Despite claims that the ceasefire in Iran is holding, there’s been a lot of fire in the past two days with America and Iran exchanging attacks and oil prices are surging again off the back of this, as President Trump says Iran is taking too long to sign a peace deal.
In this episode of The Fourcast Indicators, Matt Frei and Mark Urban unpack why oil prices haven’t exploded yet, whether Iran is losing one of its most powerful bargaining chips, and whether Trump is stretching the truth when he says a secret US operation has managed to get millions of barrels of oil through the Strait.
And what does the resignation of UK Defence Secretary John Healey tell us about how the UK is preparing for a more unstable world?
They’re joined by Yael Selfin, Fellow at the National Institute of Economic and Social Research and Chief Economist at KPMG, to ask whether markets are underestimating the risks – and what this could mean for fuel prices, inflation and the wider economy.
