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How the US-Israel war with Iran is affecting oil prices | Global News Podcast
The price of oil has surged above $100 per barrel for the first time in four years, as the US-Israel war with Iran enters its second week.
Iran has launched strikes on energy infrastructure across the Gulf, and effectively closed off the Strait of Hormuz — the only route for tankers leaving the region.
Oil producing countries are starting to limit their output, and the G7 nations are considering a move to access their emergency oil stockpiles.
We speak to the BBC’s business editor Simon Jack about the impact on energy markets and the global economy, what it means for consumers, and what could be done to relieve the pressure.
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The inquiry into how serial killer Lucy Letby was able to murder babies at the Countess of Chester hospital in England has delivered its findings, describing a “complete failure” to protect infants from harm.
After hearing from more than 130 witnesses, and considering 400 statements over six months, the Thirlwall Inquiry report was published earlier at Liverpool Town Hall.
It was launched in September 2024, after Letby was convicted of murdering seven babies and attempting to murder seven others – one of whom she attempted to kill twice.
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The UK may suspend its extradition agreement with Hong Kong, in a further deterioration of relations with China.
It’s understood that may be among measures to be announced by the Foreign Secretary Dominic Raab. It’s in response to China’s new security law in Hong Kong, which could allow dissidents to be sent from the former British colony to mainland China.
The Foreign Office has also criticised Bejing over human rights abuses against its Muslim Uighur population.
Beijing’s Ambassador to the UK has threatened that China will retaliate and has accused Downing Street of “dancing to the tune” of the United States.
Clive Myrie presents BBC News at Ten reporting by Caroline Hawley,
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A Brexit deal has been agreed between UK and EU negotiating teams before a meeting of European leaders in Brussels.
Prime Minister Boris Johnson tweeted: “We’ve got a great new deal that takes back control.”
The two sides have been working on the legal text of a deal, but it will still need the approval of both the UK and European parliaments.
The DUP has cast doubt on its success, saying they still cannot support it.
The Northern Irish party earlier released a statement saying they could not back proposals “as things stand”, and – after the PM’s announcement – said their statement “still stands”.
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Former British Ambassador to Syria Peter Ford believes that the chemical attack in the rebel-held town of Khan Sheikhoun may not have been committed by the Assad regime.
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