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 marsh. a rapidly unfolding development. what are you seeing at the moment? the price of oil tends to reflect geopolitical risk, uncertainty and we're seeing a lot of that now. as we just saw on the screens, the price of brent crude has gone up nearly 5%, over $88 a barrel, not because, as you pointed out, israel and the palestinian

territories are oil producers, but because the middle east is such a huge oil producer as a region, about a third of the world's oil comes from this region it is what people call the wall risk premium. you have all these interconnected players, pieces of the puzzle, the question is now whether israel's response of these attacks can be limited, how long will it last, is going to dragon diplomatically other regional players, so that is really what is contributing to the volatility. a lot of talk about iran, that critical to a chokepoint. reports of uranian involvement in these attacks. —— iranian. it should be pointed out antony blinken has said there is no evidence to suggest any iranian involvement so far but it plays into this atmosphere of uncertainty and

basically not really knowing what happens next. and that really is reflected in things like the price of oil. find really is reflected in things like the price of oil. and very briefl , like the price of oil. and very briefly, we're _ like the price of oil. and very briefly, we're looking - like the price of oil. and very briefly, we're looking at - like the price of oil. and very briefly, we're looking at oil l briefly, we're looking at oil but of course some flight cancellations as well. what is the latest on that? it cancellations as well. what is the latest on that?— the latest on that? it is a very fluid _ the latest on that? it is a very fluid situation. - the latest on that? it is a i very fluid situation. several airlines cancelling flights into tel aviv. american analyst, air france, lufthansa, mres and us, plenty cancelling flights into tel aviv. —— american airlines. some flights going into the second busiest airport at the moment and concerns from countries trying to get people out. we will keep you posted throughout the rest of the day. thank you very much for getting us up—to—date with the updates. for getting us up-to-date with the madam-— the updates. investors are lookin: the updates. investors are looking to _ the updates. investors are looking to investment - the updates. investors are looking to investment like| the updates. investors are - looking to investment like gold as well as the us dollars and safe bet and

let's bring injames cheo from hsbc bank, gave me a sense of what is to come. 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. 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. james, there is a very real apprehension that this could be a long, drawn—out prolonged war. we have seen the kind of statements being made by leaders in the region.

if that is to happen, and that is a real apprehension, what is the impact you sense here in the asian markets? it's hard kind of to put an assessment there, but i think near term, there will be quite a bit of caution right now. and of course the big driver for asian markets would be clearly the higher rates in the us. if this uncertainty especially creates some of the safe haven close to the us treasury, that might create a bit of stabilisation in the bond market, that we saw over the last week and a half. nevertheless, really, in asia, it depends on the economy. so far we are seeing some bottoming out in the growth trajectory, especially in china. so i think there are some kind of green shoots, but at the same time, we are also witnessing some

of this headwind. so at this stage there will be a bit of nervousness, we will want to see a little bit more clarity, particularly on the economic data and also developments associated with geopolitical uncertainty, but near—term it's going to be a little bit unpredictable and uncertain. as we mentioned earlier, airlines are facing disruption. this after the disruption for the pandemic. yeah, there will be some impact. 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. 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 what support it has. 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 are being called up. as well as that, the us defence secretary lloyd austin has 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. they seek to maintain israel's security. it isa it is a developing story we're keeping a close eye on. but we're also looking ahead to other stories likely to develop in the week. the international monetary fund and the world bank will begin their meetings in morocco starting today at 10,000 delegates are expected at that summit expected to address a range of issues including lines to country which are in most need. 0n the data front, we are also likely to get inflation figures from the world's biggest economy on thursday, developments out of the us which should provide clues on whether the us federal

reserve is done with its rate hike cycle for the rest of the year. that is all for the moment, stay on with bbc news for more updates. voice-over: bbc news, - bringing you different stories from across the uk. she was born in 11 years ago and it is now award—winning. made by hand using all british products and sold in recyclable jars and tasted by customers using wooden chip fog is not plastic spoons which they decided to bring in four years before the government's official ban. it before the government's official ban.— before the government's official ban. , . ., official ban. it is what we all should be — official ban. it is what we all should be aiming _ official ban. it is what we all should be aiming to - official ban. it is what we all should be aiming to do - official ban. it is what we all should be aiming to do but. should be aiming to do but there are complications in that, sourcing, price, and bringing in laws like that do not help. bringing in laws like that do not help-— bringing in laws like that do not hel. , ., . not help. government research shows two _ not help. government research shows two -7 — not help. government research shows two .7 billion _ not help. government research shows two .7 billion pieces - not help. government research shows two .7 billion pieces of. shows two .7 billion pieces of plastic cutlery like this was

used in england alone last year and 720 million plastic plates but only 10% got recycled. much of it and that managing our planet as it takes hundreds of years to break down and that is why, from now on, businesses can no longer supply, sell or offer certain single—use plastic items. 50 offer certain single-use plastic items.— offer certain single-use lastic items. ., ., , plastic items. so the ma'ority of small businesses h plastic items. so the ma'ority of small businesses to h plastic items. so the majorityl of small businesses to support the route to net zero but the challenge is, it's additional legislation and additional costs without an awareness campaign. costs without an awareness campaign-— campaign. she believes businesses _ campaign. she believes businesses should - campaign. she believes businesses should be . campaign. she believes- businesses should be punished but encouraged to replace plastic. —— should not be punished. voice-over: for more - stories from across the uk, head to the bbc news website.

voice-over: bbc news, - bringing you different stories from across the uk. i suppose getting towards the end of my pr london korea i thought, where should i go? what should i do to and my living in one of the things i really enjoyed doing was gardening so i went to college. the garden monique has created here has just been accredited by the organisation which set the global standard for botanic gardens. it is among just ten in the uk. it gardens. it is among 'ust ten in the that gardens. it is among 'ust ten in the wet in the uk. it gives you that recognition _ in the uk. it gives you that recognition that _ in the uk. it gives you that recognition that you - in the uk. it gives you that recognition that you have l recognition that you have achieved a level that means

that you don't make it is hard to describe... that you are as best as you can be. botanic gardens or whether you are a national connection, you are guardians and you are here to preserve what nature has provided for future generations. provided for future tenerations. , ., generations. trees are the focus of — generations. trees are the focus of a _ generations. trees are the focus of a series _ generations. trees are the focus of a series of - generations. trees are the focus of a series of events | generations. trees are the i focus of a series of events at the gardens this month. it is reall a the gardens this month. it is really a celebration - the gardens this month. it is really a celebration of - the gardens this month. it 3 really a celebration of trees and what trees give us and how trees inspire us and how they shelter us, how they feed us and my crazy tea tree person? yes. 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 and the tricky outfield at the ground in dharamsala