0:00
The problem is he can have his head in
0:01
international law textbooks, but the
0:04
market has got its own concerns.
0:05
>> Indeed, and perhaps the most pronounced
0:07
move we've seen has been in the oil
0:08
price, which is up around 10% around $80
0:11
a barrel over the past 24 hours. That's
0:14
been led by constraints in the supply of
0:16
oil, particularly around an area known
0:18
as the Strait of Hormuz, which is to the
0:20
south of Iran, which is a sea passage
0:23
through which something like 20% of all
0:28
makes its way through. So, without that,
0:30
we're going to see a bit of a
0:33
a slowdown in supply, and that's that's
0:35
pushing the price up. Elsewhere,
0:38
we've seen on the the FTSE this morning
0:40
defense stocks going up. Stocks like BAE
0:44
Systems. And over in Italy, Leonardo,
0:48
the defense company that makes fighter
0:50
jets and helicopters, also seen its
0:51
shares go up on the expectation that
0:54
we'll see more European defense spending
0:56
as a result of this. And as as often
0:59
uncertainty, turbulence in the markets
1:01
like this, we're seeing people piling
1:03
into gold. So, the price is up about 5%
