve seen for a while now a fairly middling performance in terms of demand by consumers for these types of cars, Notjust Teslas but across the board. An analyst at barclays, down leavy, described this as kind of switching from ev euphoria to ev winter, describing the broader conditions on the market. Now we have this report essentially saying that tesla apparently is cutting 10 of its workforce, that if you look at recent filings, suggest its about 15,000 people from its global operations. We reach out to test but they have not responded to our request for comment. This is a question of tough times building up for a company that recently have reported fairly weak and disappointing sales. Reported fairly weak and disa ointin sales. ,. , disappointing sales. Tesla in some res ects disappointing sales. Tesla in some respects changing disappointing sales. Tesla in some respects changing the disappointing sales. Tesla in some respects changing the market disappointing sales. Tesla in some respects changing the market or. Respects changing the market or creating a market for electrical vehicles that wasnt necessarily there in the first place but proving that even a Market Leader like tesla is finding the market and consumers difficult to crack because its about range anxiety, charging infrastructure and about how many people will trust these cars to get them where they want to go. I think ou are them where they want to go. I think you are right. Them where they want to go. I think you are right. They them where they want to go. I think you are right, they created them where they want to go. I think you are right, they created the you are right, they created the market certainly here in the United States where i am. This push we have seen from the Current Administration trying to get consumers to adopt more evs but the anxiety, range or whatever it is, Anxiety Driving people to making the switch or not being able to make the switch. In the case of tesla, Making Hybrids is not an option and elon musk has to postpone his dream to make a more Affordable Electric vehicle at the moment because of that lack of demand. I think in china, the story is somewhat different. That is a huge market for tesla and it is their home grown competition that has risen so sharply, byd is now the Worlds Largest manufacturer of electric vehicles and they are putting Price Pressure on tesla, it was forced to cut prices in that market so thats also causing a headache for the company. find headache for the company. And different price headache for the company. And different price points of those chinese made cars. Aluminium and nickel prices have soared on the London Metal Exchange as a result of new us and british sanctions on russian metal products. They were imposed over the weekend in the latest effort by Western Powers to try and limit the amount of money president putins government has to fund its war in ukraine. At one point, Aluminium Pricesjumped 9. 4 , the biggestjump in the nearly ito year history of what is a globally significant contract for the metal that is used in everything from drinks cans to power lines. Russia is a very large producer of both metals, between 3 and 4 , also in the Copper Markets and also in plating as well. Russia is very important in the Global Supply chain for lots of metals alongside oil and thats why the allied countries are using sanctions against russia to squeeze the country to reduce its ability to finance the current wire. There is a concern about dumping, about russian sellers dumping all metals onto the exchange to try and influence the price. What impact could that have and how easy is that to do . ~. , could that have and how easy is that todo . ,. , to do . When the initial sanctions came about to do . When the initial sanctions came about in to do . When the initial sanctions came about in 2022, to do . When the initial sanctions came about in 2022, the to do . When the initial sanctions i came about in 2022, the exchanges were still able to use the metal, deliver the metals, and therefore we found that up until the new ban came into place on saturday from the London Metal Exchange, 90 of the inventory of aluminium at the warehouse was russia, it became the exchanges last resort because lots of companies where self sanctioning themselves, not accepting russian material and therefore a lot of that material and therefore a lot of that material went on to the lme and that had the threat of reducing the prices on the lme which should now change after saturdays ban, taking that weight off the price. In other news samsung has regained its position as the worlds top mobile phone producer, with shipments rising nearly 8 over the past year, while shipments of the apple iphone have fallen by nearly 10 . Thats according to figures from the International Data corporation. Samsung now has a Global Market share of nearly 21 . In recent weeks, samsung indicated its profits in the First Quarter of 2024 should be more than ten times higher than in the same period last year. Biden administration is to give grants to samsung for its Chip Production in texas, part of its plan to provide more security for high tech manufacturing. The white house has described it as a major new chapter in the semiconductor industry. Olaf scholz has called for an open and fair market for chinese cars. But speaking to students in shanghai, he warned against dumping and overproduction. Last week in china, the us treasury secretary janet yellen voices similar concerns about excess capacity in chinese manufacturing, leading to low export prices. Chancellor scholaz is expected to challenge chinas president xi tomorrow on his countrys support for russias wartime economy. Those are the top Business Stories here on bbc news. The french government says it hopes an International ConferenceOn Sudan Being held in paris will break the wall of silence around the conflict, which erupted exactly a year ago. Fighting between the Sudanese Armed forces and the Rapid Support forces has claimed