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Even more dire as government assistance only gets through in drips and drabs. I want to get jones welcome to do business asia and we start with the latest escalations in the strait of hormuz where to oil tankers were attacked earlier today one of them allegedly hit by a torpedo the brant crude price has been volatile since the attack hitting over 62. 00 a barrel immediately often use of that attack emerged the strait of hormuz is one of the worlds most strategically important choke points along the coast of iran almost a 3rd of all Liquefied Natural Gas and almost 20 percent of Global Oil Prod...

In the long term talk to an analyst and he says the immediate reaction and today was partly also a result of oil going down so so much in the past days and he says that if this continues of let's say there's an escalation if there should be firm evidence that iran was behind the attacks in the us should react perhaps militarily then it would escalate and that would send the oil price back up in late april it was much higher than today so there's still a lot of room for it to move but certainly it's something that people are having their eyes on apart from the oil market in equities for example...

For the oil market. i think it's too early to tell what it means in the medium term in the long term talk to an analyst and he says the immediate reaction and they was partly also a result of oil going down so so much in the past days and he says that if this continues of let's say there's an escalation if there should be firm evidence that iran was behind the attacks and the u.s. should react perhaps militarily then it would escalate and that would send the oil price back up in late april it was much higher than today so there's still a lot of room for it to move but certainly it's something ...