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In terms of iran and the risk to exports directly out of iran, thats about 1. 7, 1. 8 million barrelS Per day. And obviously those, the Export Facilities in iran, are those probably at greatest risk in the aftermath of what happened on tuesday night. But i think, you know, weve had a muted reaction, partly because markets are still focussed on a comparatively weak chinese economy and expectations that the Oil Market more broadly next year is looking like it may head into surplus. So, you know, very much mixed messages at the moment coming out of the crude market. Lets go straight to New York and get the latest from our correspondent there, ritika gupta. We saw there prior to starting to rise once again, particularly off the back of those comments by president biden. Explain what he said. We are seeing biden. Explain what he s ....
Plumes of smoke over the capital still over beirut. In central beirut, a massive overnight Air Strike killed nine people, in a multistorey building, Housing A Hezbollah affiliated health centre, near the lebanese parliament building. Lebanon says paramedics are among the dead. While the World Health Organization says 28 Health Workers have been killed in the past day. As the conflict escalates, more people are on the move well talk in a few minutes to the Un Agency organising aid in beirut. Meanwhile, the Lebanese Army says, that two of its soldiers have been killed, by israel in separate incidents in southern lebanon. I want to return to Whatjoe Biden has been saying because he responded to qu ....
The dispute continued at the United Nations and in international courts for many years and this agreement was reached following two years of negotiations. Andrew harding has the details. A scattering of tiny islands deep in the Indian Ocean. British, for now, but after todays agreement, not for much longer. The Chagos Islands are all uninhabited, save for one, an important one, diego garcia. It is home to a big and secretive american military base. Today, britain agreed to hand the whole archipelago over to mauritius, but crucially, The Americans will remain in place. This is a very, very important agreement between our countries. Crucially protects the national security interests of the united kingdom and our allies and has been reached in full agreement with the united states retaining the c ....
Brent crudejumping as much as 5 , though its since fallen back. Iran is the seventh largest Oil Producer in the world. The markets fear a further escalation of the conflict in the Middle East could mean iran blocks the Straits Of Hormuz a key waterway for Oil And Gas shipments. Meanwhile, israels Military Offensive against the iranian backed Hezbollah Militia goes on after the killing of its leader Hassan Nasrallah last week. Lebanese officials say at least nine people were killed and 14 injured in an israeli Air Strike on a building in central beirut. The multi Storey Block housed a hezbollah affiliated Health Centre Israel said was hit in a precision attack. Its thought the target was a Hezbollah Official who lived in the building. This is a rare israeli strike in the Heart Of The City in the bachoura district, cl ....