BBCNEWS Breakfast June 4, 2024 06:45:00
Reaction in asia. the big reaction is the price of oil, the price of which has gone up by nearly li%. it is now gone down to an increase of 1.32%. that was a wrong concern about the oil supply, because a fifth of the world's oil consumption travels through the strait of hormuz, the narrow passage between iran and oman. the concerns around escalating tensions are that there will be a disruption to supplies. iran of courses and oil producer, as well, the world's seventh—largest. the fact that oil prices are paring back reflects the fact that investors, traders are saying that this was a limite...