Attacks by hamas gunmen took place. More than 300 young people attending the festival were killed others were taken hostage. It has been called israels 9 11 by some, and like the attack on the world trade center, its had massive repercussions around the world in both politics and economics. Michelle fleury has more on the global impact one year on. The middle East Conflict could add to the risks already facing the global economy. The escalation comes at a time of uncertainty around the upcoming us election and as china tries to stabilise its struggling economy. Economists warn the war could push up inflation if Trade Routes are disrupted, causing the cost of Oil And Shipping to rise. A big concern is whether any escalation could block the strait of hormuz, a major shipping channel. A third of Oil Tanker Traffic and one fifth of lng frozen gas passes through there. The Oil Markets are already reacting. The price of Brent Crude jumped 5 last thursday after President Biden said the us was
It has come down slightly, Nudging Par 77 a barrel. To explain why markets responded so quickly on thursday, heres our economics editor, faisal islam. In the aftermath of irans ballistic Missile Attack and as we wait for news on Israels Response there has been a rise in the price and that means since the attacks it is up 10 to over 77 a barrel on the Brent Crude measure, still down on the year because of local economic concerns but the spike up economic concerns but the spike up occurred immediately after president biden added to Suggestions Israel would target Irans Oilfacilities. Reporter would you support israel striking Irans Oil facilities . Israel striking Irans Oil facilities . ,. , facilities . We are discussing that. I facilities . We are discussing that. |think facilities . We are discussing that. L think that facilities . We are discussing that. I think that would facilities . We are discussing that. I think that would be i facilities . We are discussing that. I think that w
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 cent this week. One Oil Market Watcher told us he is astounded by the president s comment. In over 15 years of covering the energy markets, reporting them and dare i say, trading on the markets as well, i have never seen anything. This is quite unprecedented. Whether its off the cuff or not, for a sitting us president , just a little over four weeks from the american president i
Watching at this very moment to take this storm very seriously, and please follow the guidance of your local officials. The Storm Storm Surge is well beyond the immediate path of the mur cane, could be significant and deadly for you and your Familys Sake Everyone near the path listen to local officials. 20 foot Storm Surge, you cant good morning, and welcome to Way Too Early on this friday, September 27th im jonathan lemire, and we start this morning with Breaking News out of florida, where Hurricane Helene just a moment ago downgraded to tropical Storm Helene, Made Landfall as a category 4, making it at the time the strongest hurricane to ever hit floridas Big Ben at this hour the storm has indeed weakened, but forecasters warn it could still bring life threatening winds and unsurvivable Storm Surge with waters reaching as high as 20 feet in some places. So far the devastating impact has led to three it deaths, one in florida, two in georgia. At least 1 Million florida customers remai
A packed crowd took in the latest Iphone Launch at Apple Headquarters in a helicopter california. They were all here to see this. Ceo Tim Cook says the Iphone 16 is the first to be built from the ground up for artificial intelligence. The software is integrated into host of applications across the iphone. Take this Photo Editor allowing you to remove people from the background and this tool which helps rewrite your E Mails. There is an upgrade to The Voice assistant, which can now take written commands and is said to work better with natural spoken language. For now Apple Intelligence features will not be available in the eu as executives find themselves in the middle of a dustup with regulators over the digital markets act. The features will, however, be available in the uk. That is when they are released. The Test Version will start with the roll out in the us next month with more coming of the year. When it becomes available analysts say they are keen to use ai available analysts sa