The price of oil remains around a hundred dollars a barrel as the middle east conflict continues.

It comes after US President Donald Trump backed down on his 48-hour threat to "obliterate" Iran's energy facilities — if Iran didn't allow ships through the Strait of Hormuz.

• Guest: Edward Fishman is a Senior Fellow and Director of the Maurice R Greenberg Center for Geoeconomic Studies at the Council on Foreign Relations and author of 'Chokepoints: American Power in the Age of Economic Warfare'.
• Producer: Pip Cook, Grace Stranger