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Hello, I'm Steve Punt. And I'm Hugh Dennis.

With us, a Ken Changed, Jessica Postercue,

Gemma Arasmith, Luke Campner and Jazz E-Mew.

And this is...

THE NOSE!

SHOW!

Thank you very much. And it's been a good week for countries with oil that aren't called Russia.

There's been a Thor with Iran, and after six years and as an Inzaghari Ratcliffe was finally given her British passport by the Islamic Republic.

Which is quicker than the home office managed in some circumstances.

As she flew home, it was revealed that her release had been eased.

By the fact that Britain had paid back £400 million for some tanks that Iran had paid for 45 years ago, but which were never delivered.

Yes, and the UK has now supposedly both refunded the money and promised not to use Hermes for tank deliveries ever again.

It's all part of a rapid reordering of relationships all around the globe, as the world is having to look at its energy supply through new eyes.

Since the early 2000s, Europe has become almost entirely reliant on Russian gas.

In Germany, almost 60% of their supply comes in the vast Russian gas field.

For which, ironically, Germany made a fail takeover bid in 1942.

The Prime Minister, meanwhile, compared Putin to...

Yai, drug dealer, who managed to hook the West on Russian oil and gas.

...helpfully using an analogy that can be readily understood by most of the Cabinet.

No, the Pugin gets everything his own way.

This week, a Russian TV editor staged a protest holding up a placard on live television reading.

...