The Iran war has pushed oil prices above $100 a barrel for the first time since Russia’s invasion of Ukraine in 2022.
James and Alex are joined by Dharshini David, deputy economics editor, and Katya Adler, Europe editor and Brexitcast veteran, to discuss what the war means for the global economy and how the surging oil price might lead to higher inflation. Katya’s new series ‘Europe on the Edge’ is available to watch on BBC iPlayer now.
Meanwhile, in Iran Mojtaba Khamenei, son of the previous supreme leader Ali Khamenei, has been named as his successor.
Siavash Ardalan, senior reporter for BBC World and BBC Persian, joins James and Alex for a profile of the man now in charge of the Islamic Republic.
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0:00 Intro
0:39 Oil Prices Surge Above $100
1:18 Why Oil Prices Are Rising So Fast
2:07 Gas Prices and Inflation Fears
3:01 How Higher Oil Prices Affect You
5:00 Europe’s Economic Concerns
7:46 Could Countries Release Emergency Oil?
9:49 War’s Impact on the Cost of Living
11:32 Europe’s Security Pressures
12:39 Europe’s Attempt at a United Front
16:26 Europe’s Relationship With Washington
16:50 The King’s Possible US State Visit
19:00 Would the UK Ever Cut Trump Loose?
21:08 Europe’s Strategic Calculations With Trump
22:20 Markets React to Iran’s New Supreme Leader
23:45 Introducing Iran’s New Leader
25:00 What We Know About Mojtaba Khamenei
26:41 Supreme Leader vs President in Iran
31:46 Could Israel Target the New Leader?
32:49 Did Removing the Old Leader Change Anything?
33:07 Reaction Inside Iran
35:00 Iran’s Economic Crisis
37:40 Iran’s Long-Term War Strategy
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