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through those routes. 0vernight, oil prices dipped, but will it last? for a closer look at the energy markets, let s speak to rebecca babin. she is a senior energy trader at cibc private wealth. great to have you on the programme. how much other concern is this price rise? 50 how much other concern is this price rise? ~ how much other concern is this price rise? ~ , . rise? so i think the concern right now is really rise? so i think the concern right now is really kind rise? so i think the concern right now is really kind of now is really kind of concentrated on the longer shipping time. the market is not pricing in that we actually lose barrels from the market as a result of what is happening in the suez canal, what it is concerned with right now and the reason it has risen 6%, is because the shipping costs associated with travelling around the southern tip of africa to reach its destination as around 15 days of travel time. it increases freight costs. and it h ....
president biden and mr netanyahu spoke by phone on saturday. the white house said mr biden stressed the importance of protecting civilian lives in gaza. he also told reporters he did not demand a ceasefire. mr netanyahu said he reiterated that the war will continue until all the objectives are met. from jerusalem, our correspondent lucy williamson has more. explosions. in gaza, this is the new normal drone strikes in the border town of rafah, emptying the local market. 17 year old joe, filming on his phone, still clutching his bag of shopping and calling on god for protection. america has blocked un calls for a ceasefire. israel says it needs to keep fighting to keep up the pressure on hamas. if you want a ceasefire, that, from israel s perspective, can only happen with the release of hostages. as you know, hamas continues to hold over 100 hostages. there s a chance, because they want that ceasefire, they need that ceasefire, they will agree to the hostages but had we ....
for northern ireland, the same across wales. as we head across thursday, a repeat performance. more cloud across northern and eastern areas. furtherwest, cloud across northern and eastern areas. further west, the best of the sunshine. again, the low 20s. we could see temperatures coming down a bit towards the end of the week. always out west we will see the high temperatures, most of the sunshine is we head through friday on the weekend. a little bit cooler and easier towards the east coast. take care. thanks, stav. and that s bbc news at ten there s more analysis of the days main stories on newsnight with victoria derbyshire, which isjust getting underway on bbc two. the news continues here on bbc one as now it s time to join our colleagues across the nations and regions for the news where you are. today s daytime strikes on kyiv mark a change of tactics as does using so many missiles in recent days. there were a0 air launched cruise missiles and 35 drones launch ....
in comparison, paramount plus total subscribers stand at 63 million and warner bros discovery at 95 million. could it take on those giants? joining me now is alice enders, head of research at enders analysis. good to have you with us. talk to me about what you make a first of all about what you make a first of all about these early stage talks. we always talk and expected it would be consolidation, is that what this looks like? it consolidation, is that what this looks like? looks like? it is what it looks like. on the looks like? it is what it looks like. on the other looks like? it is what it looks like. on the other hand, - looks like? it is what it looks like. on the other hand, at l looks like? it is what it looks i like. on the other hand, at this time, we don t know whether this is going to be a merger of two companies or whether it is going to be paramount taking over warner. and in either case, i think there would most likely be a regulatory dimension. you ....
give up its secrets. rebecca morelle, bbc news. the time is 10:30pm and darren is here with the weather. hello, i want to touch on the flooding in italy first of all. this is just another example of severe weather becoming more severe and happening more often. it wasn t too long ago that this part of italy was in drought, but there has been six months of rain in the last couple of weeks which has certainly changed all that. this programme contains repetitive flashing images there s more analysis of the days main stories on newsnight with victoria which is just getting under way the site of the former redcar steelworks is at the centre of a furious row between the conservative mayor of tees valley and labour. truly shocking. industrial scale corruption on teesside. a huge site acquired by the public body south tees developments limited for £12 million, in 2019. what s going on then? we ll talk live to the conservative mayor who s facing labour claims of cronyism, corru ....