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Prices had already risen in expectation of action, with Brent crude near a six-month high last week.
BBC HomepageSkip to contentAccessibility HelpYour accountNotificationsHomeNewsSportWeatheriPlayerSoundsBitesizeMore menuMore menuSearch BBCHomeNewsSportWeatheriPlayerSoundsBitesizeCBBCCBeebiesFoodClose menuBBC NewsMenuHomeIsrael-Gaza warCost of LivingWar in UkraineClimateUKWorldBusinessPoliticsCultureMoreTechScienceHealthFamily & EducationIn PicturesNewsbeatBBC VerifyDisabilityBusinessMarket DataEconomyYour MoneyCompaniesTechnology of BusinessCEO SecretsAI BusinessIran-Israel tensions: Oil prices lower after attackPublished1 hour agoShareclose panelShare pageCopy linkAbout sharingRelated TopicsIsrael-Gaza warImage source, Getty ImagesImage caption, Iran is the seventh largest oil producer in the worldBy Peter Hoskins & Nick EdserBusiness reportersOil prices fell in early Asian trade after Iran’s reprisal attack on Israel over the weekend.Brent crude – a key benchmark for oil prices internationally – was lower but still trading close to $90 a barrel on Monday morning.Prices had already risen in expectation of action by Iran, with Brent crude nearing a six-month high last week.Israeli Defence Minister Yoav Gallant has said the confrontation with Iran is “not over yet”.”Clearly, the oil market does not see the need to factor in any additional supply threat at this point,” energy analyst Vandana Hari said.Brent crude may well fall below the $90 mark, but a sizeable pullback is unlikely as traders remain focused on the risks associated with the conflicts in Gaza and Ukraine, she added.Analysts also said Israel’s reaction to the attack will be key to global markets in the days and weeks ahead.”I think we’ll see naturally volatility. If there was to be some sort of counter-move by Israel, then that would, I think, rocket energy markets very much to the upside,” Peter McGuire from trading platform XM.com told the BBC.Share markets in the Asia-Pacific region also slipped on Monday as investors weigh the impact of the attack.The Hang Seng in Hong Kong, Japan’s Nikkei and the Kospi in South Korea were all more than 1% lower in morning trade.Why has Iran attacked Israel?Iran launched drones and missiles towards Israel at the weekend after vowing retaliation for an attack on its consulate in the Syrian capital Damascus on 1 April.Israel has not said it carried out the consulate strike, but is widely believed to have been behind it.At the end of last week, the price of Brent crude touched $92.18 a barrel, the highest since October, before falling back to close at $90.45.Iran is the seventh largest oil producer in the world, according to the US Energy Information Administration, and the third-largest member of the Opec oil producers’ cartel.Analysts say that a key issue for the oil price going forward is whether shipping through the Strait of Hormuz will be affected.The Strait – which is between Oman and Iran – is a crucial shipping route, as about 20% of the world’s total oil supply passes through it.Opec members Saudi Arabia, Iran, the UAE, Kuwait and Iraq send most of the oil they export through the Strait.On Saturday, Iran seized a commercial ship with links to Israel as it passed through the Strait of Hormuz.Related TopicsIsrael-Gaza warEconomicsIranOilGoldMore on this storyWhy has Iran attacked Israel?Published11 hours agoWhat was in wave of Iranian attacks and how were they thwarted?Published1 hour agoIran warns Israel against ‘reckless’ retaliationPublished14 hours agoTop StoriesBowen: As Israel debates Iran attack response, can US and allies stop slide into all-out war?Published9 hours agoUS tells Israel it won’t join any Iran retaliationPublished2 hours agoAnalysis: What will Israel do next?Published16 hours agoFeaturesBBC Verify examines video from Iran’s attack on Israel. 