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
Refuge in shelters as explosions lit up the sky. Iran warned it would hit all of Israels Infrastructure if it retaliated. The Israel Defense forces said that around 180 missiles. Were launched towards israel around 5. 30pm local time on tuesday. They were fired across huge areas of israel, including its largest city Tel Aviv, and jerusalem. And, these pictures from iranian State Media show the ballistic missiles being launched from Military Sites. Tehran said the attacks were in retaliation for the killings of senior militant leaders, including the hezbollah chief hassan nasrallah. Well, israel has responded by continuing its aerial assault of beirut s Southern Suburbs. These are live pictures of the lebanese capital. The idf said it had targeted a number of hezbollah sites. Meanwhile, the iranian backed Militant Group says it has clashed with israeli troops in the southern lebanese town of adaisseh. Both the us and uk were involved in helping to protect israel from Yesterdays Missile
They were fired across huge areas of israel, including its largest city Tel Aviv, and the capitaljerusalem. Nd, these pictures from iranian State Media show the ballistic missiles being launched from military sites. Tehran said the attacks were in retaliation for the killings of senior militant leaders, including the hezbollah chief hassan nasrallah. And tehran says it warned the us against intervening. Well, israel has responded by continuing its aerial assault of beirut s southern suburbs. These are live pictures of the lebanese capital. The idf said it had targeted a number of hezbollah sites. Meanwhile, the iranian backed Militant Group says it has clashed with israeli troops in the Southern Lebanese town of Adaisseh Biv both the us and uk were involved in helping to protect israel from Yesterdays Missile attacks. Our Correspondentjon Donnison had to seek shelter when the missiles airraid siren. Israel was warned it was coming. But this was irans revenge. Almost 200 ballistic missi
The banking system. The banking system. And as the bbc s and as the bbc s Michelle Fleury reports, it could face even more tense relations with the us depending on who wins the race for the White House. When the measures were first announced back in may, the White House said it was in response to chinas unfair Trade Practices and to protect us jobs. At the time the chinese said they opposed the hikes and would retaliate. Analysts said the tariffs, which include a 100 duty on electric vehicles made in china, well, that they are largely symbolic, especially since chinese evs are not currently sold in the united states. As well as a rise on ev tariffs, levies on solar cells will increase to 50 , while rates on Steel And Aluminium products will more than triple to 25 . Tariff hikes on other products, including semiconductor chips, are set to take into effect over the next two years. The increases, which impact a relatively small amount of us imports, come as Vice President Kamala Harris an
Lets start in the us where its been a tumultuous week on the markets following the publication of a series of reports on the state of the Labour Market. On thursday, one of the latest of these reports showed private employers in the us posting their smallest monthly hiring growth since january 2021, with just under 100,000 new positions. On wednesday, government data showed Job Openings dropped to a 3. 5 year low injuly with 7. 67 million vacancies. And later today, all eyes will be on the Monthlyjobs Survey of employers and households. Last month, the Labor Department reported the Unemployment Rate had hit 4. 3 injuly up from 3. 5 a year earlier. This report is one of the most important gauges of the state of The Worlds largest economy and it is coming at a critical time with the president ial campaign under way. So what might be in store . Joining me now is kyle handley, associate professor of economics at the university of california san diego. Every so much apprehension, you just h