israel has been preparing for reltaliation by iran and the hezbollah for nearly two weeks, after the assassination of a hamas leader in tehran. for more on the outlook for oil markets, let's bring in energy expert mukesh sahdev. we do believe that the oil price will continue to be volatile in this 80 a barrel range. i know that there is a law on the geopolitical side and right now expectations are higher escalation is probably helping. i think if you talk about fundamentals i want to make two very important key points on how to see the crisis was up one, i believe the 0pec maths is some pat lee max somehow 0pec maths. the oil

leaking into the market is probably then gets counted for the probably escalation could of got higher. i think there is more oilflowing into of got higher. i think there is more oil flowing into the market then gets counted the second important factor, we saw this in earnings on what i would call downstream of the new upstream for the middle east. they have commissioned big refineries almost plus 2,000,000—dollar capacities. the putting almost $1.5 million more product into the market. it's effectively sending crew to the rest of the world. that keeps the oil prices from rising high for the i guess the oil price is not good in 0pec plus unity because it would start noncompliance and other things are happening. i would say 80 to 90, more than the price for the watch the fluctuation in the market. that's what 0pec is targeted.

speaking of 0pec they have lowered their expectations for oil demand coming out from china. ~ ., oil demand coming out from china. . , ., ., , china. what year-round up on that front? | _ china. what year-round up on that front? i would _ china. what year-round up on that front? i would say - that front? i would say that's a very symbolic from two—point 45, a very symbolic from two—point a5, which they kept since last july, 22—point that's very symbolic. i don't read much into that. i was last week in china and i think beijing is buzzing, i would say. i believe that yes, there is weakness sentiment narrative from china. we still believe that the chinese demand will turn out to be quite 0k and not that week. year on year our numbers for demand growth is about 2 million barrels, which is almost £1 million lower than what 0pec has put out. i guess that's more political or an optimistic statement rather than any demand outlook which doesn't change for 12 months in a row. doesn't change for 12

months in a row. the european union's digital commissioner, thierry breton, has fired a warning at elon musk, ahead of his interview of republican presidential nominee donald trump, which is due to take place on the platform x in a few hours. breton posted a letter on x warning musk not to promote hate speech and to respect the laws of the eu, where a third of the platform's users are based. mr musk then responded with an obscene meme. tech giant meta has just inked a multi—year deal with universal music. the new agreement will allow music from its artist to be shared across mentors platform including messaging platform whatsapp and virtual realities like meta— quest. the companies are also looking to combat unauthorised ai generated content that can impact music artist. the latest deal builds upon the previous agreement that universal music group that meta signed in 2017. staying in the us — this week,

the world's largest home improvement chain home depot and retail giant walmart will be releasing their quarterly results for april to june. both retailers have always been popular with us consumers. but with the rising cost of living in the us, their latest report cards could provide clues on the health of the us consumer. for more let's bring in market watcher 0livier d'assier. this is getting ahead an important week for that we have sales and earnings from home depot and walmart and a few others. this is all going to be about the consumer in the us and how much are they holding back, how much budgeting as a making right now. we have also the inflation report coming out on wednesday. that will tell us whether or not more pain is coming for the consumer or not or whether inflation is still declining enough to allow the fed to cut rates in september and by how much for the people of already priced in three to four cuts, that's about twice

as much as many cuts as they predicted only a month ago. they are really hoping that inflation comes out on the right side. in other words, down. 0therwise right side. in other words, down. otherwise you might see another overreact.— another overreact. speaking of inflation data _ another overreact. speaking of inflation data expected - another overreact. speaking of inflation data expected this - inflation data expected this week where do you think it is headed? ., ., , ., ., , headed? for months and months its core inflation, _ headed? for months and months its core inflation, months - headed? for months and months its core inflation, months and - its core inflation, months and months if that stays at zero point to that mutual hate your 2% and—year—old target for them i think that will be the focus for the fed and for markets. the last 12 months ago, july 2023 numbers are zero point to a _ 2023 numbers are zero point to a — three some like that. they should be somewhat easy to beat or at least to match. that shouldn't cause too much panic. sentiment is very bar right now. it's been bearish for ten days, which means investors are prone to overreaction. let's hope there's no disappointment

on this front. starting this week, indian trains will begin plying the world's highest single arch railway bridge. it's part of a crucial rail connectivity project that links indian—administered kashmir with the rest of india for the very first time by rail. the bbc�*s nikhil inamdar has been taking a sneak peek and has more on what this project means for the economy of kashmir. this is india's new showpiece railway bridge it will connect remote india cashmere but the rest of the country for the very first time by train. this is a truly imposing structure. the bridge runs a full 1.3 km over the river. just to give you a sense of how high it is, take a look down there. that's the riverbed and it's about 359 metres write to the top. just for comparison, that is about 35 metres taller than the

