financial analysts were already concerned about global market volatility sparked by the russian military actions almost 20 months ago in ukraine. we are particularly keeping a close eye on the oil markets, of course, while israel and the palestinian territories are not oil producers, volatility in the general middle eastern region could disrupt output there in those parts of the world. let's get more from nick march. a rapidly unfolding development. oilseems a rapidly unfolding development. oil seems to be at the prime concern. what are you seeing at the moment? 50 the prime concern. what are you seeing at the moment?- the prime concern. what are you seeing at the moment? so far we have seen — seeing at the moment? so far we have seen a _ seeing at the moment? so far we have seen a jump _ seeing at the moment? so far we have seen a jump in _ seeing at the moment? so far we have seen a jump in the - seeing at the moment? so far we have seen a jump in the price - have seen a jump in the price of oil, about 4% for brent crude, one of the key pricing man sparks. as well know, the price of oil often reflects a geopolitical reality of what is

going on, replace concerns in factors might have an reflects uncertainty as to what various governments might do anything aftermath of these horrific attacks. as you mentioned, it is not because oil is produced in israel and gaza, for example, it is because in this region, about a third of the world's oil comes from the middle east, and the question now is what will israel's responsibly to these attacks? will it be limited, how long will it go on for? is that the risk of this spiralling? we have keep your political players around this region and central to that is a run. we have had potential uranian involvement in the these attacks. iran ——is important because they control the state of tom boyd with millions of barrels of oil is passing through it every day. even

iranians oil shipments have been up to a five year pipe in the past five years. will the united states allow this to continue if uranian involvement is proved. continue if uranian involvement is roved. ., ~ continue if uranian involvement is proved-— is proved. thank you very much for keeping _ is proved. thank you very much for keeping an _ is proved. thank you very much for keeping an eye _ is proved. thank you very much for keeping an eye out - is proved. thank you very much for keeping an eye out on - is proved. thank you very much for keeping an eye out on the i for keeping an eye out on the economic fallout of the conflict. well, i think the situation is still extremely fluid, and of course it will push up oil prices in this case. i think the real impact would be how sustained and prolonged high oil prices would be from this kind of geopolitical risk. clearly on the macro economic impact, the real issue will be the impact of high oil prices onto inflation. it's too early to put

an assessment there, but clearly short—term, high oil prices will drive financial markets clearly in the next few days. what is your sense, are we seeing also an increased interest in safe havens like gold and the us dollar? i think in this environment, of course, the dollar would actually do well, given that interest rates are extremely high in the us. other than that, you would also expect to see much more focused, particularly to us treasury, really because of uncertainty. i think treasury even in the near term provides a very high yield compared to even to gold for that matter. so in an environment of higher interest rates, stronger dollar, i think the us treasury looks much more attractive compared even with gold.

so i think in this environment, the flow of safe haven demand would actually very much go to the dollar and of course the us treasury. several international air carriers have suspended flights to tel aviv. they include british airways, lufthansa, as well as air france. us air carriers like united airlines, delta, and american airlines also temporarily cancelled direct flights to israel from new york, miami and washington, dc. gary bowerman, the managing director gary bowerman, the managing director of check—in asia says they will be more travel disruptions. yeah, there will be some impact. i mean, there are not a huge number of direct flights into the region, to and from israel, but some airlines impacted from china, india in particular — air india has evacuated its staff and cancelled its flights through the week until october 14th — hong kong, cathay pacific has cancelled its flights tomorrow. it said it is waiting to see what will happen for its thursday flight.

at the moment, airlines have to wait and see how the situation develops. they have very, very strong risk management protocols that kick into place once a war footing — which israel says that is what it's on at the moment — once that kicks into place, they have to look at the integrity of their aircraft, passengers and crew. everything related to the airline. this is a situation we just have to watch and see, and the airlines will be monitoring it extremely closely. we have seen evidence of that with several airlines cancelling flights to tel aviv. a macro picture, we have already seen the global economic slowdown hitting travel industry in a post—pandemic environment. how are the geopolitical tensions in the middle east impact a recovering travel industry? yeah, absolutely right. the airline in asia pacific are really starting to recover after those two years and in china's case three years of isolation internationally, they were starting to recover, the balance sheets were bruised for all carriers in the region and starting to recover,

but the macroeconomic uncertainty this will bring, particularly to oil and jet fuel prices, oil prices, that will bring uncertainty into the aviation industry. the problem also is there are concerns about escalation into the broader region of the middle east, and that would have a global economic impact. as your previous guest said, this is a case of watch and wait and see. at the moment, there will be jitters and nerves in the industry, for sure. events in israel and gaza raise any number of questions about what has happened, and what may happen next. our analysis editor ross atkins is looking at some of them. awarning, a warning, there are some flashing images in the story. let's start with the islamist militant group that carried out this attack. who are hamas? the name is an arabic acronym for islamic resistance movement. it is sworn to israel's destruction and its base is gaza, it has been in control there since 2007,

though since it has not held an election since, it is hard to gauge its support. president biden called hamas a terrorist organisation this weekend, and the eu, the uk and the us all categorise it this way. in the region, iran is hamas's primary backer. hamas told the bbc iran gave direct backing for this weekend's attack. hamas also has close relations with the militant group hezbollah in lebanon which shares a border with israel. israel knows all of this and more about hamas, which leads us to the next question, why didn't israeli intelligence know about the attack? the analyst colin clark described how israel has world—class intelligence collection and analysis capabilities, including using informers in gaza and surveillance drones above it. in the words of a former us counterterrorism specialist, it's almost inconceivable how they missed this. but they did.

