News UK
Coronavirus: oil price collapses as demand falls further – BBC News
The price of oil has plunged further as the coronavirus pandemic leads to falls in demand around the world. In the United States some oil prices turned negative – with oil producers in effect paying buyers to take supplies.
Meanwhile some countries are continuing to ease the lockdowns they put in place due to the pandemic. New Zealand is relaxing rules on local travel, following some easing of coronavirus restrictions in Germany and Denmark.
In the UK Boris Johnson is said to be very wary of relaxing restrictions too soon due to concerns it could lead to a second wave of coronavirus infections. The Prime Minister is continuing his recovery from the virus at Chequers, his country residence.
In the United States protesters have taken to the streets demanding an end to the lockdown. The US is feeling the economic effects of the pandemic, with unemployment soaring – more than 22 million Americans have put in new claims for benefits in the last month.
Huw Edwards presents News at Ten reports from Business Correspondent Michelle Fleury, Science Editor David Shukman, Political Editor Laura Kuenssberg and North America Editor Jon Sopel.
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The US said it has hit “dozens” of Iranian military targets in overnight attacks, in response to Iran hitting commercial ships in the Strait of Hormuz.
The military said it struck “air-defense systems, coastal radar sites, missile and drone capabilities, and small boats”, using aircraft, ships, and drones – including “one-way attack sea drones for the first time”.
“The Strait of Hormuz is a vital maritime corridor for global trade,” the US military said. “Iran does not control it”.
In response, Iran said it targeted US bases in Jordan, Bahrain, and Kuwait and also radar systems in Oman.
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President Donald Trump has said the US is reinstating a naval blockade of Iranian ports and will impose a 20% charge on all cargo shipped through the Strait of Hormuz following days of escalating strikes between the two countries.
He said this would stop “Iran’s ships or customers” from entering or leaving the key oil shipping route, but “all other countries will have fair and open use of the Strait”.
Iran’s foreign minister later said whoever provides safe passage “should be compensated for this service”, but Iran would remain the strait’s “GUARDIAN” – using Trump’s word.
Tehran and Washington clashed over the strait’s control after exchanging strikes in the region overnight and on Monday.
The US said it carried out strikes against military targets in Iran, targeting air defence systems, coastal radars, and missile and drone sites. Iran said it responded by striking US military bases in Kuwait, Jordan and Bahrain, and radars in Oman.
Reeta Chakrabari presents BBC News at Ten reporting by Jeremy Bowen.
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Wildfires of ‘exceptional scale’ have taken force in Paris, as neighbouring Spain still tackles flames across the country following its own devastating fires.
Now the UK is also experiencing wildfires in England and Wales, as its third heatwave of the year is set to intensify again this week.
Here’s what we know so far about the extent of wildfires in Europe and the UK, and how heatwaves are impacting them.
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Explosions have been heard near two Iranian port cities, Bandar Abbas and Bushehr, state media has reported.
It comes after another night of strikes between the US and Iran, with Iran’s Islamic Revolutionary Guard Corps saying it hit two UAE tankers in the Strait of Hormuz and targeted US facilities in Jordan and Bahrain.
The UAE called the attack “brazen”, adding that an Indian crew member was killed and eight others were injured.
Meanwhile, the US military says it completed strikes on targets aimed at degrading “Iran’s ability to attack commercial shipping” – Iranian state media reports three people were killed.
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The US military said it was carrying out a new wave of strikes on targets in Iran. It said the aim of the attacks was to degrade Iran’s ability to attack shipping in the strait of Hormuz. It came ass the US Navy resumed its blockade of Iran’s ports.
Iran said that control of the strait of Hormuz was required for its national security and it will exercise sovereignty over the key shipping lane, whatever the cost.
President Trump announced that he was scrapping a plan he had announced a day earlier, for placing a 20% toll or tariff on all cargos passing through the strait of Hormuz.
Clive Myrie presents BBC News at Ten reporting by Sarah Smith in Washington.
