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Transcripts For BBCNEWS Verified 20240703

Which almost ended his life in new york two years ago. A new report paints a bleak picture of the future of coral reefs us Officials Say another mass bleaching event is underway. Hello, i m matthew amroliwala, welcome to verified live, 3 hours of breaking stories, and checking out the truth behind them. We start in israel, where the countrys war cabinet has been meeting, to consider its response to irans Weekend Drone and missile attack. Iran has called on western nations to appreciate its restraint after its attack in retaliation for a Deadly Strike on its consulate in syria. It comes as International Pressure for restraint mounts, with the un Secretary General Antonio Guterres warning israel to step back from the brink and in the past hour, the british Prime Minister, rishi sunak, telling parliament that his government is working urgently to prevent further escalation in the region. Lets cross straight to our chief International Correspondent lyse doucet, in jerusalem. I think its f

Transcripts For BBCNEWS Verified 20240703

Of its choosing. Oil prices are particularly volatile, given the regions role in producing a commodity so vital to the functioning of the Global Economy. Well, oil prices have actually been falling and thats because many traders think the risk of escalation is already factored in to the price. The American Bank citigroup though is warning that if there is more direct conflict between the two, oil prices could soar above 100 a barrel. And its likely that all of this will dominate the agenda for central bankers and Finance Ministers who are gathering this week in washington dc for the annual International Montary fund and world bank meetings. Ahead of that, the head of the imf Kristalina Georgieva has been warning the Global Economy faces a sluggish and disappointing decade amid all the uncertainty. Any impact, as small as it might be, is not desirable in an economy with high uncertainty. And inflation still not being brought down to target, very simple, oil prices go up, inflation goes

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