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BBCNEWS World July 3, 2024

Edge. It is our hard product that cannot be based by Monetary Policy and things like that. People tend to flock towards gold in times of monetary uncertainty. Flat flock towards gold in times of monetary uncertainty. Flock towards gold in times of monetary uncertainty. Not a Big Oil Roducin monetary uncertainty. Not a big Oil Producing country monetary uncertainty. Not a big Oil Producing country in monetary uncertainty. Not a big Oil Producing country in itself, monetary uncertainty. Not a big Oil Producing country in itself, but monetary uncertainty. Not a big Oil Producing country in itself, but an l ....

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BBCNEWS BBC July 3, 2024

Come. Fatalities lets ta ke lets take you to gaza city and i want you to bring the shot back into my country has suffered hundreds of fatalities. Us my country has suffered hundreds of fatalities. ,. ,. , fatalities. Us has thrown its su ort fatalities. Us has thrown its support behind fatalities. Us has thrown its support behind israel fatalities. Us has thrown its support behind israel listen| toa us focus. I dont know if you can see to a us talking after that that but look at that massive pillow interview. Of smoke. This is happening in the to a us talking after that interview. ,. ,. , last few minutes, another israeli interview. The situation is fluid and very dangerous. Defence for striking on the city. I interview. The situation is fluid and very dangerous. We interview. The situation is fluid and very dangerous. We are i interview. The situation is fluid and very dangerous. We are working have been hearing about the number hard as i know other countries in the region are hard to ....

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BBCNEWS World July 3, 2024

Major market reaction, and like you say weve seen prices up over 4 fuelled by the conflict in the middle east and it comes after oil prices suffered the biggest weekly drop since march last week which was reversing a lot of the price action we have been seeing betweenjune and september this year which of course was because of Supply Constraints from saudi arabia and russia but this increase in geopolitical risk is providing a major tailwind to Oil Prices Today and The Big Question really is the market is wondering whether there is iranian involvement in the attack which is something that has been alleged by the israeli authorities because if they are, the tensions are likely to have a more longer lasting upward impact if it were to negatively impact oil surprise and supplies in terms of pushing
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BBCNEWS Asia July 3, 2024

Going on, replace concerns in factors might have an reflects uncertainty as to what various governments might do anything aftermath of these horrific attacks. As you mentioned, it is not because oil is produced in israel and gaza, for example, it is because in this region, about a third of the worlds oil comes from The Middle East, and the question now is what will israels responsibly to these attacks . Will it be limited, how long will it go on for . Is that the risk of this spiralling . We have keep your political players around this region and central to that is a run. We have had potential uranian involvement in the these attacks. Iran is important because they control the state of tom boyd with millions of barrels of oil is passing through it every day. Even iranians Oil Shipments have been up to a five year pipe in the past five years. Will the
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BBCNEWS Asia July 3, 2024

Territories are oil producers, but because the middle east is such a huge oil producer as a region, about a third of the worlds oil comes from this region it is what people call the wall risk premium. You have all these interconnected players, pieces of the puzzle, the question is now whether israels response of these attacks can be limited, how long will it last, is going to dragon diplomatically other regional players, so that is really what is contributing to the volatility. A lot of talk about iran, that critical to a chokepoint. Reports of uranian involvement in these attacks. Iranian. It should be pointed out Antony Blinken has said there is no evidence to suggest any iranian involvement so far but it plays into this atmosphere of uncertainty and basically not really knowing what happens next. And that really is reflected in things like the price of oil. ﬁnd really is reflected in things like the price of oil. And very bri ....

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