The concern has been that this conflict in israel, between israel and hamas would lead to a widening Global Crisis that would threaten the Global Oil Supply and thats why we have seen these crude Oil Prices Rise in the last week, rising up 7. 5 , marking its biggest weekly rise since february. This morning we are seeing that we can to steady and there are a couple of reasons why there are a couple of reasons why the market is changing its tune is one of them is Bank Earnings which we pointed out on the other is present by the s planned a visit to israel. We can start with President Biden and his visit comes at a crucial type and is being taken by investors as a signal that the crisis might see efforts to be contained. We are seeing that temperance not only in the price of crude oil but also with investors pulling back slightly from some of the safe haven assets, things like cold gold and stable currencies and treasury bonds. When we get to the big Bank Earnings, this is earning season
Middle east was between saudi arabia and iran and it looked like they would come up against each other but instead they fought proxy wars in yemen especially. Theres been a rapprochement between them recently and the military itself, it is huge, but if you look back, things have changed and look at the Iran Iraq War in the 805, although they had a massive advantage in terms of the people in the army, they were not able to defeat iraq, 5o people in the army, they were not able to defeat iraq, so i dont think at the moment we are looking at an Iranian Military entering into at an Iranian Military entering into a major conflict. This will be, for now, unless they go to an extraordinary situation which will be a major issue for everyone across the globe. They will look to be using pressure as weve seen with hamas and hezbollah, weve seen an incremental rise in skirmishes on the border between israel and laverton but we are not seeing any major escalation where the Rules Of Engagement have
In our special programme this morning well hear from those affected and as Election Campaigning resumes well examine their proposals to protect the public. Also ahead. Joy shines through the pain at the Ariana Grande Benefit Concerts are the victims of the Manchester Bombing. She thanked the crowd for their spirit. Manchester bombing. She thanked the crowd for their spiritli Manchester Bombing. She thanked the crowd for their spirit. I love you all so much and i thank you for coming out. We needed that here. Loveis coming out. We needed that here. Love is the medicine the world needs right now. We live in gateshead discussing exit ahead of the election. In sport, andy murray plays in the fourth round of the french open later. Hell hope to join defending champion Novak Djokovic, who is in the last eight after victory yesterday. And carol has the weather. At the morning we have rained Clearing Scotland and then for Scotla Nd Clearing Scotland and then for scotland and Northern Ireland ar
Harder to solve the Productivity Puzzle . Im in devon this morning to find out. In sport, the best of the nights premier League Action including Zlatan Ibrahimovics injury time penalty which saves the day for Manchester United. 50 years on from the Summer Of Love and the release of sergeant peppers, we ask if, in the words of the beatles, things have been Getting Better. It cant get no worse, as the beatles said in 1967 and carol has the weather. A chilly start with A Touch Of Frost, but there is sunshine around. More Cloud Building from the north west, with the winds easing in the far north west of is sunderland. Good morning. First, our main story the Un Security Council will hold an Emergency Session later to discuss a suspected Chemical Attack in syria, which is reported to have killed at least 58 people, many of them children. Washington has accused the assad regime of barbarism, but officials in Damascus Have denied using Chemical Weapons. The us, britain and france have called o