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BBC HomepageSkip to contentAccessibility HelpYour accountNotificationsHomeNewsSportWeatheriPlayerSoundsBitesizeMore menuMore menuSearch BBCHomeNewsSportWeatheriPlayerSoundsBitesizeCBBCCBeebiesFoodClose menuBBC NewsMenuHomeIsrael-Gaza warCost of LivingWar in UkraineClimateUKWorldBusinessPoliticsCultureMoreTechScienceHealthFamily & EducationIn PicturesNewsbeatBBC VerifyDisabilityWorldAfricaAsiaAustraliaEuropeLatin AmericaMiddle EastUS & CanadaCould you be a fair juror for Trump? We asked New YorkersThis video can not be playedTo play this video you need to enable JavaScript in your browser.Could you be a fair juror for Trump? We asked New YorkersCloseJury selection is under way in Donald Trump’s New York City hush-money trial, with hundreds of people selected as potential jurors.They must answer a questionnaire to determine, among other things, if they can be impartial about the former president.The BBC asked some of those questions to Manhattan residents.SubsectionUS & CanadaPublished50 minutes agoShareclose panelShare pageCopy linkAbout sharingRead descriptionExplore moreCould you be a fair juror for Trump? We asked New Yorkers. Video, 00:02:16Could you be a fair juror for Trump? We asked New YorkersSubsectionUS & CanadaPublished50 minutes ago2:16Up Next. A view from inside court for Trump’s blockbuster trial. Video, 00:01:15A view from inside court for Trump’s blockbuster trialSubsectionUS & CanadaPublished19 hours agoUp Next1:15Press, police and protesters: Outside Trump courthouse. Video, 00:01:12Press, police and protesters: Outside Trump courthouseSubsectionUS & CanadaPublished1 day ago1:12Trump’s ‘perp walk’ moment explained in 60 seconds. Video, 00:01:00Trump’s ‘perp walk’ moment explained in 60 secondsSubsectionUS & CanadaPublished31 March 20231:00Editor’s recommendationsCopenhagen stock exchange engulfed by huge fire. Video, 00:01:03Copenhagen stock exchange engulfed by huge fireSubsectionEuropePublished12 hours ago1:03Moment spire collapses at Copenhagen stock exchange. Video, 00:00:43Moment spire collapses at Copenhagen stock exchangeSubsectionEuropePublished11 hours ago0:43Dormice ladders built in the Forest of Dean. Video, 00:00:51Dormice ladders built in the Forest of DeanSubsectionGloucestershirePublished1 day ago0:51Liz Truss: The world was safer under Trump. Video, 00:00:35Liz Truss: The world was safer under TrumpSubsectionUK PoliticsPublished22 hours ago0:35Huge fires blaze along Miami highway. Video, 00:00:33Huge fires blaze along Miami highwaySubsectionUS & CanadaPublished12 hours ago0:33Watch: Georgia opposition leader punches MP during debate. Video, 00:00:34Watch: Georgia opposition leader punches MP during debateSubsectionEuropePublished21 hours ago0:34Wheelie bins fly and a caravan overturns in strong wind. Video, 00:00:24Wheelie bins fly and a caravan overturns in strong windSubsectionStoke & StaffordshirePublished1 day ago0:24Hannah Waddingham calls out demanding paparazzi. Video, 00:00:28Hannah Waddingham calls out demanding paparazziSubsectionEntertainment & ArtsPublished1 day ago0:28Endangered California condor chicks hatched in LA. Video, 00:01:28Endangered California condor chicks hatched in LASubsectionUS & CanadaPublished1 day ago1:28
[ad_1] Jury selection is under way in Donald Trump’s New York City hush-money trial, with hundreds of people selected as potential jurors. They must answer a questionnaire to determine, among…
BBC HomepageSkip to contentAccessibility HelpYour accountNotificationsHomeNewsSportWeatheriPlayerSoundsBitesizeMore menuMore menuSearch BBCHomeNewsSportWeatheriPlayerSoundsBitesizeCBBCCBeebiesFoodClose menuBBC NewsMenuHomeIsrael-Gaza warCost of LivingWar in UkraineClimateUKWorldBusinessPoliticsCultureMoreTechScienceHealthFamily & EducationIn PicturesNewsbeatBBC VerifyDisabilityUKEnglandN. IrelandScotlandAlbaWalesCymruIsle of ManGuernseyJerseyLocal NewsFirst product of Meghan’s lifestyle brand revealedPublished11 minutes agoShareclose panelShare pageCopy linkAbout sharingImage source, ReutersImage caption, Meghan pictured at a polo match in Florida last weekBy Sean CoughlanRoyal correspondentA first glimpse of the new business venture from the Duchess of Sussex has been teased on social media, with pictures of a jar of strawberry jam.In a bid to preserve a sense of mystery, the jam from the new American Riviera Orchard brand seemed