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Hi everyone and thanks so much for joining me this afternoon. Im in dc and we are following two Major International stories this afternoon. The first of them out of israel or the us and jordan have conducted more humanitarian aid drops into gaza. And the first equipment to build a Temporary Port In Gaza for aid is now in route to that region. Were going to get to more on that in just a moment. Again, in haiti, where the us military has evacuated Nonessential Personnel from the us embassy in portauprince. The Airlift Operation was ordered as the Gang Violence in that Island Nation worsens. Gang leaders are now threatening civil war if ....
Even more dire as government assistance only gets through in drips and drabs. I want to get jones welcome to do business asia and we start with the latest escalations in the strait of hormuz where to oil tankers were attacked earlier today one of them allegedly hit by a torpedo the brant crude price has been volatile since the attack hitting over 62. 00 a barrel immediately often use of that attack emerged the strait of hormuz is one of the worlds most strategically important choke points along the coast of iran almost a 3rd of all Liquefied Natural Gas and almost 20 percent of Global Oil Production has to squeeze through here to escape the persian gulf and get out into the well its. Often more on the impact there on all markets so were joined by early bazza Financial Market correspondent in frankfurt onl ....
In the long term talk to an analyst and he says the immediate reaction and today was partly also a result of oil going down so so much in the past days and he says that if this continues of let s say there s an escalation if there should be firm evidence that iran was behind the attacks in the us should react perhaps militarily then it would escalate and that would send the oil price back up in late april it was much higher than today so there s still a lot of room for it to move but certainly it s something that people are having their eyes on apart from the oil market in equities for example stocks or in safe havens like bonds or gold there s not movement away from equities into safe havens for example we just saw some very dramatic pictures that will be as you were talking about those all time because bunning if things were to escalate further where does this leave europe s oil supply. well europe would not be directly ....
Talking about those all time because bunning if things were to escalate further would just leave europe s oil supply. well europe would not be directly affected at least not in the beginning because most of the all for europe comes from other places leading suppliers or russia norway cause us to nigeria but on a list say of course europe would be affected through price in the world markets going up you can t contain something like this regionally price wise so that would make working consuming investing earning a lot more difficult for everyone concerned if this escalated 20 best and from for thank you so much. china and malaysia have recently stopped the import of mostly western plastic waste but turkey is still keen on collecting it plastic is in high demand and the role material to make you plastic that is crude oil is too expensive tech it doesn t collect its own plastic for ....