Oil Prices Surge and stocks tumble as barrage of missiles in the Middle East prompts supply fears in a region that accounts for a third of global oil production. Us Trade Paralysis dockworkers threaten to continue striking for as long as necessary with ports along the East And Gulf coasts remaining shut for a second day. Also on the programme, could technology bring extinct species back to life . We speak to the boss of a De Extinction Company hoping to resurrect the Woolly Mammoth. Live from london, this is business today. Lets start with the Middle East, where, as weve been reporting, israel has warned of grave consequences after iran launched a barrage of missiles at targets across the country on tuesday. Oil prices have been surging as traders fear a full scale regional war could disrupt Energy Supplies to the global market. Brent crude rose as much as 5 to 75. 40 a barrel in intraday trading. Lets Take A Look at the latest Oil Price now. Up up1. 36 , up 1. 36 , 74 up1. 36 , 74 and
September. How do you expect that to feed through into InflatIon ExpectatIons and impact the us economy . I think riaht now impact the us economy . I think right now the impact the us economy . I think right now the focus impact the us economy . I think right now the focus is right now the focus is definitely on crude oil. A lot of people are drawing comparisons to what happened when the war in ukraine started. When you take a Look Oil surged Io . With this incident it surged 5 in some of that is because we have us productIon at record highs. Opec was undecided over increasing productIon. This is a moment where investors are trying to get a sense of how are the actual supply disruptIons going to unfold in the coming weeks and months. Right now the market was pretty content that this inflatIon and that trend was going to remain and now they are scratching their heads to see will this be a big shock to inflatIon. In additIon to this Oil Surge we have a Dock Worker Strike which could also
Taiwans dominance of the Global Semiconductor industry. Around 60 of Global Semiconductors and 90 of high chips. But economic success has not been felt. So william lai has to address the Younger Voters concerns overjob voters concerns over job opportunities, voters concerns overjob opportunities, affordability and in general the higher Cost Of Living in taiwans. So he has also got to maintain taiwans competitiveness in the Technology Space and also dummett also has to address the energy challenges, Ageing Population amongst other. Certainly a lot on his plate on the domestic front. 0n the international front, the domestic front. 0n the internationalfront, he does not have to look far for a challenge as well. How do you see his relationship with china and how do you think you will manage it considering china is one of its key trading partiers dummett partners. Badgings reaction to dummett partners. Badgings reaction to taiwans dummett partners. Badgings reaction to taiwans election | re