BBC World Business Report

French container ship reportedly passes through Strait of Hormuz

Loading player...
Several sources are reporting that a French-owned container ship has successfully braved the troubled Strait of Hormuz. The CMA CGM Kribi is believed to be the first western vessel to pass through the passage since the outbreak of the US-Israeli war against Iran. It was not immediately clear how the vessel secured safe passage.

It comes as Iran carried out two attacks on commercial plants in Kuwait and Abu Dhabi

Also there's better-than-expected jobs news for the US. And we hear from a trade expert who examines President Trump’s latest tariff announcements of up to 100% on some imported medicines.

And why the price of chocolate is remaining stubbornly high

Presenter: Gideon Long
Senior Producer: Craig Henderson
3 Apr 11AM English United Kingdom Business

Other recent episodes

Jet fuel warning in Europe

The head of the International Energy Agency Fatih Birol says the blockade in the Strait of Hormuz could trigger what he calls the largest energy crisis the world has ever faced. He's warned Europe may have as little as six weeks of jet fuel left. It comes as airlines across…
16 Apr 6PM 26 min

Could Europe have ‘maybe 6 weeks of jet fuel left’?

That’s a warning from the International Energy Agency boss, Fatih Birol as the Middle East conflict continues to disrupt energy supplies. So what could that mean for airlines and travel? Plus, how did China’s economy grow by 5%, faster than expected despite the Iran war? And Australia’s fuel supplies face…
16 Apr 11AM 8 min

Trump threatens to fire Fed chairman

President Trump has threatened to fire US Federal Reserve chair Jerome Powell if he does not step aside next month, raising concerns over central bank independence and market uncertainty. Pakistan remains involved in diplomatic efforts over the US, Israel and Iran conflict, as questions grow over whether this could bring…
15 Apr 6PM 26 min

Pressure on US to ease global economic pain

World finance ministers meeting in Washington have been voicing their anger and frustration at the US because of the financial strains being placed on the global economy caused by its military offensive in the Middle East. Rachel Reeves from the UK described the US-Israeli war with Iran as 'folly' while France's…
15 Apr 11AM 8 min

IMF warns conflict could tip global economy into recession

With the Global recession warning from the International Monetary Fund, Andrew Peach looks at rising oil, gas and food prices, and how they could force central banks to keep interest rates higher for longer. Also, European airlines call for emergency support as the conflict disrupts aviation. And we ask whether…
14 Apr 6PM 26 min
All episodes