thousands of lives, displaced more than eight Million People and triggered what the United Nations describes as the Worlds Largest hunger crisis. Speaking at the paris conference, the French Foreign minister said the sudanese people had been victims of indifference. We can speak to dallia abdel moniem, a sudanese advocacy worker, whos currently displaced in egypt. Welcome to the programme. We spoke to you originally right at the start of this conflict when you are moving around neighbourhoods in khartoum as the violence got closer. Now you are in egypt. Filling the gaps that story. In egypt. Filling the gaps that sto. ~ ,. ,. , story. Well, it took us two weeks to be able to leave story. Well, it took us two weeks to be able to leave sudan story. Well, it took us two weeks to be able to leave sudan and story. Well, it took us two weeks to be able to leave sudan and find be able to leave sudan and find safety. Initially, we were all separated, we still are separated. I have family scattered all over the place but right now, cairo has become our base. The proximity to sudan, the language, the culture, it made it easier. We are here now and it still feels very surreal. I still sometimes wake up and need to pinch myself to know where i am because i still think that i am back home and following the news and reports of what is happening in sudan. In terms of the facts, how many of your family escaped and how frightening was what you left behind . Right now, in my immediate was what you left behind . Right now, in my immediate family, was what you left behind . Right now, in my immediate family, we was what you left behind . Right now, in my immediate family, we have was what you left behind . Right now, in my immediate family, we have no. In my immediate family, we have no one left in khartoum. Generations have been there since the 1800s and no longer. It was frightening because we didnt want to leave but we had no other choice. Its difficult when you leave out of your own free will but when you are forced to leave for safety and security, its a whole different ball game so to speak. It hasnt been any easier. Im fine, im safe now but if you think about those who are still back in sudan who were not able to leave and were caught up in the cycle of violence that hasnt stopped, its been ongoing for 365 days, a whole year, and keeps getting worse. The situation back home isnt getting any better. We dont get any good news from sudan whatsoever these days and my fear is with the looming famine, the humanitarian situation is going to get worse and worse the longer this war drags on. You get worse and worse the longer this war drags om war drags on. You heard what the french have war drags on. You heard what the french have said war drags on. You heard what the french have said at war drags on. You heard what the french have said at this war drags on. You heard what the i french have said at this conference, talking about the indifference for sudanese people, described as a forgotten conflict. When you reflect on that, you are a journalist, why do you think it has been forgotten by the International Community . So by the International Community . Sr many different reasons. I think there is conflict fatigue, its another war in africa, sudan has a very bloody history so theres a lot of shrugging of the shoulders. Theres also an inherent bias that africans, arabs, muslims, and at the same time, other ongoing conflicts have taken over. The main headlines and main government positions in places like ukraine. So its a combination of several reasons and factors, and also the fact that neither the Rapid Support forces or Sudanese Armed forces are allowing media in to report accurately, the reports we get are from those on the borders of chad, egypt and south sudan. The only accurate reporting from inside sudan is from local volunteers and local responders and their outreach is limited because of their outreach is limited because of the end of the day they are trying to help and save lives so to accurately document and speak about whats happening is falling upon deaf ears. For whats happening is falling upon deaf ears. ,. ,. ,. , whats happening is falling upon deaf ears. ,. ,. , whats happening is falling upon deafears. ,. ,. , deaf ears. For anyone who has been forced to leave deaf ears. For anyone who has been forced to leave their deaf ears. For anyone who has been forced to leave their country, deaf ears. For anyone who has been forced to leave their country, do forced to leave their country, do you think its realistic to think you think its realistic to think you will be able to get back to sudan . I you will be able to get back to sudan . ,. You will be able to get back to sudan . ,. ,. , � ,. , you will be able to get back to sudan . , � ,. , sudan . I hope so. Thats what i wish for, thats what sudan . I hope so. Thats what i wish for, thats what i sudan . I hope so. Thats what i wish for, thats what i pray sudan . I hope so. Thats what i wish for, thats what i pray for sudan . I hope so. Thats what i wish for, thats what i pray for on sudan . I hope so. Thats what i wish for, thats what i pray for on a for, thats what i pray for on a daily basis because i dont like being away from my country, i dont like the fact i was forced to leave and i had no say in my leaving. Iam hopeful that there will be a time very soon that we will be able to go back and rebuild our lives and rebuild the country. Back and rebuild our lives and rebuild the country. Dallia, Thank Ou Aaain rebuild the country. Dallia, thank you again for rebuild the country. Dallia, thank you again for talking rebuild the country. Dallia, thank you again for talking to rebuild the country. Dallia, thank you again for talking to us rebuild the country. Dallia, thank you again for talking to us todayl rebuild the country. Dallia, thank i you again for talking to us today to talk about what the last 365 days have been like. 2024 is the year of elections with at least 50 countries around the world going to th