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Oil prices surged past $100 per barrel as the war with Iran intensified over the weekend. With the Strait of Hormuz practically closed, and without a solution to the severe disruption in crude oil flows, how hard could Britain be hit? And why has the UK left itself so vulnerable with its energy policy?

Michael Simmons is joined by Tyler Goodspeed – former adviser to Donald Trump – to discuss why this situation has far greater consequences than Trump’s tariffs, how petroleum is so embedded in our everyday economy and why Ed Miliband could be heading for a 'Liz Truss situation'.

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Spectator World columnist – and Heritage Foundation fellow – Daniel McCarthy joins Freddy Gray to explain how Trump's war with Iran could mark the end of an era, that of neoconservatism. For Daniel, there is no contradiction between Trump's 'America First' policy and its overseas interventions: Trump is pursuing a version of hegemony that will reduce the need for future interventions. If all goes to plan, this could mark an ideological watershed that stretches back to the first Gulf War in the early 1990s – but it's a big 'if'. What if the conflict spirals out of control? To what extent was this driven by Trump, or by Netanyahu? And what are the dynamics at play between the leadership figures in Maga?

Produced by Patrick Gibbons.

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