In the latest fighting, israel has bombed a building in central beirut. Both Israel And Hezbollah have reported a second day of intense fighting on the ground in southern lebanon. Oil prices jumped on tuesday over supply fears, with markets regAining ground as investors seemingly come to terms with the escalation in tensions. Lets have a quick look at the price of oil, once agAin today, more than a i once agAin today, more than a i increase, the price of oil just below 75 per barrel. It would look at the Share Markets in asia, its an interesting picture were seeing. Japan is seeing a bigjump, Over2 because of the yen has weakened significantly on anticipation of what might happen in the japanese Economy But Hong kong is down over 3 . Big profit taking going on in hong kong, over the last few days there we have seen rapid increases on these markets in response to chinese stimulus so chinese stocks have had a real rise in recent days. Today, profit taking going on there but elsewhere, as
Bonanza for Chatg Pt Maker openai it takes in new funding, making it one of the most valuable Start Ups in The World. Will he or wont he show up that is Elon Musk is due to testify to the us Markets Watchdog over his Twitter Buyout after a no show last month. Welcome to business today, im ben thompson. We start in the Middle East where, as weve been reporting, President Biden has said the us does not support an attack by israel on irans nuclear sites in response to tehran s missile strikes on israel on tuesday. The us president said the israelis had a right to respond to the attack, but they needed to do so proportionately. In the latest fighting, israel has bombed a building in central beirut. Oil prices have risen since wednesday over supply fears, with markets regaining ground as investors seemingly come to terms with the escalation. Lets have a quick look at the price of oil. This is the one to keep an eye on, Brent Crude up another 2 today taking it above 75 per barrel. For more o
Military base. Disputes continued. At the United Nations and the international courts for many years. With me is our correspondent andrew harding, one of the few people that has been to the Chagos Islands. This is a long running story. Take us through the decision today. It story. Take us through the decision today. Decision today. It is an extraordinary decision today. It is an extraordinary story. I decision today. It is an | extraordinary story. As decision today. It is an extraordinary story. As you say, it has been in the courts for a long time. A dispute that has rumbled on in the background. Most people listening to the stand watching this will never have heard of the Chagos Islands. That they might have heard of Diego Garcia, the american Military Base which is really at the heart of the dispute and this breakthrough today. The mauritian government and the British Government are framing it like this, it is about military. In the Indian Ocean. Back when mauritius won its indepen
In terms of iran and the risk to exports directly out of iran, thats about 1. 7, 1. 8 million barrelS Per day. And obviously those, the Export Facilities in iran, are those probably at greatest risk in the aftermath of what happened on tuesday night. But i think, you know, weve had a muted reaction, partly because markets are still focussed on a comparatively weak chinese economy and expectations that the Oil Market more broadly next year is looking like it may head into surplus. So, you know, very much mixed messages at the moment coming out of the crude market. Lets go straight to New York and get the latest from our correspondent there, ritika gupta. We saw there prior to starting to rise once again, particularly off the back of those comments by president biden. Explain what he said. We are seeing biden. Explain what he said. Are seeing Oil Prices spiking after the back of president biden s comments, saying they are considering the possibility of israel launching a counterattack on
Organising aid In Beirut. Meanwhile, the Lebanese Army says, that two of its soldiers have been killed, by israel in separate incidents in Southern Lebanon. Lets speak to our correspondent nick beake, whos in northern israel. In Terms Of what you are seeing just bring me right up to date. We have seen more israeli tanks being taken towards the border with lebanon, that is the reflection of the way the israelis are intensifying this operation against hezbollah. I say operation, it is a mission now and they insist it is made up now and they insist it is made up of lots of separate targeted operations. Some teams going in and then in some cases retreating. But certainly it seems to be gathering pace. In Terms Of a snapshot of where we are, i think in Terms Of what we heard in the skies above us so far today that has been considerably less than yesterday. But of course that is just a snapshot of one particular location. The Israeli Army is saying its carried out a lot of strikes in the pas