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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 ....
First a Welcome Development here in the uk. Inflation fell sharply to 6. 8 injuly, from 7. 9 injune. But it still means prices continue to rise. Prime minister rishi sunak says it shows his governments plan is working, but he cautioned against complacency. The drop was fueled by lower energy costs. But Core Inflation which looks at price rises excluding food and energy remained unchanged. According to the office of national statistics, the rising costs of hotels, air travel, and rents are in Part Keeping Inflation high. Economists are still expecting Interest Rates the tool used by the Bank Of England to control price rises to be raised further. The bbc s economics editor faisal islam has more. Th ....
hello, welcome to the daily global, where we ll bring you the top stories from around the world. there been a second day of violence between is been a second day of violence between israeli forces and armed palestinians after a major raid by israel into the occupied west bank. 11 people have been killed in the operation in thejenin refugee camp, the palestinian health ministry says four of them were under 18. the israeli say the action was attempting to root out terrorists. palestinian authorities say it s a war crime. they say 3000 people have leftjenin, un operatives i alarm at the operation. demand has driven his car into people after a knife attack. 0ur internationaljeremy bowen is injenin and send this report. the israeli military released these pictures. their message? israel s enemies can expect no mercy. families caught in the crossfire managed to get out overnight. the impact on civilians is alarming un agencies, what they call the loss of life and the scale an ....
pressure as well. the main problem is that the company has nearly £14 billion of debt, so it has a substantial interest bill to pay every year. that interest bill is currently going up because interest rates are going up. some interest rate payments are related to inflation, which is very high. at the same time, it s having to spend over £1 billion a year in infrastructure, water mains, stopping leakage and there s a regulatory review coming up in a few years which may mean it will have to invest even more. thames water needs to raise money from somewhere but if it can t get it, the government is looking at options. we need to make sure thames water as an entity survives. there s a lot of work the government is doing on resolving sewage. up until now, the regulator has been focused on keeping consumer bills down but there is a lot of infrastructure work that needs to take place and we need that entity to survive. in a statement, thames water says it s working construc ....
carried out air raids in the gaza strip, striking targets belonging to the islamichhad militant group. palestinian sources told the bbc that at least nine palestinians were killed in the air strikes which targeted the homes of three of the top commanders of the al quds brigade, the armed wing of islamichhad. civilians are reportedly among the dead. a bbc correspondent in gaza said explosions were heard throughout gaza city and rafah in the south of the gaza strip, causing panic among residents. we ll have more next hour. we ll be speaking to our correpondent in gaza city. to the us state of texas, where the driver of a car that struck a group of people at a bus stop killing eight, has been charged with manslaughter. it happned in the city of brownsville, texas, it happened in the city of brownsville, texas, which is right near the mexico border. police have identified the driver as george alvarez, a 34 year old brownsville resident with a lengthy criminal history. inves ....