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BBCNEWS BBC News at Ten June 4, 2024 22:28:00

Red sea under the suez canal, and the additional economic burden that places on the world economy. as well as the potential economic consequences more broadly if this action were to more broadly escalate into something more wired, particularly if there was any knock on consequences for oil prices. so, a big moment for the prime minister. to underline that, and the conversation has been involved in this evening, we are told by downing street he has spoken told by downing street he has spoken to the egyptian president, abdul fattah al sisi, acknowledging that conversation the attacks on commercial shipping in the red sea. a downing street spokesman saying tonight that the prime minister said the uk would continue to take action to defend freedom of navigation and protect lives at sea. we could see that military action within hours. chris mason in downing street, thank you very much. ....

Authorising Uk Military Action , Red Sea , Suez Canal , World Economy , Prime Minister , Oil Prices , In The Red Sea , Downing Street , Downing Street Spokesman , Abdul Fattah Al Sisi , Chris Mason ,

BBCNEWS The Context June 4, 2024 20:44:00

Website, lots more content there. thank you very much for coming on the programme. the immanent response we are expecting in the red sea in reaction to the houthi attacks. they discussed the rise in attacks on commercial vessels in the red sea and disruptive impact on global shipping but that is having. the prime ministers of the uk would continue to take action to defend freedom of navigation and protect lives at sea. as frank gardner was telling you at the top of the programme, of course there is no love lost for the houthi in the arab world, from an egyptian point of view they took big sums of money for ships going to the suez canal this is causing a severe economic problem ....

Red Sea , Frank Gardner , Point Of View , Arab World , Suez Canal ,

BBCNEWS Newsnight June 4, 2024 22:36:00

Hardly greece, the philippines, they have hardly had greece, the philippines, they have hardly had any effect on the israelis hardly had any effect on the israelis but a big effect on initial shipping israelis but a big effect on initial shipping most of which is going round shipping most of which is going round south africa rather than the red sea. round south africa rather than the red sea, 15% of world trade goes through red sea, 15% of world trade goes through those water, and the uk has calculated through those water, and the uk has calculated there is a potential 3% hit to calculated there is a potential 3% hit to the calculated there is a potential 3% hit to the uk economy. it is inflationary, if the ships have to id inflationary, if the ships have to go further, inflationary, if the ships have to go further, it adds cost, so that is what go further, it adds cost, so that is what is go further, it adds cost, so that is what is at go further, it adds cost ....

On Israel , South Africa , Red Sea , World Trade , In The Red Sea , Id Inflationary , Security Itself , Security Council , They Haven T , Houthi Rebels , Broken Down , Iranian Navy , Gulf Of Oman ,

BBCNEWS Verified Live June 4, 2024 16:18:00

However, i think there is a challenge in that any strikes could end up politically strengthening the houthis and not actually fixing the problem and that i think is the bigger challenge for the western governments involved in formulating their response. you governments involved in formulating their re5ponse- their response. you talk of challenges. their response. you talk of challenges, as their response. you talk of challenges, as it their response. you talk of challenges, as it stands i their response. you talk of i challenges, as it stands now their response. you talk of - challenges, as it stands now with so many attacks, i think this is the 26, it is having a real economic impact which is presumably why the houthis are doing it? yes. impact which is presumably why the houthis are doing it? houthis are doing it? yes, the red sea is virtually houthis are doing it? yes, the red sea is virtually closed, houthis are doing it? yes, the red sea is virtually closed, we - houth ....

We Houthis , Red Sea , Shipping Firms , Supply Chain Crunch , South Africa , In The Red Sea , Risk Notjust , Panama Canal ,

BBCNEWS Verified Live June 4, 2024 15:45:00

Against ships means thousands of ships have had to divert, pay more for insurance, and it gets translated into higher prices for people for everything from field to medicine to food, and it is disrupting supply chains, so it is having a real impact on people around the world. in their daily lives. we know all about the hostages in gaza. well, they houthis have taken more than 25 hostages from the ships they have seized since this fall, so all of this has required us, this challenge, this threat to the interests of countries around the world has required us to respond. we put together operation prosperity garden with more than 20 countries, including back rain. to do everything we can to preserve freedom of navigation and shipping any red sea including with varane. and we responded effectively ....

Supply Chains , Gaza So , Operation Prosperity Garden , Red Sea , Back Rain ,