Pump prices, inflation and Gulf food supplies

Oil prices surged today to their highest levels since 2022. Stocks fell as the fallout from the Iran conflict continues to hit the economy and your pocket! Economics Editor David Murphy joins Fran to explain what's happening on the markets and why the price of petrol and home heating oil is rising so fast. Later Fran talks to Middle East expert Christian Henderson about food supplies in the Gulf. UAE imports 90% of it's food so it is only a matter of time before prices will go up as it gets more difficult to bring food into the region. See omnystudio.com/listener for privacy information.