Is the UK government prepared for oil price hikes?

What this episode covers

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 <a href="https://www.theguardian.com/politicspod">theguardian.com/politicspod</a>

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Frequently Asked Questions

How long is this episode of Politics Weekly UK?

This episode is 23 minutes long.

When was this Politics Weekly UK episode published?

This episode was published on March 9, 2026.

What is this episode about?

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...

Can I download this Politics Weekly UK episode?

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