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World Business Report: First broadcast 2020/01/06 15:32 GMT: Tensions escalate between the US and Iran

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First broadcast 2020/01/06 15:32 GMT

First broadcast 2020/01/06 15:32 GMT: Tensions escalate between the US and Iran

Tensions escalate between the US and Iran

BBC World Service - World Business Report, Tensions escalate between the US and Iran

Tensions escalate between the US and Iran, with investors flocking to gold.

Days after the killing of Iran's most powerful military commander, General Qasem Soleimani, tensions continue to escalate with the US and Iran trading threats, the oil price spiking and investors flocking to the safe haven of gold in anticipation of conflict. Sarah House, Senior Economist for Wells Fargo and Larry Shover, Chief Investment Officer at Efficient Advisers, join the show to discuss what this flashpoint could mean for stability in the Middle East and for the global economy.
Also in the programme, the BBC’s Mike Powell takes a close look at alleged incidences of “fume events” on planes, which might have consequences for crew and passenger safety.
And we look back at the life of legendary South African entrepreneur Dr Richard Maponya, widely regarded as the country's first black tycoon, who passed away at the age of 99.
(Picture: Iranians tear up a US flag during a demonstration in Tehran on January 3, 2020. Picture credit: ATTA KENARE/AFP via Getty Images)

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First broadcast 2020/01/06 15:32 GMT: Tensions escalate between the US and Iran

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