261. Dire straits: Should the Royal Navy end the Iran oil blockade?
The Rest Is Money
Goalhanger
3.6 • 1.1K Ratings
🗓️ 16 March 2026
⏱️ 37 minutes
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| 0:00.0 | Starmer is refusing to send warships to help reopen the Strait of Hommuz. |
| 0:05.0 | But ministers are considering sending these like mine hunting drones. |
| 0:09.0 | So it's somebody manning them from somewhere else. |
| 0:11.0 | It's the computer game version of warfare. |
| 0:13.0 | Hello, Malcolm. Hello and welcome to The Rest is Money with me, Robert Paston. |
| 0:27.2 | And with me, Steph McGovern. |
| 0:28.5 | So we are now in the third week of the Middle East crisis. |
| 0:32.2 | The oil price is still over $100 a barrel. |
| 0:36.8 | You know, wholesale gas prices are up 60% since this all started, |
| 0:41.0 | and lots of other important costs are going up too. You know, we've talked about fertilizer, |
| 0:45.1 | key for farming. That's up over 30%. So today we're going to look at what Starmer is going to |
| 0:51.4 | need to do to try and control the rising cost of living here, which is inevitable |
| 0:56.7 | from all of this. And where the UK's plans for growth sit in this too. But first, Robert, |
| 1:03.5 | let's start with this request now by Trump to get everyone on side to help get things moving in the straight of Hormuz. |
| 1:12.0 | You know, we've talked about how important this straight is, |
| 1:14.4 | which is a key bit of waterway for getting through lots of, you know, |
| 1:17.7 | like the oil and gas and the fertilizer and everything else. |
| 1:21.3 | This is a really important bit of waterway. |
| 1:24.1 | And now Trump's asking for our help, isn't he, on getting movement? |
| 1:28.1 | What's your take on it? |
| 1:29.2 | So this is, I think, possibly the biggest sort of moment in terms of how the international |
| 1:37.4 | community responds to Trump's and Israel's war since the war began. Trump has said explicitly that he wants |
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