Brent crudejumping as much as 5 , though its since fallen back. Iran is the seventh largest Oil Producer in the world. The markets fear a further escalation of the conflict in the Middle East could mean iran blocks the Straits Of Hormuz a key waterway for Oil And Gas shipments. Meanwhile, israels Military Offensive against the iranian backed Hezbollah Militia goes on after the killing of its leader Hassan Nasrallah last week. Lebanese officials say at least nine people were killed and 14 injured in an israeli Air Strike on a building in central beirut. The multi Storey Block housed a hezbollah affiliated Health Centre Israel said was hit in a precision attack. Its thought the target was a Hezbollah Official who lived in the building. This is a rare israeli strike in the Heart Of The City in the bachoura district, close to lebanons parliament building. Our middle East Correspondent Hugo bachega lets go live. We can cross to beirut and my colleague Anna Foster. We have seen strikes right
Was a violation of international law. Volker turk said he was appalled by the breadth and impact of the Attacks, which left at least 37 dead and thousands injured. Hezbollah has confirmed that its senior military commander, Ibrahim Aqil, was among those killed in fridays israeli airstrike on a building in the southern suburbs of beirut. The israeli envoy at the un, danny danon, has not mentioned the explosions but said his country would do whatever it took to defend itself. Lets start with those comments from the un human Rights Chief volker turk. These Attacks represent a new development in warfare. Where Communication Tools become weapons, simultaneously exploding across marketplaces, On Street Corners and in homes as daily life unfolds. Authorities have reportedly dismantled unexploded devices in universities, banks and hospitals. This has unleashed widespread fear, Panic And Horror among people in lebanon. At the same meeting the United Nations political affairs chief, rosemary dic
In cutting the cost of borrowing for the first time in overfour years. The Federal Reserve have dropped the main Interest Rate in the worlds biggest economy by half a percentage point, bringing it down to between 4. 75 and 5 . A drop larger than many expected, with some wondering now if this reflects the scale of the problems facing the american economy or the success in getting the pace of price rises, inflation, close to the banks targets. The governor of the fed, Jerome Powell says the us economy is in good shape and they intend to keep it that way. Our North America Business correspondent Ritika Gupta has the details. The Federal Reserve has delivered a super sized Interest Rate cut aimed at bolstering the us Labour Market. The 0. 5 percentage cut, the first in over four years, brings its key Interest Rate, the federal funds rate, down to between 4. 75 and 5 . It comes amid Signs Inflation in america is continuing to fall, while the Job Market remains strong, even as unemployment h
Hello, youre watching the context on bbc news. Its been revealed that Keir Starmer s top adviser, Sue Gray, now earns more than the Prime Minister. Weve been told that shes now on a salary of £170,000. More than 100 charities and Aid Agencies have urged sir Keir Starmer to protect foreign Aid Spending amid fears the budget could fall to its lowest level since 2007. The unease comes ahead of the Budget Set to be unveiled by the chancellor in october and with increasing aid being spent here in the uk, To Support Refugees and Asylum Seekers. The previous government had counteracted this adding £2. 5 billion to the foreign Aid Budget, as a Top Up to compensate for the money being spent in britain. But where does the uk stand internationally . The un target for foreign Aid Spending is 0. 7 of a countrys gross national income. That figure is widely accepted among the international community and the uk made a legal commitment to it in 2015. But in reality according to the oecd, just 5 count
Play goes right into. With me at the desk, Piers Morgan, Generaljohn Mccoll the former deputy Supreme Allied Commander of nato, and the political correspondent of politichoe, Ava Sa Ntina evans. Morning, morning. Lets start with whats making the news. The sunday times splashes on the issue well be talking about Today Permission for ukraine to use western long range missiles. Tories urging the uk to Say Yes alone. It also breaks the story the wealthy Donor And Victoria starmer s dresses. The observer sticks with Foreign Affairs Fears Russia has shared nuclear secrets with iran. The express has more pain over Winter Fuel Allowance for pensioners. The Sunday People focuses on a call from esther ghey, briannas mum, who spoke so movingly to us a few months ago, for Mobile Phones to be banned in schools. And on the bbc, Breaking News this morning several people are dead after attempting to cross the channel. Lots of news this morning but we are going to focus at the beginning of the programm