While some are saying the oil crisis caused by Trump’s war on Iran is as bad as the one in the 1970s, economics editor of the Sunday Times David Smith thinks it’s still too early to tell. It may be a short term blip or it may have long-lasting effects.

The Three Old Hacks, aka Mihir Bose, former sports editor at the BBC, Nigel Dudley, political analyst, and David Smith return to the war in Iran and the toxic effect of appointing Peter Mandelson to the job of Britain’s ambassador to the United States in this week’s digest of the news. 

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