Oil crisis lessons from Iran to Kuwait

As the world faces another energy crisis, what can past shocks teach us? We look back at earlier oil crises to understand how conflict has disrupted global supply - and what that means for markets today. We hear from a former boss of one of the world’s biggest oil companies, BP, on the challenges the business faced when Saddam Hussein invaded Kuwait. And as many of us are now facing rising prices at the pumps, we explore how reliant we’ve become on oil and whether it’s possible to reduce our dependence on it anytime soon. If you'd like to get in touch with the programme, our email address is [email protected]: Rahul Tandon Producers: Rebecca Smyllie and Josh MartinBusiness Daily is the home of in-depth audio journalism devoted to the world of money and work. From small startup stories to big corporate takeovers, global economic shifts to trends in technology, we look at the key figures, ideas and events shaping business.Each episode is a 17-minute, daily deep dive into a single topic, featuring expert analysis and the people at the heart of the story.Recent episodes explore the weight-loss drug revolution, the growth in AI, the cost of living, the economic impact of the war in the Middle East, and why bond markets are so powerful.We also feature in-depth interviews with company founders and some of the world's most prominent CEOs. These include Google's Sundar Pichai, Wikipedia founder Jimmy Wales, and the CEO of Canva, Melanie Perkins.(Picture: Plumes of smoke rise over the oil depot tanks hit by joint Israel-US overnight in a station north west of the Iranian capital, Tehran, the 8th of March 2026. Credit: Getty Images)