So, I guess when we think about the 20th century, we tend to think about Europe.

We've talked about that a lot, and the rise of the West. But there is a part of the world that has

been constantly significant from a point of view of economics, geopolitics, war, you name it,

and that is the Middle East. And in some ways, the 20th century, one of the themes that's run through

it is not just the story of Iran, but the story of oil.

And that's to do with the fluke of geology and of innovation, geopolitics, revolution, power, greed, and a lot more.

So we thought it would be a good idea to really give the crisis of 1973 a bit of airtime because of what's going on at the moment

in 2026 in Iran and particularly with Hormuz too. But I don't think we think too much about

the central role that Iran has played in the course of the 20th century. I think you're right,

Peter. I think there's a way we still think about the 20th century, which centers around two World Wars and the Cold War. And everything, all of the turmoil and conflict is seen through the prism of those three big conflicts. And actually, I think the inaccuracy of that is one of the reasons that at the moment people are scrambling a bit

to reconcile how uncertain everything feels. Because actually, if you look at the 20th century more

through these politics, these economic shocks, these long simmering fault lines, then I think

it actually better equipped you to make sense of what we're experiencing

right now. I mean, as we're recording in 2026, people are really struggling to make sense of how

uncertain everything feels and how extremely vulnerable we are to massive changes in the price

of oil, to broader conflict erupting in the Middle East. And,

you know, for most people in America, I mean, I've seen some interviews with Americans who

really struggle to point to Iran on a map and yet are waking up to the reality that what happens

there is going to have a direct impact on their daily life. So I think it's really important

to correct that very narrow lens and broaden our thinking to the history

that's got us here more through this lens of these economic experiences, these maybe more subtle

conflicts, but that have very, very real economic consequences. We talked about it a bit on our

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