eiffel tower. built by the indian railways it is a link the government hopes will bridge long—standing barriers in this heavily militarised region. india has seen a continuing standoff with pakistan over kashmir and a decade—long insurgency in the region. this rail link will be crucial during peacetime and in conflict. ~ �* ., conflict. we've got the strategic _ conflict. we've got the strategic military - conflict. we've got the l strategic military option conflict. we've got the i strategic military option it can permit the transport of military personnel and aching round to the water areas, which would make a significant contribution to strengthen our water security. find contribution to strengthen our water security.— contribution to strengthen our water security. and then there is the economic _ water security. and then there is the economic impact. - water security. and then there is the economic impact. as - water security. and then there is the economic impact. as a l is the economic impact. as a storage facility road blockages and landslides during transport are a major concern for food growers. seven in ten cashmere people depend on farming of

perishable fruit for the we have three kinds of storage. he owns the warehouse and says the alternative to send produced by train could be a game changer. 0ur train could be a game changer. our only dependency right now is the — our only dependency right now is the highway. we will have access— is the highway. we will have access to _ is the highway. we will have access to the free markets, it may— access to the free markets, it may result in parts of india. that — may result in parts of india. that will_ may result in parts of india. that will have more demand and it will_ that will have more demand and it will help the power. cashmere is often called a paradise of earth. it's breathtaking scenery has long been a draw for torres. arrivals are up 30% on the first half of this year. and the trains could bring in even more people. but a recent spurt of militant activity as a reminder of the fragile nature of the space. without better

connectivity will only go so far in bringing about an economic revival to the region. india's danny group passive aggressive wiping out market value. the move followed a new report from us short seller hindenburg research which occludes the dues accuse the bosses capitals regulator of having conflicts of interest that prevented in—depth fraud allegation. a donnie enterprises will become the larger share of bt group after by a 25% stake in the country. that state belongs to telecom tycoon whose group has been struggling with high debt levels the exposition cost 2a saying it has no plans to buy the rest of the uk company. india's retail inflation fell below their central banks target for the first time since

2019 for the prices rose 35% in july, slightly below the banks target for the like most of the world india has been trying to combat high inflation, the countries cost of buying rate currently sits at 6.5%. countries cost of buying rate currently and that's it for this edition of business today. thanks for watching.

hiya. i'm betty with the catch up. tonight — miley cyrus is a legend. water on mars and a flamingo adoption. a man who fatally stabbed three people in nottingham last year was identified three years previously as a potential killer. calocane's mother and brother have told bbc panorama that this was one of a series of missed opportunities over three years that could have prevented the killings. the doctor treating valdo calocane, warned of the severity of his mental illness and was diagnosed with paranoid schizophrenia in 2020. calocane went on to murder ian coates, barnaby webber and grace 0'malley—kumar and if you want to find out more, you can watch panorama. the nottingham attacks a search for answers on bbc one and on the bbc iplayer. next, some more water

has been found on mars. we already knew there were large amounts frozen at the planet's poles. but scientists have discovered a reservoir of liquid water on the red planet. the researchers have said that the ground water detected could cover the entire planet to a depth of about a mile. now, this is an emotional one. miley cyrus rose to fame as hannah montana when she was 13 in 2006. and she's now become the youngest ever star to receive disney legend status. she received a standing ovation from 12,000 people when she collected her award, as she should. time now for 10s of a flamingo adoption. curtis and arthur a same sex pair of flamingos from devon zoo, have successfully hatched an egg. it's not known exactly how they got the egg, but it's in safe hands — or beaks. now you're all caught up. have a good night.

hello and welcome to sportsday — i'm 0lly foster. team gb have their homecoming with 65 olympic medals, but should they have brought more golds back from paris? tom daley signs off with silver, a fifth 0lympic medal and he says paris was his fifth and final games. i'm really happy with how everything's gone. i just think it's always hard when you say goodbye to your sport.

and from manchester to madrid — julian alvarez leaves the premier league champions — to join atletico for over £80 million. the summer olympics are overfor anotherfour years, some athletes will be revelling in their paris achievements before plotting the path to la 2028, others will be wondering whether they can go through it all again. the majority of the team gb squad returned to london on monday, with many of the 65 medals on show — but only 1a of them gold — their lowest total since 200a. our correspondentjoe wilson was at st pancras for the homecoming.