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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
September. How do you expect that to feed through into InflatIon ExpectatIons and impact the us economy . I think riaht now impact the us economy . I think right now the impact the us economy . I think right now the focus impact the us economy . I think right now the focus is right now the focus is definitely on crude oil. A lot of people are drawing comparisons to what happened when the war in ukraine started. When you take a Look Oil surged Io . With this incident it surged 5 in some of that is because we have us productIon at record highs. Opec was undecided over increasing productIon. This is a moment where investors are trying to get a sense of how are the actual supply disruptIons going to unfold in the coming weeks and months. Right now the market was pretty content that this inflatIon and that trend was going to remain and now they are scratching their heads to see will this be a big shock to inflatIon. In additIon to this Oil Surge we have a Dock Worker Strike which could also
And fired some 180 ballistic Cruise Missiles at israel last night. Revenge, it says, the strikes on lebanon. And israels killing of leaders of armed groups it supports. Translation iii armed groups it supports. Translation armed groups it supports. Translation if they remove their evil from Translation If they remove their evil from this Translation If they remove their evil from this region, their evil from this region, without a doubt these conflicts, these walls, these clashes will disappear completely. Clashes will disappear completely. Clashes will disappear comletel. ~ , completely. While most missiles were brought completely. While most missiles were brought down completely. While most missiles were brought down by completely. While most missiles were brought down by israels i were brought down by israels sophisticated air defence system, the entire population was told to stay in bomb shelters. AfterWards, inspecting the damage, many agreed with the Prime Minister that iran must
To discuss that and the legacy of trumps term in office. And an eyeopening discovery that may save your life one day. A way to edit the genetic code itself. Newly minted Nobel Laureate tells me about the promise of crisper. But first, heres my take. More than 150 million americans made their own personal decisions when they voted in this years election, but it is now the unenviable job of commentators to explain the meaning of those choices. At the broadest level its fair to say that the vote was a repudiation of donald trump. President s rarely lose their bids for reelection. Only five in the last 125 years and trump has won as few electoral votes as Hillary Clinton did last time an lost the popular vote by a larger margin than when jimmy carter defeated gerald ford in the wake of watergate. And yet its obvious that the country remains deeply divided. After an impeachment, a pandemic, and the worst economic paralysis since the great depression, republicans overwhelmingly voted for the