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BBCNEWS Asia July 6, 2024

but will it last? rebecca babin is a senior energy trader at cibc private wealth. she gave me her predictions. i think the concern right now is really 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 adds around 15 days of travel time. it increases freight costs. and it has increased insurance costs. that is what the markets are pricing in and looking at at this point. the market has not entered a panic mode, as we have seen in the past with other geopolitical events, where it starts to pricing supply is lost from the market. right now it is a logistical rerouting, what we re seeing, and not kind of that panic and fear that we re going to lose barrels. that obviously can c ....

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BBCNEWS Asia July 6, 2024

around 0.32%. some reprieve, but will it last? rebecca babin is a senior energy trader at cibc private wealth. she gave me her predictions. i think the concern right 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 adds around 15 days of travel time. it increases freight costs. and it has increased insurance costs. so that is what the market is pricing in and looking at at this point. the market has not entered a panic mode, as we have seen in the past with other geopolitical events, where it starts to price in supply is lost from the market. right now it is a logistical rerouting, what we re seeing, and not kind of that panic and fear that we re g ....

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BBCNEWS The July 6, 2024

hello, i m lewis vaughanjones, welcome to the daily global, where we ll bring you the top stories from around the world. impacts of israel gaza war are widening. will war are widening. take a look at the red sea. oil giant bp stopped using it. war are widening. not the first. war are widening. because rebels in yemen firing at ships. who with the rebels these are that support hamas. houthi rebels support hamas. one of the world s busiest shipping routes. now means long way round africa our diplomatic correspondent james landale reports the threat to shipping in the red sea is very real. this was an attack by iranian backed houthi fighters last month, storming a cargo ship registered in britain. the militia from yemen claiming that any vessels owned by allies of israel were legitimate targets. so intense have the attacks become, two vessels were hit by drones today, that some of the big shipping companies are pulling out of the red sea, sending their huge vessels around ....

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MSNBCW The July 6, 2024

lots of questions to answer, so let s get started. breaking news, another texas tragedy. a shooter opens fire at a packed outlet mall killing eight people and wounding seven others including a fire the year old child. before the shooter is taken down by police. . what we are learning with the latest mass shooting in america, ahead on the live report plus, the trump tape. the jury and the civil rape independent defamation case gets a look at former trump s deposition. the twice impeached now index president is facing a deadline. plus, trump s defense of him that infamous hollywood comment and later. scotus scandal. collin crow picking up the tuition talk for the justices grand. new ethics concern which the court needs to address a little later. all of this and more is coming up. so, for the third time in just over one week, the country is waking up to yet another mass shooting the latest happening at a packed outlet mall in dallas yesterday afternoon we know at least nin ....

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MSNBC Morning Joe July 7, 2024

everywhere. i ve never seen damage like this in my whole life. it s unreal. reporter: boats tossed like toys. the lone bridge connecting the island cracked and crumbled with the storm s winds putting some sections totally under water. we had about 200 households that didn t evacuate on the island that we know of. reporter: anyone still trapped on the isolated island now waiting for rescue by boat or air. we joined the lee county sheriff as he surveyed some of the hardest hit areas to see the full scope of ian s power. you know that as we are speaking right now, there are people that want us and need us and we can t get to them. reporter: people like jack and betty. an elderly couple who hasn t been heard from since the storm hit their continue dope. the worst part is the waiting and the unknown and not knowing that they re okay. reporter: their son scott says his parents were unable to evacuate in time and forced to hunker down on their ground floor. but r ....

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