Today on the Playbook podcast, oil prices are soaring towards record highs as Donald Trump's war on Iran has global impact.

Stock markets, commodity prices, and of course the price of gas are all hit hard.

And there are diplomatic repercussions too

with old alliances.

Hello, I'm Jack Blanchard.

And I'm Felicia Schwartz.

It's Monday, March 9th.

Felicia, so good to have you on today as our diplomatic correspondent in a day when I think

diplomacy is going to be a pretty hot topic given what's happening on the global

market right now.

You know, every week seems to be the craziest and then another one comes along.

And then another one comes along.

Well, if you were anywhere near the internet last night, you will have seen what started

happening when the markets began to reopen.

The price of oil soared way above $100 a barrel

for the first time since 2022. And experts are saying we are headed now for $4 a gallon, maybe $5 a

gallon gas in the weeks ahead. There are so many implications to what is happening. We're going to

talk you through them right now. Felicia,

you know, we were reporting at the back end of last week that the White House was starting to

worry about the impact on oil prices and specifically on gas prices. And what we've seen last night

and what I suspect we're going to see through the course of this day and indeed the course

this week is they were absolutely right to be worried. They should definitely be worried.

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