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Oil at $75 as Iran Sanction Fears Mount

The price of Brent crude oil has hit its highest level in more than three years.

The price of Brent crude oil has hit its highest level in more than three years. Amir Paivar is business editor for the Βι¶ΉΤΌΕΔ Persian service, and explains how US president Donald Trump's concerns over the Iran nuclear deal partly explain the rise. And we get wider context from our regular economic commentator, Roger Bootle of Capital Economics. Also in the programme, it's the fifth anniversary of the Rana Plaza garment factory disaster in Bangladesh. We find out how much safety standards for factory workers in the country have changed since, from Christie Miedema of the Clean Clothes Campaign, and Rob Wayss, executive director of the Accord on Fire and Building Safety in Bangladesh. We have a report from Barcelona, Spain, on a row that has erupted since the ride-hailing app Uber recently established operations in the city for the first time since 2014. Plus, the global record industry says it earned more money in 2017 from online streaming than it did from downloads or physical sales. Adam Granit is executive vice president of market development at Universal Music Group, and tells us what impact the shift to streaming is having on the industry.

(Picture: An Iranian oil facility. Getty Images.)

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27 minutes

Last on

Tue 24 Apr 2018 14:32GMT

Broadcast

  • Tue 24 Apr 2018 14:32GMT