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houthi fighters say they will continue attacking vessels in the region of the red sea. this announcement comes after they launched a drone attack in yemen on a us commercial vessel off aden. the escalating tensions in the red sea have many analysts concerned that the impact of these attacks will drive up the cost of living. some companies had to take a detour around southern africa, driving up costs. mukesh sandav, head of oil trading, rystad energy, describes what is at stake in the markets. what is at stake is that a lot of crude oil, up to four million barrels a day, moving from east to west, and that is bought by russia, by india, by china, that s at stake and that also stake is a lot of vessels which move towards europe. i would say all this, as we re talking about a sizeable number of barrels of crude and products will all of this get impacted or only a part of this will be impacted because what we have learnt is that the system finds alternate ways of re routing ....
we are learning at this hour that houthi fighters say they will continue attacking vessels in the region of the red sea. this announcement comes after they launched a drone attack in yemen on a us commercial vessel off aden. the escalating tensions in the red sea have many analysts concerned that the impact of these attacks will drive up the cost of living. some companies had to take a detour around southern africa, driving up costs or have decided to suspend shipment indefinitely. mukesh sandav, head of oil trading, rystad energy, describes what is at stake in the markets. what is at stake is that a lot of crude oil, up to four million barrels a day, moving from east to west, and that is bought by russia, by india, by china, that s at stake and that also stake is a lot of vessels which move towards europe. i would say all this, as we re talking about a sizeable number of barrels of crude and products and the question comes, will all of this get impacted or only a part ....
has been launched by houthi fighters in yemen on a us cargo vessel ship off aden. this comes after united states announced that it is returning the group to a list of global terrorist organisations. the escalating tensions in the red sea have many analysts concerned that the impact of these attacks will drive up the cost of living. some shipping companies have had to take a detour around africa driving up costs or have decided to suspend shipments indefinitely. mukesh sahdev head of oil trading at the research firm rystad energy describes what is at stake in the markets. what is at stake as there is a lot of crude oil moving from east to west, right? and fat crude oil, i would say, is blocked by russia, crude oil by india, by china. that is at stake. the other thing that is also at stake is a lot of plates that move towards europe. so i would say all and all, we are talking about a sizeable number of barrels of crude and product. now, the question comes, will all ....
could the emergency services have done more to save lives after the manchester arena bombing? a report is due out shortly. the migrant crisis in kent the home secretary visits dover and manston to see for herself what s happening there. and why soaring energy bills mean many swimming pools and fitness centres could be forced to close this winter. i ve been going, what, ten years or more. peter has been coming 16. and coming up on the bbc news channel. it s crunch time in the t20 world cup group stages as pakistan dig deep to claim a vital victory over south africa to avoid elimination. good afternoon. within the last hour, interest rates have gone up by three quarters of a percentage point the biggest increase for more than 30 years. it pushes the base rate up to 3% as the bank of england tries to control inflation. it s the eighth rise in a row, meaning higher mortgage bills for many homeowners. meanwhile, the bank has also warned the uk could be on course for its ....