Trump is bombing Iran. Oil prices are volatile. Is the world heading for recession? Oil prices peaked after the US and Israel started their war on Iran. Around a fifth of the world's oil supply relies on one tiny shipping lane in the Middle East called the Strait of Hormuz, and shipping firms are refusing to use it for fear of attack. Meanwhile, Britain remains in the grip of inflated prices and shoppers fear the war in Iran will only make things worse. Anoosh Chakelian and Will Dunn discuss how the Iran war will impact the global and the UK economies, and what – if anything – the Labour government can do about it. READ: <a href="https://www.newstatesman.com/international-politics/2026/03/oil-prices-mean-starmer-must-raise-tax-or-face-recession" rel="noopener noreferrer" target="_blank">Oil prices mean Starmer must raise tax or face recession</a> LISTEN AD-FREE:📱<a href="https://www.newstatesman.com/politics/2022/06/newapp" rel="noopener noreferrer" target="_blank">Download the New Statesman app</a> MORE FROM THE NEW STATESMAN:❓ <a href="https://www.newstatesman.com/podcasts/2022/10/you-ask-us" rel="noopener noreferrer" target="_blank">Ask a question</a> – we answer them every Friday⏰ <a href="https://morningcall.substack.com/subscribe" rel="noopener noreferrer" target="_blank">Get our daily politics newsletter</a> every morning✍️ <a href="http://saturdayread.substack.com/subscribe" rel="noopener noreferrer" target="_blank">Enjoy the best of our writing</a> via email every Saturday<hr> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

Trump is bombing Iran. Oil prices are volatile. Is the world heading for recession? Oil prices peaked after the US and Israel started their war on Iran. Around a fifth of the world's oil supply relies on one tiny shipping lane in the Middle East called the Strait of Hormuz, and shipping firms are refusing to use it for fear of attack. Meanwhile, Britain remains in the grip of inflated prices and shoppers fear the war in Iran will only make things worse. Anoosh Chakelian and Will Dunn discuss how the Iran war will impact the global and the UK economies, and what – if anything – the Labour government can do about it. READ: Oil prices mean Starmer must raise tax or face recession LISTEN AD-FREE: 📱Download the New Statesman app MORE FROM THE NEW STATESMAN: ❓ Ask a question – we answer them every Friday ⏰ Get our daily politics newsletter every morning ✍️ Enjoy the best of our writing via email every Saturday Hosted on Acast. See acast.com/privacy for more information.

Trump is bombing Iran. Oil prices are volatile. Is the world heading for recession? Oil prices peaked after the US and Israel started their war on Iran. Around a fifth of the world's oil supply relies on one tiny shipping lane in the Middle East called the Strait of Hormuz, and shipping firms are refusing to use it for fear of attack. Meanwhile, Britain remains in the grip of inflated prices and shoppers fear the war in Iran will only make things worse. Anoosh Chakelian and Will Dunn discuss how the Iran war will impact the global and the UK economies, and what – if anything&nbsp;– the Labour government can do about it. READ: <a href="https://www.newstatesman.com/international-politics/2026/03/oil-prices-mean-starmer-must-raise-tax-or-face-recession" rel="noopener noreferrer">Oil prices mean Starmer must raise tax or face recession</a> LISTEN AD-FREE:📱<a href="https://www.newstatesman.com/politics/2022/06/newapp" rel="noopener noreferrer">Download the New Statesman app</a> MORE FROM THE NEW STATESMAN:❓ <a href="https://www.newstatesman.com/podcasts/2022/10/you-ask-us" rel="noopener noreferrer">Ask a question</a> – we answer them every Friday⏰ <a href="https://morningcall.substack.com/subscribe" rel="noopener noreferrer">Get our daily politics newsletter</a> every morning✍️ <a href="http://saturdayread.substack.com/subscribe" rel="noopener noreferrer">Enjoy the best of our writing</a> via email every Saturday Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer">acast.com/privacy</a> for more information.

