What the US-Israel war with Iran means for global trade

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• 00:41

  There's war across the Middle East and it could be spreading.

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  The missile went straight past the front of the hotel.

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  The thundering noise was phenomenal.

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  And it exploded just down the road.

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  An entire region closed for business.

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  It is Saudi Arabia, it's Iraq, it's Iran, it's Kuwait, it's UAE, it's Qatar, it's Bahrain.

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  So it's massive.

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  This is World Business Report from the BBC World Service.

• 01:08

  I'm Ed Butler and today we're going to be looking at what war in the Middle East could mean for global trade with extraordinary hits to energy and other container shipping across the region.

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  Insurers have denied the ship's coverage.

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  What could this mean for prices and the global trading system itself?

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