across the sent shock waves across the energy markets. crude oil prices have been incredibly volatile on fears hostilities may escalate and destabilise the region that accounts for around a third of global oil supply. let's try to get the latest on the numbers. the benchmark brent crude currently is down by 0.19% but that goes to show the kind of movement we have seen in oil prices as it continues to respond to the developments in the middle east. the price has spiked more than $4 after how must launched the largest military assault on israel in decades. the bbc�*s middle east correspondent shimmy husky in dubai explains why investments are nervous about a long drawn out war in the region. there are two key concerns. the first is even though israel is not a major player in oil supply, the worry is that if this conflict spreads to other parts of the region especially you run then i could have an immediate

impact in oil prices because if you —— even though iran has been under solutions for the last years it been quietly providing oil to customers in the globe and the white house has turned a blind eye especially the last year or two because it's been trying to smooth relations between iran and the western world but now if the white house decides to enforce those sanctions, that means supply from iran would be cut off and coming at a time when oil supplies have been tightening because saudi arabia and russia, the two largest exporters of oil in the world, were also part of 0pec+ have collectively being reduced 1.3 million barrels of oil per day sincejuly and will get you to do so to the end of the and there is a good chance it may continue next year as well so if this happens there will be a scenario where there will be less oil supplier, more demand, and that leads to higher prices. major oil producers are

not directly involved in the conflict but it has still sparked uncertainty as far as oil prices are concerned. talking about that was a reporter covering crude oil markets in the middle east and asia pacific and she told me a short while back that yesterday's spike in energy prices may have been a knee—jerk reaction to the conflict. i knee-jerk reaction to the conflict-— conflict. i think the main reason is _ conflict. i think the main reason is that _ conflict. i think the main reason is that there - conflict. i think the main reason is that there is i conflict. i think the main . reason is that there is some fear that what's happened, there could be a fallout to the rest of the middle east countries so i think that's been the main reason why we saw the 4% increase immediately as we opened yesterday in asia time. so it is anyway a bit of a knee—jerk reaction but it is based on fears that it could escalate and your colleague mentioned, could, could we see repercussions on iran or the us

increasing or the sanctions on iran if they think that iran was involved and that could impact iran production exports. that's been the key thing right now that is pushing prices up. is there a way that oil importing nations can really insulate themselves against this instability that we are seeing? in this instability that we are seeinu ? , ., , seeing? in the short-term, very unlikel . seeing? in the short-term, very unlikely- it's _ seeing? in the short-term, very unlikely. it's hard _ seeing? in the short-term, very unlikely. it's hard to _ seeing? in the short-term, very unlikely. it's hard to turn - seeing? in the short-term, very unlikely. it's hard to turn to - unlikely. it's hard to turn to something else, an alternative, evenif something else, an alternative, even if they wanted to increase that gas usage for power generation, it's not some of you can immediately turn to. so unfortunately for a lot of the consuming countries they have to take it and hope that prices do not go even higher because obviously they would be worsley affected. if prices go up to $90, to $100, if it does. iran another producers? - $90, to $100, if it does. iran another producers? how do you the managing the situation which is developing, but how would they manage pricing and

output? would they manage pricing and outut? , ., output? one thing is right now the oil market _ output? one thing is right now the oil market in _ output? one thing is right now the oil market in terms - output? one thing is right now the oil market in terms of- the oil market in terms of supply is tight but it is because our voluntary cuts by mainly saudi arabia, so in the last couple of months since july saudi arabia has reduced its reduction by a million barrels per day, so if you look at it practically, right, and we are assuming that this event do not escalate and do not spread across the middle east, that there are still the possibility that, should be needed, arabia could probably put back a million barrels per day into the market, so if you just look at your numbers at the moment of demand and supply, the moment of demand and supply, there is a bit of a buffer in that sense. but turn our attention _ buffer in that sense. but turn our attention to _ buffer in that sense. but turn our attention to more - buffer in that sense. but turn our attention to more news l buffer in that sense. but turn i our attention to more news and moving to china where a us delegation of both republicans and democrats lawmakers have met with chinese president xi jinping with tensions between the two countries, both sides

are paving the way for a possible meeting between presidentjoe biden and president xi in november at the apec summit in california. the meetings, as beijing officials have been trying to get the world past mike single mothers economy back on track and have hopes the recent bank holiday, golden league, have pointed the recovery in the right direction. overthe recovery in the right direction. over the at holiday. we saw, those who could make nearly 12 million trips, and that's the domestic and international travel. it's not get a full from pre—pandemic days but 85% recovery rate have prompted several economists to be hopeful of an improved outlook for the world's second—largest economy. on that i spoke to china watcherjulian evans—pritchard and asked him what the latest figures mean. you have to remember where we were a few months ago earlier in the summer were really looked like the consumer recovery in china was fizzling

out. and possibly could even go into reverse stop relative to thatis into reverse stop relative to that is definitely encouraging we are seeing renewed momentum in terms of consumer spending, domestic tourism, and that comes on the back of broader size of this improvement as well, we have stronger retail sales data last month, we are seeing credit growth bottom out and we're seeing a step up in fiscal support. so i think on balance we are seeing signs that maybe we are past the worst for the chinese economy. would you say this is also a reflection of consumer confidence returning as well? yes, we are starting to see consumers perhaps be a little bit less cautious and i think one reason for that is that actually the labour market has held up fairly well. obviously there has been a lot of attention, a lot of focus on the very high level of youth unemployment in china, but that's a relatively narrow part of the workforce, just 6%, if

