BBC World Business Report

Hostility fears escalate in the Persian Gulf

Loading player...
Are ships moving in the Persian Gulf and could it lead to the resumption of hostilities between the US and Iran? Andrew Peach finds out more on the latest developments and speaks to maritime expert Captain John Konrad.

Meanwhile, with two clubs celebrating joining the English Premier League, we hear about the financial challenges facing those joining football's elite.

And, why the success of the vintage clothing industry is attracting criminals.

Global business news, with live guests and contributions from Asia, Europe and the USA.

(Picture: Vessels in the Strait of Hormuz near Bandar Abbas, Iran, on 4 May 2026. Credit: Amirhosein Khorgooi / ISNA / West Asia News Agency, via Reuters.)
4 May 6PM English United Kingdom Business

Other recent episodes

Why is US consumer confidence at a record low?

US job numbers are rising and the stock market is booming near record highs. So why are consumers feeling so pessimistic about the economy? As a Mexican trade mission visits Canada, the two countries look to deepen economic ties. Also Instagram’s direct messages are no longer fully private, and gamers…
8 May 6PM 28 min

Donald Trump warns EU of new tariffs by July 4

Last week, the US President threatened to raise the tariff on the import of EU cars to 25% if the European Parliament delayed a new EU/US tariff agreement. The annual conference of ASEAN, the grouping of South East Asian states, is meeting in the Philippines with the shadow of the…
8 May 10AM 9 min

EU and airlines disagree on fuel shortage concerns

As airlines cut flights over high jet fuel costs the EU's transport commissioner says passengers must still be compensated. We hear from the Global Fashion Summit in Copenhagen on how the industry is responding to rising costs and supply chain issues. And would you sue for guaranteed access to a…
7 May 6PM 26 min

Air Asia boss admits high fuel costs are hard to manage

Tony Fernandes, the chief executive of the low cost carrier, has been speaking to the BBC. He says the current high fuel costs are more complex for the airline to manage than covid was. Danish shipping giant Maersk says it will be able to adapt if charges are introduced for…
7 May 11AM 10 min

How Ted Turner changed the media landscape

Ted Turner, founder of CNN died today. We hear from Brian Selter, CNN media correspondent and Lisa Napoli who was an intern in its early days to look back on his life and legacy. It’s also been another turbulent day with oil prices fluctuating dramatically as President Donald Trump believes…
6 May 6PM 27 min
All episodes