2026-07-08
10 分钟Is Ukraine hitting Russia where it hurts the most?
It's World Business Express from the BBC World Service.
I am busy at Debayo.
Also, oil prices rise after fresh US strikes on Iran and the Esports World Cup gets underway in France.
So fighting has resumed in the Persian Gulf with both the US and Iran firing
at numerous targets on land and at sea.
So has the seas fire collapsed?
Well, President Trump certainly seems to think so.
As far as I'm concerned, it's over.
I'll speak to our negotiators.
They want to negotiate.
They're good people.
Steve Woodcoff, Jared Kushner.
But they have to come back to me.
The president's comments led to oil prices shutting up by around 5% on Wednesday,
and the head of the International Maritime Organization wants shipping companies
to avoid the Strait of Hormuz to keep seafarers in the region safe.
Well, let's speak to George Gutber, who's a fund manager at Polar Capital.
So, George, how much of today's jump in oil prices is down to fears that this conflict could escalate again?
Well, if we put the move in context, we've seen a price of a barrel