Markets may underreact but volatility will persist

What are the consequences for oil and gas prices of Iran’s retaliation? Will the primary impact be higher inflation or lower growth, and what does this mean for interest rates? And are we heading for a stock market crash?

Robert and Steph also explain why the war is a nightmare for Rachel Reeves as she prepares tomorrow’s spring statement and for Starmer’s hopes of reducing the cost of living

The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer.

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