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Transcripts For BBCNEWS World 20240706



of solidarity for hamas. as a result, some of the world s biggest shipping firms have suspended services through the world s most important route for oil and fuel shipments. with more context, here s our business reporter david waddell. let s have a look at the geography of the situation. right here is the bab al mandab strait. it s right next to yemen, from where those houthi attacks originated. it s at the southern end of the red sea. at the northern end is the suez canal. now, ships cannot pass through the suez canal from the south without first passing through this choke point. a couple of days ago, the maersk shipping container company and hapag lloyd both announced they wouldn t be making that transit. they ve since been joined by other shipping companies. now, if you re a ship master trying to get your vessel from the indian ocean to the atlantic ocean and you cannot or will not traverse through suez, you need to pass by the cape of good hope. that adds an extra ....

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Transcripts For BBCNEWS World 20240706



business reporter david waddell. let s have a look at the geography of the situation. right here is the bab al mandab strait. it s right next to yemen, from where those houthi attacks originated. it s at the southern end of the red sea. at the northern end is the suez canal. now, ships cannot pass through the suez canal from the south without first passing through this choke point. a couple of days ago, the maersk shipping container company and hapag lloyd both announced they wouldn t be making that transit. they ve since been joined by other shipping companies. now, if you re a ship master trying to get your vessel from the indian ocean to the atlantic ocean and you cannot or will not traverse through suez, you need to pass by the cape of good hope. that adds an extra 3,000 nautical miles to thejourney. and there are other issues for ships trying to traverse from the atlantic to the pacific ocean through here. the panama canal is accepting many fewer ships right now be ....

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Transcripts For BBCNEWS Verified 20240706



this is bbc news. the headlines: israeli air strikes pound the south and north of gaza. us defence secretary lloyd austin says the us has spoken to israel about making the war in gaza are more surgical. so we will continue to stand up for israel s right to defend itself and we will also continue to urge for the protection of civilians during the conflict, and to increase the flow of humanitarian aid into gaza. en verify, we look at how the war is impacting en verify, we look at how the war is impacting this trade route for oil in the impacting this trade route for oil in the red impacting this trade route for oil in the red sea. and the bbc understands the democratic unionist party has ruled out any deal to restore power sharing in northern ireland before christmas. time for a look at the business news now with tadhg. we are also talking about the potential looming crisis in world oil shipping. the oil giant bp has supended all shipments of oil through the red se ....

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