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Oil prices have already shot up thanks to the US-Israeli war in Iran. But what is the economic fallout likely to be? Will interest rates rise? What about inflation? Could the cost of borrowing increase – and by how much?...
Is the UK government prepared for oil price hikes? is an episode from The Guardian UK: Politics Weekly by The Guardian. Oil prices have already shot up thanks to the US-Israeli war in Iran. But what is the economic fallout likely to be? Wil...
This episode belongs to The Guardian UK: Politics Weekly.
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Published Mar 9, 2026, 00:23:57 long, audio available.
Oil prices have already shot up thanks to the US-Israeli war in Iran. But what is the economic fallout likely to be? Will interest rates rise? What about inflation? Could the cost of borrowing increase – and by how much? Pippa Crerar and Kiran Stacey discuss how the cost of living might be hit and the political implications of that. Help support our independent journalism at theguardian.com/politicspod
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Is the UK government prepared for oil price hikes? is an episode from The Guardian UK: Politics Weekly by The Guardian.
This episode is 00:23:57 long.
This episode was published on Mar 9, 2026.
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