Oil prices climb after Saudi Arabia and Russia extend supply cuts

The cost of oil jumps above $90 a barrel for the first time in 2023. We look at the reasons and the consequences this can have across the world. A new law has taken effect in New York City that restricts short term rentals through platforms such as Airbnb and VRBO. We find out the details and talk to an Airbnb host about the implications. And we hear about the Belgian government's initiative to put pressure on banks to get them to raise interest rates on deposits. But will it work? Rahul Tandon discusses this and more business news with two guests on opposite sides of the world: Dana Peterson in New York, who is the Chief Economist & Center Leader of Economy, Strategy & Finance at The Conference Board, and Jessica Khine in Singapore, who is a Corporate Advisor for a boutique in Japan called Astris Advisory. (Picture: An oil and gas pump jack near Granum, in Canada. Picture credit: Reuters)