How oil and food prices affect inflation

Why hasn’t there been a dramatic increase in the price of oil since Iran’s retaliation aimed at key oil facilities and waterways? Are investors right not to worry too much yet? What will it take to end this? And following Trump’s fury at Starmer over his reluctance to let them use UK air bases, is the special relationship over?

With the continued unrest in the Middle East, Robert and Steph analyse the reaction of investors and look at what it means for the global economy. Plus they discuss whether this makes Rachel Reeves’ spring statement redundant.

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

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