you look at the overall unemployment rate it's actually come down quite a lot since last year, it's not particularly high by historical standards and some of the survey —based evidence suggests it's continue to decline more recently. i think that resilience in the labour market is perhaps underpinning a bit more confidence among consumers and a greater willingness to spend as well and travel. can china hit _ spend as well and travel. can china hit the _ spend as well and travel. can china hit the 5x, _ spend as well and travel. can china hit the 5% growth target of the government has set for this year? it of the government has set for this year?— this year? it was looking like it will be challenging - this year? it was looking like it will be challenging a - this year? it was looking like it will be challenging a few. it will be challenging a few months ago but i think our data we are seeing, it is still within reach.— we are seeing, it is still within reach. let's get a round-up _ within reach. let's get a round-up of _ within reach. let's get a round-up of more - within reach. let's get a | round-up of more news. within reach. let's get a _ round-up of more news. american round—up of more news. american academic claudia golden has been awarded the nobel prize in economics of her work on women's employment and pay. the 77—year—old teachers labour market history at harvard university. the royal swedish academy of sciences said her research advanced our understanding of women's labour market outcomes. she is the

first woman to receive the prize and first do not share the award with male colleagues. samsung electronics says that what a prophet is expected to drive 80% from a year earlier due to an ongoing global chip cut. the world's the maker of memory chips, smartphones and telephones will present results on wednesday after output cut of april. analysts said they slashed more production in the third quarter to reduce inventory and whether the worst industry downturn in decades. the animal meetings of the world bank and international monetary fund are under way in morocco's marrakech as the global economy faces challenges like inflation and rising interest rates. the imf will release its biannual world economic outlook report later in the day and earlier this year it said it expected the global economy to grow by 3% in the next five years, the slowest in more than two decades. she has the company weight watchers have jumped

after its board member and most famous spokesperson oprah winfrey clarified earlier is to embrace popular weight loss drugs like mozambique. all it took was a partial comment. what oprah winfrey said in a recent event that prescription weight loss drugs seemed like a, quote, easy way out, investors raise an eyebrow. she by watchers fell 15%. the company for the success on dieting and counting points for food. investors want to know if the company can position itself to ride the wave. in a statement of the wall street journal is winfrey sather, it was misconstrued and taken out of context. she caught prescription weight loss medication, quote, unimportant and viable option for people struggling with weight and health. with that shares of weight watchers international jumped, closing 13% at the end of trading on monday. shares have been on the upswing since weight watchers paid more than

$100 million to acquire the telehealth company sequence. it enables it to prescribe weight loss drugs to customers directly. but all for now. stay with bbc news. voice-over: bbc news, - bringing you different stories from across the uk. i suppose getting towards the end of my pr london career 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 sets the global standard for botanic gardens. it is among just ten in the uk. it gives you that recognition

that you have achieved a level that means that you... 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 merely guardians and you are here to preserve what nature has provided for future generations. trees are the focus of a series of events at the gardens this month called arbor. it is really a celebration of trees and what trees give us and how trees inspire us, how they shelter us, how they feed us. am i a crazy tree person? yes. hey, iam hey, i am zoff with the catch up. tonight euro 2020 eight posts to be revealed and big brother returns and an early halloween surprise. but first

you properly have seen distressing news concerning conflict in the middle east. it's happening on the border of israel and gaza which were hit on saturday. a lot has happened over the past couple of days so let's try to break this down for you so far. more than a hundred people have been killed in israel since the initial attack by militant group hamas. they include 260 people at a music festival, more than ten british citizens are feared dead or missing in israel. israel has retaliated by bombing gaza who say nearly 600 people there are debt. this is the moment hamas arrived in advance at the supernova music festival quickly began shooting at people. some other stories now. the uk and ireland will be announced as the hosts of the 2028 european championships at me meeting in switzerland on tuesday. is no 5—nation bed is now running unopposed after

turkey withdrew from the process last week. the iconic big brother has returned to our tv screens after five years and the first episode on sunday evening was watched by more than 2.5 million people. i am super excited to be fair to see how the drama unfolds in the coming weeks. time now for ten seconds of smashing pumpkins. that's right, following is of course swimming. the oregon zoo kicked off celebrations by offering pumpkins to all the different animals. as you see, they are delighted for the early celebrations. that is a super adorable. you are all caught up now. see you later.

hello and welcome to sportsday. i'm sarah mulkerrins. coming up the programme... the winning start continues — another comfortable victory for new zealand at the cricket world cup. carlos alcaraz has to work hard against dan evans to make progress in shanghai. and a double for matt fitzpatrick, as his mum helps him take two titles at st andrews.

hello, there. we start with the cricket world cup, where another convincing display from new zealand saw them make it two wins from two, to maintain their perfect record. they beat the netherlands by 99 runs, following up from their victory over champions, england, in their opener. drew savage reports. new zealand impressed in their first game against england, while the dutch had given pakistan a praet in theirs, but the crowd in hyderabad largely stayed away. they missed more quality kiwi batting. devon conway and will young got on top of the game from the start. rachin ravindra also impressed. seven different players hit a six — it's eight years since a team last did that at a world cup. a late flurry from mitch santner helped set

the netherlands a target of 323, which they've never