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Irans Oil Industry after comments by President Biden. Welcome to business today, live from new york, i m ritika gupta. Share prices in the us have been searching after great news regarding the us economy. The strike on the East Coast ports has also been suspended. It is not all positive news, though. Oil markets are still reeling from a comment by President Biden on thursday that the White House is discussing whether to support an attack by israel on Irans Oil facilities. This is how one of the key benchmarks Brent Crude was trading in the last 15 minutes if it stays at these levels it will be up around 10 per ....
Your people back into their homes, you dont escalate to deescalate. And obviously now, with the iranian retaliation, israelis are in their shelters as they go into the new years holiday weekend. Ben . Yeah. I think, you know, since October 7th, the Biden Administration has had a number of goals, one was to provide support to israel as it aims to go after hamas, but then also one of the principle goals of u. S. Diplomacy since October 7th had been avoiding deescalation into lebanon, precisely because i think there was an understanding that lebanon could be kind of the Trip Wire to this broader regional war that essentially, you know, it is one thing if there is a conflict In Gaza, that alone is destabilizing enough and is obviously brought a tremendous Human Toll and has grinded on for a full year. But the concern has always been that if israel launched a Ground Operation ....
Largest cities. Finally, we have not seen it yet but it is very likely that china is likely to have another round of fiscal stimulus. I will say that this is something that we have not seen in a few years, not since early 20102 after the global financial crisis. I think it is a clear message that the government is willing to increase support for economic growth and people s confidence. Talking of efforts to try and reboot growth. Thailand will start handing out $300 to every citizen part of a $14 billion stimulus package. The scheme has been criticised by economists, including two former central bank governors who say it is fiscally irresponsible. The government rejects that, but has struggled to find sources of funding. The japanese market has fallen by more than ....