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World Business Report

at the same time we can see iranians seeing how strongly the world condemned their attack to the israelis and several sanctions imposed against them. for both sides, there was cooling down to not hit each other i guess for quite some time until the next presidential election and we can see what is the next policy of the us policymakers in the white house.— white house. iran applause foreian white house. iran applause foreign minister— white house. iran applause foreign minister did - white house. iran applause foreign minister did say - white house. iran applause foreign minister did say in i white house. iran applause. foreign minister did say in the hours before this strike that he would see his country respond quickly and effectively. so does something have to happen even if it's from a proxy of irani, will not be that appetite in the coming days? it be that appetite in the coming da s? e. , be that appetite in the coming da s? , , ., , days? it can be the proxies like the houthis _ days? it can be the proxies like the houthis or - days? it can be the proxies like the houthis or maybe l like the houthis or maybe already we have seen hezbollah so much engaged in attacking israel and israel hitting the back and we can see maybe another event in the persian gulf forced strait of hormuz

Inside-iran , Israelis-international-peace , Attack , World , Sanctions , Sides , United-states , Applause , White-house , Policy , Policymakers , Election

World Business Report

trading jumped by around 3%, now they are down slightly, just over 2% increase. that's largely because one fifth of the world's oil consumption travels through the strait of hormuz in the region and there are large concerns, many concerns that escalating tensions will affect supply and will further impact prices. shares and stocks in asia also down on the news. but safe haven assets like gold have risen, with gold nearing a record high. mil risen, with gold nearing a record high.— risen, with gold nearing a record high. all right, thank ou record high. all right, thank you very _ record high. all right, thank you very much. _ record high. all right, thank you very much. let's - record high. all right, thank you very much. let's get - record high. all right, thank. you very much. let's get some more reaction now from the american middle east analyst aaron david mueller, he is from the carnegie endowment for international peace. i the carnegie endowment for international peace.- international peace. i think the israelis _ international peace. i think the israelis probably - international peace. i think| the israelis probably briefed the israelis probably briefed the white house earlier today,

World , Reaction-in-asia , Consumption , Trading , Increase , Fifth , 3 , 2 , One , Region , Asia-reaction-in , Concerns

Breakfast

asia. the oil prices are the real concern because that will impact people at the petrol pump at a time when the cost of living crisis means that prices are higher, when interest rates are higher and inflation is high in a number of countries. around a fifth of the world? oil consumption goes through the strait of hormuz, the narrow passageway between iran and oman. the concern is that if tensions escalate in the region, then supply will be disrupted and that will further drive up prices. another commodity that prices have gone up, and it is often seen as a safe haven assetin and it is often seen as a safe haven asset in times of uncertainty, gold, it is close to a record high. let's take you july shop of tel aviv now.

People , Crisis , Concern , Oil-prices , Prices , Cost , Petrol-pump , Asia , Central-iran , Region , Tensions , Countries

Asia Business Report

of hormuz is unlikely. that's according to industry expert peter sand from xeneta, which specialises in shipping logistics. i think the likelihood of an outright blockage of the strait of hormuz is quite limited. that doesn't mean that shipping will continue to do business in and out of the area. it is already before what's going on with the israel—gaza war and the most recent exchange of fire from iran. this is an area that had been haunted in the maritime industry for decades. so everyone trading in the area often have contingency plans for when events like this happen. but for the time being it seems as if everyone is waiting and they are waiting with contingency plans already to avoid the area if such an escalation would also impact

Peter-sand , Xeneta , Area , Shipping , Strait-of-hormuz , Business , Likelihood , Blockage , Israel , Shipping-logistics , Doesn-t , Gaza-war

Asia Business Report

by nearly a third over the past year. although tensions are high, the closure of the strait of hormuz is unlikely. that's according to peter from zanatta, is unlikely. that's according to peterfrom zanatta, which specialises in shipping logistics. i specialises in shipping logistics-_ logistics. i think the likelihood _ logistics. i think the likelihood of - logistics. i think the likelihood of an - logistics. i think the - likelihood of an outright blockage of the strait of hormuz is quite limited. that doesn't mean that shipping will continue to do business in an out of the area. from the most recent exchange of fire from iran. this is an area that had been haunted in the maritime industry for decades. so everyone trading in the area often have contingency plans for when events like this happen. but for the time being it seems as if everyone is waiting and they are waiting

