The global impact of energy price rises
Newshour
BBC
4.2 • 1.1K Ratings
🗓️ 19 March 2026
⏱️ 47 minutes
🧾️ Download transcript
Summary
It has been a day of turmoil on the world's financial markets after Israel - on Wednesday - struck an Iranian facility in the South Pars gas field, part of the world's biggest natural gas field, which Iran shares with Qatar. That, in turn, prompted Iran to retaliate against energy facilities in Qatar and its other Gulf neighbours sending the price of both gas and oil surging upwards.
Also in the programme: a mysterious signal is being broadcast in the Farsi language on shortwave radio from Europe - what is it? And how a conversation in the Caribbean Sea about quantum information led to a big prize.
(Photo: Traders work on the New York Stock Exchange (NYSE) floor after the opening bell in New York, USA, 19 March 2026. Credit: Sarah Yenesel /EPA/Shutterstock)
Transcript
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| 0:00.0 | BBC Sounds, Music, Radio, podcasts. |
| 0:09.0 | Hello and welcome to NewsHour from the BBC World Service. |
| 0:12.4 | We're coming to you live from London. I'm James Menendez. |
| 0:15.7 | And coming up a little later, I've been speaking to one of the winners of this year's Turing Award. |
| 0:19.9 | Consider the Nobel Prize for Computing. |
| 0:22.9 | He and a colleague have won for their work on quantum cryptography. |
| 0:27.4 | Is it true that you met swimming in the Caribbean Sea? |
| 0:32.4 | Is that right? |
| 0:33.5 | That is correct. |
| 0:34.4 | In San Juan, Puerto Rico, yes. |
| 0:36.1 | And was it his suggestion that you pursue your line of inquiry? |
| 0:40.2 | Is that right? He came up to you and said, how about this? And you went, yes. |
| 0:44.0 | That's correct, yeah. He appeared out of nowhere as I was swimming, mining my own business. |
| 0:50.1 | And he started telling me about these crazy ideas that I had never heard about. |
| 0:57.1 | And I was immediately seduced by how beautiful it was. |
| 1:01.6 | I'll be talking to Dr. Gilles Brassar in about 15 minutes. |
| 1:06.3 | But it has been a day of turmoil on the world's financial markets today. |
| 1:11.9 | That's after Israel on Wednesday struck an Iranian facility in the South Paz gas field, |
| 1:15.8 | part of the world's biggest natural gas field that Iran shares with Qatar. |
| 1:20.8 | That, in turn, prompted Iran to retaliate against energy facilities in Qatar and its other Gulf neighbors, sending the price of both gas and oil surging upwards, |
| 1:26.1 | while stocks and bonds tumble downwards. |
| 1:29.4 | Writing on his true social platform last night, President Trump claimed the US didn't know |
... |
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