World Business Report

Middle East crisis: Israel bombing Beirut

Israel bombards Beirut and Tehran and many people are being displaced. We hear from the restaurant owner keeping the ddors open for her customers despite the explosions. Also, Ed Butler finds out why hundreds of trafficked workers were released from scam centres in Cambodia, only to end up wandering the streets of the capital without a way back home. And we dig into the growing numbers of young Roblox millionaires.

US allows Russian oil sales to tackle rising prices

The US treasury secretary, Scott Bessent, says he will grant India a 30-day waiver to buy sanctioned oil from Russia to help ease supply concerns in the global market. It comes as the Qatari energy minister warns that all energy producers in the Gulf region could shut down exports within weeks. Plus - we hear from Nepal where votes are being counted in what’s being dubbed the young versus old election.

The economic hardship for Iran and its citizens

What do people in Iran think about the war? We hear from Iranians across the country who tell us how life is changed. Also, we look at the life of foreign workers living in neighbouring countries, hearing from two Indian construction workers from Qatar. We ask how they are feeling since the war started. But others are willing to pay over $250,000 just to escape from the United Arab Emirates.

Can Gulf countries export oil before storage runs out?

As global oil prices continue to climb, crude oil supplies from Iraq and Kuwait could stop shipping within days if travel through the Strait of Hormuz remains virtually halted. Plus, China cuts its economic growth forecast to the lowest level since 1991.

How are shipping delays at the Strait of Hormuz impacting global business?

The US-Israel war with Iran brought the crisis in global shipping. We hear how it's affecting seafarers and speak to the Head of the International Maritime Organisation. Also, all provinces in Iraq have experienced a power blackout, which the government has attributed to a technical fault. We get the latest from Baghdad. And how a bag of money on a runway caused havoc in Bolivia.