So James, I think the last time that you and I were together on newscast, we were talking to Lee's Ducet, who was in Tehran, and we were both totally struck by what she was telling us.

Yeah, because that was the first time she'd been there since those protests and the deadly response to the protests from the Iranian government.

And it was amazing because we very rarely are granted access by the government to Iran to hear her take.

And look where we are now.

I mean, how much has changed since we were having that conversation with Lee's to what the situation is now and everything that's happened in between.

It's an unbelievably different world.

It is.

And we're going to be hearing all about it on this episode of Newscast.

Newscast from the BBC.

Fat boy sliver me in the classroom doing our violin lessons.

I was the tattletail in the class.

Can I have an apology, please?

I trust almost nobody.

Then daddy has to sometimes do strong language. Next time in Moscow. I feel delulu with no salulu. Take me down to Downey Street. Let's go have a tour. Blimey. Hello, it's James in the studio. And it's Alex in the studio. And the war in Iran, and especially the wider instability in the Middle East, is having ramifications all over the world, especially for the global economy.

Today, we heard that the oil price had risen above $100 a barrel, and that's the first time

since when Alex...

2020, I think. And I mean, it's not like this hasn't been expected because we've heard a lot over the course of the last week about all of the interruption there's been to shipping through the Straits of Hummus and all of the ramifications that might have. But now we're seeing it really play out in the price of a barrel of oil. And what does that mean for all of us is the big question. And to help us unpack that, we have Darshini, David, Deputy Economics Editor. Hello, Darshini. Hello. And Katja's in Brussels, Kachar, not just Brexit cast original, not just Europe editor, but presenter of Europe on the edge as well. Hi, Katja. Hello. Darshini, first of all, what does it mean?

What does it mean? How long have you got? Well, I mean, $100 is quite a round number. That's the first thing to say.

$100 in itself doesn't mean, oh my goodness. But I think when you look at the pace with which the oil price climbed on Sunday night when the markets reopened for the week,

it took everyone by surprise, right? And this was on top of what we'd already seen as being

the biggest weekly rise since 1990. So we're looking here at a quite sort of blistering rise in

oil prices. And of course, we mustn't forget gas as well. Gas futures, we talk about that

...