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@eddiedeleon2425
January 27, 2024 at 5:49 pm
REVERSE
@tanujSE
January 27, 2024 at 5:49 pm
Great sexual games are played looking at religious economics inferior and superior,bascially religious sexual growth is persecution and hereby we see divide and rule,muslim hitting towards inflation,oil prices etc
@z0fn
January 27, 2024 at 5:49 pm
Spongebob
@elenacorban3297
January 27, 2024 at 5:49 pm
'You don't mix oil and water to make pace; the oil may burn but only on the surface, after it completely burns, the oil disappears but the water stays' ( like a magic trick) physics is beautiful when you understand it, science makes sense when you keep practicing… yet for so many logic is missing
@catmosim5854
January 27, 2024 at 5:49 pm
You suck
@t1349httify
January 27, 2024 at 5:49 pm
Blame it on Biden. We are now depending on foreigner oils because of Biden's executive order.
And the Russia and middle east countries can gouging us.
Russia and saudi are laughing as us right now.
@njb9192
January 27, 2024 at 5:49 pm
They'll still increase the price at pumps, it's called Racketeering!!!!
About time we all grew a pair and told this government to fk off
@khooboobeng2184
January 27, 2024 at 5:49 pm
High time to pay less. We have been paying like nuts?
@arminwien
January 27, 2024 at 5:49 pm
what an ugly brown nosing report. BBC licking Johnson ass
@hernanebatistaz996
January 27, 2024 at 5:49 pm
This is a great video. I am using it in my own website about this topic here: https://binbitforex.club/%ef%bb%bfoil-prices-turned-negative/
@ChaserPlays
January 27, 2024 at 5:49 pm
Oh neat, the media is showing good news for once
@sleepywatcher
January 27, 2024 at 5:49 pm
Lol
@TF12191
January 27, 2024 at 5:49 pm
Hopefully the collapse of BBC tax as well
@ExploreLearnEnglishWithGeorge
January 27, 2024 at 5:49 pm
Trump will see his die-hard followers die hard.
@ExploreLearnEnglishWithGeorge
January 27, 2024 at 5:49 pm
People were freaking out when there were 1000s of cases in the country, now there are well over a 100 thousand with 10s of thousands dead and people are looking at reopening everything.
Closing down with thousands infected – reopening with hundreds of thousands infected
One doesn't need to be a nobel price laureate in the field of epidemiology to know that this idea is desperate and will equate to many more deaths.
@ExploreLearnEnglishWithGeorge
January 27, 2024 at 5:49 pm
Well, let's look at it, I would be happy to get approx a $1 million to begin with,so if it is $40/barel then I take 25 000 barels please. Address where to ship it given upon bank transfer completion. Thank you for the offers.
@ExploreLearnEnglishWithGeorge
January 27, 2024 at 5:49 pm
It would be nice if the prices stayed negative after the lockdown is lifted in 2022
@skiptomile
January 27, 2024 at 5:49 pm
lol only white people be prostesting
@ayaansiddiqui3086
January 27, 2024 at 5:49 pm
But people spoiler it
@ayaansiddiqui3086
January 27, 2024 at 5:49 pm
It should be in india
@karanveersingh6367
January 27, 2024 at 5:49 pm
Lucky people of New Zealand.
@shaukahodan2373
January 27, 2024 at 5:49 pm
Isn't America a side show for the world and just pure entertainment. Always seeking attention.
@manikanthaarunpaturi368
January 27, 2024 at 5:49 pm
No oil companies to buy oil from international oil market amidst covid-19 crisis.So oil prices drop down .
@user-ms7nz5rj9z
January 27, 2024 at 5:49 pm
And why dont we just give some barrels to somali pirates late for news? They might dont have any ideas about oil price ㅅ오ㅅlmao
@gokul664
January 27, 2024 at 5:49 pm
Oil price down like 0 in the history of the world never seen this situation before. The future is low cost fuel of gases for the world.
@hemarabadia5890
January 27, 2024 at 5:49 pm
I feel Trump has really failed his people. He need to assist them financially for them not to go into these scared frenzies. He needs to reassure them and show he cares for their well being. I see nothing, he does nothing, but there are those who are totally devoted to this guy.
@leepshin
January 27, 2024 at 5:49 pm
So why aren't we seeing the prices plummit at UK pumps?
@Project808
January 27, 2024 at 5:49 pm
The British look happy though
@MrJacobElias
January 27, 2024 at 5:49 pm
China got Tank Man.
USA got Pick-Up Nurse.
@JayneFrogWoo
January 27, 2024 at 5:49 pm
I think protesters and conspiracy theorists should help on the front line and find out the truth for themselves.