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 market. Brent crude rose as much as 5 to 75. 40 a barrel in intraday trading. Lets Take A Look at the latest Oil Price now. Up up1. 36 , up 1. 36 , 74 up1. 36 , 74 and
Defend ourselves not understand her determination to defend ourselves or not understand her determination to defend ourselves or retaliate defend ourselves or retaliate against defend ourselves or retaliate against her defend ourselves or retaliate against her enemies. The Israeli Military says its ordered residents to evacuate from areas near two buildings in beirut s Southern Suburbs. Our Correspondentjon Donnison has the latest from jerusalem. Sirens blare. Israel was warned it was coming. But this was irans revenge almost 200 ballistic missiles raining in. Across the country. Shouting. 0k, guys, weve got to get off the roof. I these are coming down right next to us here. L. As people ran for shelter. With the iranian missiles travelling 2,000 kilometres in only around 12 minutes, Israels Defence System was at full stretch. Shouting. Translation we are on high readiness for defence and offence. We will protect the citizens of israel. This attack will have consequences. We have plans
Heavy equipment, agricultural products and pharmaceuticals. The ports account for more than half of container imports. Consumers are not likely to feel the effect right away and many businesses have tried to get ahead of this by stockpiling or diverting shipments to the West Coast and i spoke to the ceo of The Port of long beach and he said they had a record august but having said that, if the strikes go ahead and last for weeks, they could lead to shortages and high prices for consumers. Who; high prices for consumers. Why are we in high prices for consumers. Why are we in this high prices for consumers. Why are we in this position . The entire east Coast Port Infrastructure could be shut down by this . Why have the talks broken down . The dock Workers Union talks broken down . The dock Workers Union have talks broken down . The dock Workers Union have been talks broken down . The dock Workers Union have been in l Workers Union have been in talks with the us Maritime Alliance now four
A signal we are entering a new phase of our economy and our recovery. I believe it is important for the country to recognise this progress because if we do not, progress made will remain locked in the fear of negative mindsets that dominate our economic outlook since the pandemic began. Investors are cheering the federal reserve s rate cut. Here in asia, japan s nikkei 225 index added around 1. 5% in early friday trading. Us stock markets have also jumped, with the dowjones industrial average and s&p 500 rising to new all time highs. The bbc s ritika gupta has more from new york. Us stocks reached a fresh try and the 500 rose 17% extending the year again to 20% and the dowjones surged over 200 points topping 42,000 for the first time in the majority of industry groups closed out the session higher and big tech outperform dusty rate spurred investors to investors to return to a risk on mood and tesla gained 4%. Stocks traditionally tied to economic growth also jumped traditionally tied