to be spread among friends and influencers.Fashion designer Tracy Robbins posted a picture of the jam on Instagram.It was numbered “17 of 50”, suggesting the number of recipients of this first fruit of the new business.The arrival of Meghan’s new California-based lifestyle brand had been signalled on social media last month and this suggests that it will be selling food products.What do we know about Meghan’s new brand?Five things about Harry and Meghan’s brand revampWhy did Harry and Meghan leave the Royal Family?There seemed to be have been something of a re-launch for Meghan and husband Prince Harry’s brands and businesses this year, beginning with the overhaul of their regal-looking website under the sussex.com label.Their latest projects seem to be moving away from a previous focus on their time as working royals, such as their Netflix film Harry and Meghan and Prince Harry’s memoir Spare.The hint about the strawberry jam from Meghan’s American Riviera Orchard brand seems to fit with the couple’s latest Netflix plans.Meghan is going to launch a Netflix show which will “celebrate the joys of cooking and gardening, entertaining, and friendship”.Prince Harry will be involved in another Netflix venture showing the inside track on the world of polo. That’s the equestrian sport, not the mints.Delfina Blaquier, married to Prince Harry’s polo-playing friend Nacho Figueras, also posted a picture of the new jam, with hers labelled “10 of 50”.The social media trail for American Riviera Orchard evokes a sense of the couple’s home in California – and this soft launch for the jam show pictures of the jars in a sunny basket of lemons.It’s not known how much items from the new lifestyle brand will cost. Although there are already plenty of other royals getting into jams. Visitors to the gift shops in royal palaces can get a Buckingham Palace Strawberry Preserve for £3.95 or Windsor Castle Fine Cut Seville Orange Marmalade, also for £3.95.On both sides of the Atlantic they seem to be conserving their finances.Related TopicsUK Royal FamilyMeghan, Duchess of SussexMore on this storyWhat we know about Meghan’s regal lifestyle brandPublished16 MarchMeghan launches surprise new lifestyle brandPublished14 MarchTop StoriesMPs back smoking ban for those born after 2009Published8 minutes agoMuslim student loses school prayer ban challengePublished2 hours agoBowen: Iran’s attack on Israel offers Netanyahu a lifelinePublished7 hours agoFeaturesJeremy Bowen: Iran’s attack on Israel offers Netanyahu a lifelineIranians on edge as leaders say ‘Tel Aviv is our battleground’A really, really big election with nearly a billion votersWhat is the smoking ban and how will it work?Martin Tyler: I nearly lost my voice foreverWho are the millions of Britons not working?How to register to vote for the local elections ahead of midnight deadlinePlaying Coachella after cancer emotional, says DJHow the Alec Baldwin fatal film set shooting unfoldedElsewhere on the BBCFrom weight loss to prolonging lifeIs intermittent fasting actually good for you? James Gallagher investigatesAttributionSoundsCould Nina shake up the unspoken rules of modern dating?Brand new comedy about love, friendship and being your own selfAttributioniPlayerWill the UK introduce tough anti-tobacco laws?Under new plans, anyone turning 15 from this year would be banned from buying cigarettesAttributionSoundsCan William Wisting find the truth?The Norwegian detective returns, tackling more grisly cold casesAttributioniPlayerMost Read1Nursery boss ‘killed baby she strapped to beanbag’2Birmingham Airport flights disrupted by incident3Muslim student loses school prayer ban challenge4First product of Meghan’s lifestyle brand revealed5MPs back smoking ban for those born after 20096Police told to shut down right-wing Brussels conference7Historic Copenhagen stock exchange goes up in flames8Bowen: Iran’s attack on Israel offers Netanyahu a lifeline9Marten a ‘lioness’ who ‘loved her cubs’, court told10Sons of McCartney and Lennon release joint single
[ad_1] The jars of strawberry jam, labelled America Riviera Orchard, have been shared with friends and influencers.