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BBCNEWS Asia July 6, 2024

i think the concern right now is really kind of concentrated on the longer shipping time. the market is not pricing in that we actually lose barrels from the market as a result of what is happening in the suez canal. what it is concerned with right now and the reason it has risen 6% is because the shipping costs associated with travelling around the southern tip of africa to reach its destination adds around 15 days of travel time. it increases freight costs. and it has increased insurance costs. so that is what the market is pricing and looking at this point. the market has not entered a panic mode, as we ve seen in the past with other geopolitical events, where it starts to price in supply is lost from the market. right now, it is a logistical re routing, what we are seeing, and not kind of that panic and fear that we are going to lose barrels. that obviously can change very rapidly, and we have seen that obviously can change very rapidly. the venezuelan president ....

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BBCNEWS Newsday July 6, 2024

are continuing in the hope that the united states will finally back a resolution. it comes as hamas said that more than 20 thousand people have now died in gaza since israel launched its military offensive after the october 7th attacks, in which 12 hundred people in israel were murdered. hamas which is designated a terrorist organisation by the uk government says the majority of those who ve been killed in gaza are women and children. our special correspondent fergal keane reports. the world is debating calls for a ceasefire and a bleak new reckoning of the dead is declared. but, for the people of gaza, the suffering is felt. not counted. dead children brought to be touched a final time by their wounded father. a mother comes to mourn a lost daughter. imagine that yesterday i was brushing her hair, making her a sandwich for dinner and putting her to sleep. then you wake up in the morning and there is no fatima anymore. from the beginning, they have known there is no ....

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