Tensions , Strait-of-hormuz , Closure , Peterfrom-zanatta , Area , Logistics , Shipping , Likelihood , Shipping-logistics , Business , Blockage , Doesn-t

Asia Business Report

to the senate, and if it passes there, president biden says he will sign it. shipping companies across the globe are keeping a close eye on the conflict in the middle east. freight costs have already gone up significantly due to escalating tensions and volatile oil prices. those costs could increase further, if there's any disruption to the strait of hormuz. just last weekend, iran's revolutionary guards seized a cargo ship linked to israel along the narrow waterway. our business reporter david waddell has more. here's that scene aboard the msc ares filmed on saturday. it appears to show two people understood to be iranian revolutionary guards descending onto the vessel. the ship's leased by msc, the world's biggest container shipping company, but she's partially owned by an israeli businessman, eyal ofer, which may have made her vulnerable to iranian attention. that took place at the strait of hormuz, one of a number of major global trade chokepoints, often an anxious

Biden , Senate , Tensions , Freight-costs , Shipping-companies , Globe , Conflict , Eye , Oil-prices , Middle-east , Cargo-ship , David-waddell

Asia Business Report

passage for western traders. there are tensions to add other choke point locations. this video shows houthi militants storming a british registered cargo ship in november. that was on an approach to the babur mandeb strait, a gateway to the red sea with suez canal to the north. it's often been in the news with ships targeted by those militias or drone attacks from yemen. according to the international monetary fund, suez canal trade fell by half in the early months of this year compared to the beginning of 2023. it's driven traders around the cape of good hope at enormous cost in time and money, and it's come at a huge cost to the egyptian economy, highly reliant on the canal for billions of dollars of income. further west, one more choke point, the panama canal. water shortages there have led the authorities to reduce the volume of shipping travelling between the atlantic and pacific 0ceans. the imf reckons that trade on that route has fallen by nearly a third over the past year. although tensions are high, the closure of the strait

Tensions , Cargo-ship , Traders , Passage , Choke-point-locations , Approach , Video , Mandeb-strait , Militants , Houthi , British , Babur

Asia Business Report

the bill needs to go to the senate, and if it passes there, president biden says he will sign it. shipping companies across the globe are keeping a close eye on the conflict in the middle east. freight costs have already gone up significantly due to escalating tensions and volatile oil prices. those costs could increase further, if there's any disruption to the strait of hormuz. just last weekend, iran's revolutionary guards seized a cargo ship linked to israel, along the narrow waterway. our business reporter david waddell has more. here's that scene aboard the msc ares filmed on saturday. it appears to show two people understood to be iranian revolutionary guards descending onto the vessel. the ship's leased by msc, the world's biggest container shipping company, but she's partially owned by an israeli businessman, eyal 0fer, which may have made her vulnerable to iranian attention. that took place at the strait of hormuz, one of a number

Bill , Biden , Senate , Cargo-ship , Tensions , Strait-of-hormuz , Freight-costs , Shipping-companies , Globe , Conflict , Eye , Costs

Iran Israel tensions: Iran's Revolutionary Guard seizes a container ship near Strait of Hormuz amid tensions with West

Iran's Revolutionary Guard commandos seized a container ship near the Strait of Hormuz, a move attributed to Iran amid growing tensions between Tehran and the West. The incident occurred in the Gulf of Oman off Fujairah.

Gulf-of-oman , Iran-general- , Iran , United-kingdom , Tehran , British , Associated-press , Revolutionary-guard , United-kingdom-maritime-trade-operations , Iran-israel-tensions , Israel-ship

Iran attacks Israeli-linked ship near Strait of Hormuz, US rushes warships to aid ally: Report

The video was shared with the AP by the defence official, who discussed intelligence matters while speaking on condition of anonymity. Within, the commandos descended onto a pile of containers arranged on the ship's deck.

India , Iran , Dubai , Dubayy , United-arab-emirates , Gulf-of-oman , United-arab-emirates-general- , Israel , Fujairah , Al-fujayrah , Portugal , United-kingdom