Trump's war is making us all poorer

Helping you make sense of politics – every week. Anoosh Chakelian and the New Statesman team bring you sharp reporting, clear analysis and thoughtful conversations to help you understand what’s really going on in Westminster and beyond. The New Statesman is Britain’s leading source of news and commentary on politics and culture with a progressive perspective. On The Politics Show, our journalists and expert guests cut through the noise of the headlines to explain the forces shaping our world. From the battles inside the Labour Party to the future of the Conservatives, from the rise of Reform UK to the debates that dominate Parliament, we provide the clarity you need to follow UK politics. -- START HERE:▶︎ <a href="https://pod.fo/e/300fc1" rel="noopener noreferrer" target="_blank">Kemi Badenoch isn't working | Cover Story with Tom McTague</a>▶︎ <a href="https://pod.fo/e/2cce68" rel="noopener noreferrer" target="_blank">Do billionaires really benefit the UK?</a>▶︎ <a href="https://pod.fo/e/2f536d" rel="noopener noreferrer" target="_blank">One year of Labour rule: can things still only get better?</a> -- LISTEN AD-FREE:📱<a href="https://www.newstatesman.com/politics/2022/06/newapp" rel="noopener noreferrer" target="_blank">Download and subscribe in the New Statesman app</a> to enjoy all our episodes without the ads. -- MORE FROM THE NEW STATESMAN:❓ <a href="https://www.newstatesman.com/podcasts/2022/10/you-ask-us" rel="noopener noreferrer" target="_blank">Ask a question</a> - we answer them on the podcast every Friday⏰ <a href="https://morningcall.substack.com/subscribe" rel="noopener noreferrer" target="_blank">Get our daily politics newsletter</a> in your inbox every morning✍️ <a href="http://saturdayread.substack.com/subscribe" rel="noopener noreferrer" target="_blank">Enjoy the best of our writing</a> via email every Saturday -- <h3>Hosts:</h3>Anoosh Chakelian <h3>Regular contributors and co-hosts:</h3>Tom McTague, Editor-in-chiefAilbhe Rea, Political editor <h3>Production team:</h3>Senior podcast producer: Catharine HughesPodcast and video producer: Rob Le MareAssistant producer: Biba KangExecutive producer: Chris Stone<hr> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

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Helping you make sense of politics – every week. Anoosh Chakelian and the New Statesman team bring you sharp reporting, clear analysis and thoughtful conversations to help you understand what’s really going on in Westminster and beyond. The New Statesman is Britain’s leading source of news and commentary on politics and culture with a progressive perspective. On The Politics Show, our journalists and expert guests cut through the noise of the headlines to explain the forces shaping our world. From the battles inside the Labour Party to the future of the Conservatives, from the rise of Reform UK to the debates that dominate Parliament, we provide the clarity you need to follow UK politics. -- START HERE: ▶︎ Kemi Badenoch isn't working | Cover Story with Tom McTague ▶︎ Do billionaires really benefit the UK? ▶︎ One year of Labour rule: can things still only get better? -- LISTEN AD-FREE: 📱Download and subscribe in the New Statesman app to enjoy all our episodes without the ads. -- MORE FROM THE NEW STATESMAN: ❓ Ask a question - we answer them on the podcast every Friday ⏰ Get our daily politics newsletter in your inbox every morning ✍️ Enjoy the best of our writing via email every Saturday -- Hosts:Anoosh Chakelian Regular contributors and co-hosts:Tom McTague, Editor-in-chief Ailbhe Rea, Political editor Production team:Senior podcast producer: Catharine Hughes Podcast and video producer: Rob Le Mare Assistant producer: Biba Kang Executive producer: Chris Stone Hosted on Acast. See acast.com/privacy for more information.

Helping you make sense of politics – every week. Anoosh Chakelian and the New Statesman team bring you sharp reporting, clear analysis and thoughtful conversations to help you understand what’s really going on in Westminster and beyond. The New Statesman is Britain’s leading source of news and commentary on politics and culture with a progressive perspective. On The Politics Show, our journalists and expert guests cut through the noise of the headlines to explain the forces shaping our world. From the battles inside the Labour Party to the future of the Conservatives, from the rise of Reform UK to the debates that dominate Parliament, we provide the clarity you need to follow UK politics. -- START HERE:▶︎ <a href="https://pod.fo/e/300fc1" rel="noopener noreferrer">Kemi Badenoch isn't working | Cover Story with Tom McTague</a>▶︎ <a href="https://pod.fo/e/2cce68" rel="noopener noreferrer">Do billionaires really benefit the UK?</a>▶︎ <a href="https://pod.fo/e/2f536d" rel="noopener noreferrer">One year of Labour rule: can things still only get better?</a> -- LISTEN AD-FREE:📱<a href="https://www.newstatesman.com/politics/2022/06/newapp" rel="noopener noreferrer">Download and subscribe in the New Statesman app</a> to enjoy all our episodes without the ads. -- MORE FROM THE NEW STATESMAN:❓ <a href="https://www.newstatesman.com/podcasts/2022/10/you-ask-us" rel="noopener noreferrer">Ask a question</a> - we answer them on the podcast every Friday⏰ <a href="https://morningcall.substack.com/subscribe" rel="noopener noreferrer">Get our daily politics newsletter</a> in your inbox every morning✍️ <a href="http://saturdayread.substack.com/subscribe" rel="noopener noreferrer">Enjoy the best of our writing</a> via email every Saturday -- Hosts:Anoosh Chakelian Regular contributors and co-hosts:Tom McTague, Editor-in-chiefAilbhe Rea, Political editor Production team:Senior podcast producer: Catharine HughesPodcast and video producer: Rob Le MareAssistant producer: Biba KangExecutive producer: Chris Stone Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer">acast.com/privacy</a> for more information.

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