roz matheson with the details in terms of how the u.s. and allies are preparing around risks in the region. roz matheson, thank you. mary nicola joins me for the market reaction. we have the data out of the u.s. later but we will start on the oil story. we are seeing softness in the session but still around $81 a barrel. to what extent is about -- is this about the pricing around oil versus the details around softer demand when it comes to rent -- took brent? >> there is still that premium we are getting on oil prices as a result of geopolitical risk that is likely to linger especially when you have these tensions escalating between israel and iran and the fact that there is this lack of confidence of how this can evolve so you are going to see oil prices remain elevated without overhang still around and add onto that from the other side softening demand, weakness out of china or a slowdown in growth from the u.s.. there is a pull for demand for demand to go lower but as long as we have these geopolitical risks lingering, that risk premiu