BBCNEWS Business Briefing January 8, 2020
So, lets look in detail at the Market Reaction to the news that at least two air bases hosting us troops in iraq were attacked by iran. On the oil markets, it was swift us crude jumping by as much as 4. 5 to 65. 65 per barrel in asian trade. Brent was above 71 a barrel on concerns this could disrupt oil supplies from the middle east. So called safe haven assets, like gold and the japanese yen, also rose sharply on the news. Since then, we have seen all of this as it seems to have deescalated a little. Lets get more on this story with our middle east business correspondent, sameer hashmi. The o...