Could surging oil prices cause a global depression?
Daily Politics from the New Statesman · The New Statesman
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Show Notes
Oil prices have spiked following the outbreak of war in Iran, with crude oil jumping to over £75 a barrel.
This is having a huge impact around the world, and is set to get worse.
Megan Gibson is joined by Rory Johnston, oil market researcher and author of the Commodity Context newsletter, who argues that this scenario could lead to a global depression.
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