Looking a lot drier, and we remain in the warm conditions. I will have all the details later in the programme. Its monday the 9th of october. Good morning. More than 1,000 people have now been killed in israel and gaza after a Massive Attack by hamas militants that began at dawn on saturday. There are reports that israel has struck more than 500 targets in gaza overnight, my more than 125,000 palestinians i displace. President biden has ordered extra military assistance for the israelis, promising them rock solid and unwavering support. Israeli troops are still hunting down insurgents after one of the bloodiest attacks. 0ne down insurgents after one of the bloodiest attacks. One of the worlds most advanced military is taken by surprise by hamas, a military group kept behind barriers that were supposed to stop this happening. Their attack as brutal as it was brazen. Hundreds killed. For israel that has included scores of unarmed civilians as well as soldiers. Already the largest loss of
Major market reaction, and like you say weve seen prices up over 4 fuelled by the conflict in the middle east and it comes after oil prices suffered the biggest weekly drop since march last week which was reversing a lot of the price action we have been seeing betweenjune and september this year which of course was because of Supply Constraints from saudi arabia and russia but this increase in geopolitical risk is providing a major tailwind to Oil Prices Today and The Big Question really is the market is wondering whether there is iranian involvement in the attack which is something that has been alleged by the israeli authorities because if they are, the tensions are likely to have a more longer lasting upward impact if it were to negatively impact oil surprise and supplies in terms of pushing Prices Higher so it depends on that. Pushing Prices Higher so it depends on that. 0k, we have the sense depends on that. 0k, we have the sense of depends on that. 0k, we have the sense of how de