Reality Check: Oil crisis – the worst we've ever seen? episode artwork

EPISODE · Mar 10, 2026 · 28 MIN

Reality Check: Oil crisis – the worst we've ever seen?

from Best of the Spectator

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'. Hosted on Acast. See acast.com/privacy for more information.

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'. Hosted on Acast. See acast.com/privacy for more information.

NOW PLAYING

Reality Check: Oil crisis – the worst we've ever seen?

0:00 28:33

No transcript for this episode yet

We transcribe on demand. Request one and we'll notify you when it's ready — usually under 10 minutes.

Frequently Asked Questions

How long is this episode of Best of the Spectator?

This episode is 28 minutes long.

When was this Best of the Spectator episode published?

This episode was published on March 10, 2026.

What is this episode about?

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...

Can I download this Best of the Spectator episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.
URL copied to clipboard!