New video by BBC News on YouTube
Oil prices surge amid Middle East turmoil | Global News Podcast
he 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. New episodes of the Global News Podcast are published twice a day. You can listen here: https://ift.tt/TwZl0cq And you can find more of our Youtube episodes here: https://bbc.in/GlobalNewsPodcast #Oil #MiddleEast #BBCNews
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he 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. New episodes of the Global News Podcast are published twice a day. You can listen here: https://ift.tt/TwZl0cq And you can find more of our Youtube episodes here: https://bbc.in/GlobalNewsPodcast #Oil #MiddleEast #BBCNews
View on YouTube
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