World Business Report

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 they’re nearing a deal with Iran.
Aluminium hit a four-year high due to the Middle East conflict too. How will this affect the price of cars and canned goods?
And with six weeks to go before the Fifa World Cup, hotel booking across the USA are seeing lower hotel bookings than expected.

Oil prices drop after reports that the US and Iran are close to a peace deal. Donald Trump says the war could end with an agreement, and warns strikes will return if not.
From the Gulf, we hear how the conflict is already reshaping investor thinking.
India is chasing $20 billion in trade with Vietnam as leaders from both countries meet to deepen economic ties.
And are weight‑loss drug makers facing a new dose of competition?
Presenter: Bisi Adebayo
Producer: Niamh Mc Dermott

With the US and Iran trading fire in the Strait of Hormuz, the ceasefire wobbling and oil prices continuing to rise, Sam Fenwick discusses the latest developments as the situation in the Persian Gulf continues to fray.
We hear from Nikolas Tsakos, founder and CEO of one of the world's largest independent tanker operators, as well as trade union representative Sascha Meijer, on what this means for those stuck on tankers in the Middle East.
Elsewhere we tell you why the price of oil you hear on the news may be misleading, and what it could mean for your fuel bills if the US-Iran conflict drags into next year.
Plus, with fashion retailer GAP's co-founder Doris Fisher passing away, we speak to Catherine Shuttleworth on changing fashions of the high street.
Global business news, with live guests and contributions from Asia, Europe and the USA.
(Picture: US secretary of state Marco Rubio discussing the situation in the Strait of Hormuz within the James S. Brady Press Briefing Room at the White House in Washington DC, USA, on 5 May 2026. Credit: Kylie Cooper / Reuters)

The ceasefire between Iran and the US is looking increasingly fragile after another day of attacks in the Strait of Hormuz. As tensions rise, so are concerns about the welfare of the 20,000 seafarers believed to be stranded around the passage.
In Brussels, European finance ministers have been meeting to discuss the economic impact of the war.
And why is the Met Gala, fashion's biggest night under a controversial spotlight?
Presenter: Bisi Adebayo
Producers: Niamh Mc Dermott and Barbara George

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.)