World Business Report
Analysis of the big global business and economic issues, as they affect consumers and investors. Broadcast on weekdays.
First Iranian oil for India in seven years
For the first time in seven years, India has bought its first cargo of Iranian oil. India hasn't purchased any Iranian oil since 2019 because of US sanctions, but those restrictions were waived last month. Leanna hears from the BBC's Archana Shukla. Plus, its a big day for K-pop fans…
Shipping companies still reluctant to pass through Strait of Hormuz.
Reopening the Strait of Hormuz, an important global waterway, is part of the ceasefire agreement, as announced by the US government, but late on Wednesday, Iran warned that ships crossing the waterway without permission would be “targeted and destroyed”. Sam Fenwick will hear from Nils Haupt, the Head of Corporate…
What the US-Iran ceasefire means for oil prices, flights and bills
The US and Iran have come to a temporary ceasefire, but for many businesses and consumers, the pressure may be far from over. Hundreds of ships are still backed up in the Strait of Hormuz, with many waiting for clearance from Iran before they can move. Plus, what it means…
Trump's Hormuz deadline looms
A countdown is underway as President Trump says 'a whole civilisation will die tonight' in Iran without a deal to fully re-open the Strait of Hormuz. Plus, we return to Cambodia's scam centres with a rare visit inside. And is Universal Music which is home to Taylor Swift, about to…
Ten days of Ukrainian drone strikes reduce Russia's seaborne crude oil exports
Over several days, Ukrainian drones have repeatedly struck oil export facilites in Primorsk and Ust-Luga in the Baltic Sea, and Novorossiysk in the Black Sea. Seaborne exports of Russian crude oil have been reduced as a result. Troubled airline Air India is on the lookout for a new CEO after…
Trump gives Iran threatening deadline to reopen the Strait of Hormuz
United States President Donald Trump said the US will target civilian infrastructure if Iran doesn't open the Strait of Hormuz. He has given Iran a deadline of tomorrow to reopen the passage. But what happens if that deadline passes? And why are some vessels already allowed to pass through? Meanwhile,…
Japan hints at talks with Iran as Middle East tension grows
Japan relies on the Middle East region for over 90 percent of its crude oil imports. Most of these imports transit the Strait of Hormuz, which Iran has effectively closed. Amid heightened geopolitical tensions in the Arctic, the United States has ordered a new fleet of icebreakers that will be…
Is the Strait of Hormuz opening up again?
After weeks of disruption in the Middle East, ships are starting to move again through the Strait of Hormuz, a vital route for global trade and fuel supplies. But it’s still a fragile return, and the risks remain high for companies and crews. We’ll hear how the conflict is affecting…
French container ship reportedly passes through Strait of Hormuz
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…
SpaceX eyes take off with over $1 trillion valuation
Elon Musk’s SpaceX is preparing to go public. Could it become one of the world’s most valuable companies? One year on from “Liberation Day”, when sweeping tariffs reshaped global trade, we ask who’s winning and who’s paying the price. And from bankruptcy to comeback, Leanna Byrne speaks to the boss…