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hello. if you justjoined us, i m sally bundock. we will now talk through the top stories. if this is your first day back at work after a long christmas break we will bring you up to speed. and we start in the middle east, where the threat of military escalation continues to hang over the red sea. the us, britain, and their allies in the region are on alert to see if their warnings to the iran backed houthis are now working. attacks on commercial vessels have been happening since the war between israel and gaza began. houthis who are behind the attacks say it s in support of hamas and has turned a vital global trade route, that handles about 12% of the world s commerce, into a risky maritime passage. the uk defence secretary, grant shapps, said britain would not hesitate to take what he called direct action . meanwhile, bloomberg reports iran dispatched a warship to the red sea after the us navy destroyed three houthi boats. joining me now is janet mui, head of market ana ....
Joining me now is janet mui, head of market analysis, rbc brewin dolphin. good morning to you, janet. i noticed today is the first trading day for financial bond markets for 202a. the price of oil is going up and up because of concern this could hit global oil supply.- of concern this could hit global oil supply. hi, good morning. global oil supply. hi, good morning, sally, global oil supply. hi, good morning, sally, thanks - global oil supply. hi, good morning, sally, thanks fori morning, sally, thanks for having me. so far i think global markets have been relatively complacent on the risk of escalation in the middle east, so i think a bit of reaction on the oil price is normal. all prices are higher because people are worried about the supply and also mostly villages logistic concerns as well. as you mentioned, this is a very important trade canal between asia and the west, so the longer this problem persists the more uncertainty it poses to container ships and the ....