All I'm hearing from them is taco, taco, taco. You know, Trump always chickens out.

Hello to The Rest Is Money. It's a special edition with me, Robert Peston.

And me, Steph McGovern. Yeah. So a special episode for you to update you on the economic ramifications

of what is a very fast-moving situation with the Iran War.

We talked in our last episode on this about investors potentially underestimating the impact this war could have on the

global economy. And it felt like this week that they woke up to the impact because we suddenly

saw oil go over $100 a barrel. The stock market started to drop as well. And then yesterday, Trump came out with some very vague statements about the war being

very complete, whatever that means, and we saw a big reaction again for the market. So, Robert,

just bring us up to speed on it. Yes, so it was an absolutely hair-raising day yesterday.

I mean, obviously, since 2007 we... Yes, it was an absolutely hair-raising day yesterday.

I mean, obviously, since 2007, you and I have lived through some hair-raising market days.

There were some extreme ones during the global financial crisis. And yesterday, quite a lot of that sort of just feeling of chaos and mayhem just came flooding back.

I mean, just on oil, you know, at one point yesterday, Brent Crude, one of the benchmark

measures of the oil price, you know, touched $120.

And yesterday that was a sort of massive 20% surge.

But actually, the thing that was most extraordinary was the way that it yo-yoed because

after Trump said that his war aims, you know, were almost complete, whatever that means,

it then plunged $30, right?

So actually, as we speak, it's around $90, which is still, you know,

way higher. It's about 50% higher than it was, you know, before this war started. And, you know,

that was, that's still going to have pretty significant, uh, economic consequences if that

price for oil is sustained at that level. But, you know, when you get

...