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Oil Prices Surge and stocks tumble as barrage of missiles in the Middle East prompts supply fears in a region that accounts for a third of global oil production. Us Trade Paralysis dockworkers threaten to continue striking for as long as necessary with ports along the East And Gulf coasts remaining shut for a second day. Also on the programme, could technology bring extinct species back to life . We speak to the boss of a De Extinction Company hoping to resurrect the Woolly Mammoth. Live from london, this is business today. Lets start with the Middle East, where, as weve been reporting, israel has warned of grave consequences after iran launched a barrage of missiles at targets across the country on tuesday. Oil prices have been surging as traders fear a full scale regional war could disrupt Energy Supplies to the global mar ....
They were fired across huge areas of israel, including its largest city Tel Aviv, and the capitaljerusalem. Nd, these pictures from iranian State Media show the ballistic missiles being launched from military sites. Tehran said the attacks were in retaliation for the killings of senior militant leaders, including the hezbollah chief hassan nasrallah. And tehran says it warned the us against intervening. Well, israel has responded by continuing its aerial assault of beirut s southern suburbs. These are live pictures of the lebanese capital. The idf said it had targeted a number of hezbollah sites. Meanwhile, the iranian backed Militant Group says it has clashed with israeli troops in the Southern Lebanese town of Adaisseh Biv both the us and uk were involved in helping to protect israel from Yesterdays Missile attacks. ....
September. How do you expect that to feed through into InflatIon ExpectatIons and impact the us economy . I think riaht now impact the us economy . I think right now the impact the us economy . I think right now the focus impact the us economy . I think right now the focus is right now the focus is definitely on crude oil. A lot of people are drawing comparisons to what happened when the war in ukraine started. When you take a Look Oil surged Io . With this incident it surged 5 in some of that is because we have us productIon at record highs. Opec was undecided over increasing productIon. This is a moment where investors are trying to get a sense of how are the actual supply disruptIons going to unfold in the coming weeks and months. Right now the market was pretty content that this inflatIon and that trend was going to remain and now they are scratching their heads to see will this ....
And what would you do with a spare 25 Billion Euros . Thats the question facing the irish Government Today as it delivers its budget following a huge Tax Windfall from Tech Firms. Live from london, this is business today. Im lukwesa burak. We start in the us where in the last 30 minutes tens of thousands of East And Gulf Coast Port workers have started striking for the first time in nearly 50 years. This comes after the international longshoremen s association and the us Maritime Alliance were unable to reach an agreement on the terms of their contract. The strikes will halt trade in a wide range of goods and disrupt the Countrys Economy just as we enter the final weeks before the president ial election. Our North America Business correspondent Ritika Gupt the two major sticking points between international longshoreman ....