and working out why is now a matter of urgency. our next question is whether this weekend is different to previous escalations. serious violent escalations between israel and the palestinians are not uncommon, but the scale of this hamas attack makes it different. israeli territory was infiltrated, over 700 israelis have died, as many as 100 hostages were taken. saturday was one of the deadliest days in israel's history, and the un middle east peace envoy said this is a dangerous precipice, and i appeal to all to pull back from the brink. this is different. and the scale of the attack leads us to how does israel respond ? already prime minister benjamin netanyahu talks of a long and difficult war. israeli air strikes in gaza, at least 400 people have been killed. military vehicles heading to the gaza border, and tens of thousands of israeli reservists being called up. as well as that, the us

defence secretary lloyd austin announced additional equipment and resources, including munitions, will be sent. israel's allies are offering solidarity and help. and while right now the focus is on the immediate threats from hamas, israel and its allies will also know that in the long—term, this attack will reshape how they seek to maintain israel's security. apart from the political implications we are keeping track of the economic fallout of the conflict. also looking ahead to what else is making use in the week ahead, annual meetings in morocco starting today with more than 10,000 delegates expected at the summit expected to address a range of issues including loans to countries in need. 0n the data front, we will be getting inflation figures from the

world's biggest economy so all eyes on the us as well. that is it for as a business report. stay on with bbc news. thank you for watching. bbc news, bringing you different stories from across the uk. doug has cystic fibrosis. 11 years ago he was on a waiting list, desperately needing a new pair of lungs. you can say, if i have it will it work? but you can also say with very, very great certainty, if i do not have it i will not be here any more. three years ago, in 2020, the law changed so that all adults in england are now considered as having agreed to donate their organs when they die, unless they have recorded a decision not to. but, despite the law change, the consent rate is down. it is very special to die in the circumstance that allows you to become a donor.

it is probably only about 1% of deaths in the uk. you're much more likely to need a transplant in your life than you are to die in the circumstances that allows you to become a donor. i would not have seen my son's birth. i would not be able to be part of my family, be with my friends. my donor's family were presented with such a difficult choice at such a difficult time and to have the courage to make that decision isjust remarkable and i will never be able to explain how grateful i am. for more stories from across the uk, head to the bbc news website.

bbc, bringing you different stories from across the uk. a lot has changed since rod leary started his apprenticeship in 1963. harold macmillan was the prime minister and the beatles had only just released their debut album. getting the lights back on, that's what it's all about, isn't it? putting lights back on. cos we rely on it nowadays, don't we? he is 75 now and has been working on the overhead power lines across kent and sussex for 60 years. i thought i'd be long gone by now. i thought the grim reaper would have come calling by now. but there we are, i'm still here. he is absolutely incredible and to think he is still doing

the job he does, we have not seen anybody else older and still going at a height like he does. still keeping the youngsters in check. the biggest moments of his career was the great storm in 1987, which took almost three weeks to completely restore the power. devastating for the network. it put the lines down, poles snapped off, transformers on the ground, it was a major job to get it all rebuilt. it's clear that nothing will be stopping him any time soon. i have no plans for retirement at the moment, so i'll keep plodding on. voice-over: for more - stories from across the uk, head to the bbc news website. hello and welcome to sportsday. i'm lizzie greenwood—hughes, here are the headlines tonight. india get their world cup campaign off to a strong start, beating australia. we'll tell you how they did it.

argentina beat japan to a place in the rugby world cup quarter finals. and arsenal finally beat manchester city in the premier league to go joint top of the table. hello and welcome to the programme. we'll start in india — where two heavyeights of the game met at the cricket world cup — as the hosts got their tournament off to a winning start against australia in chennai. australia won the toss, chose to bat and it wasn't the smoothest of starts, just two overs in and virat kohli took this brilliant catch to remove opener mitchell marsh for a duck. his replacement steve smith built up some momentum with david warner but they managed just 46 and 41 respectively on a slow

turning pitch. india eventually bowled them out for 199. so they looked like they had the advantage but their innings started even worse — two for three after just 12 balls, shreyas iyer caught by david warner here at deep square leg. in the end, india came out on top thanks to a kl rahul six, his partnership with virat kohli helping them to win by six wickets. ravindra jadeja says the home advantage helped. i knew the condition in chennai, i've been playing here for ten or 11 years so i know the condition of this ground. so i enjoyed it and whatever i contribute to the team i'm always happy. defending champions england face bangladesh on tuesday in their second match. but ben stokes is likely to miss that one with a hip injury, just as he did the heavy defeat by new zealand in

the tournament opener. stokes still appeared uncomfortable at training