‘The effect of the oil crisis hasn’t fed through yet... Inflation throughout Europe going up could easily find themselves between 5% and 10%.’
On this week’s Planet Normal @ustewart tells @AllisonPearson and @LiamHalligan why the continuing blockages in the Strait of Hormuz are still making waves across the world.
🎧👉https://t.co/EUrd5RTWYD
Forcing The Straits of Hormuz. It’s not a direct repeat but there are echoes of history which should warn Trump. France and GB tried to “force the Dardanelles” in WW1. It did not end well.
As so many who have been thrown under the bus, it must be a very bumpy ride. So take the tube? No because of ASLEF strikes. It seems that we have been thrown under the trains. Could try walking, but we have been thrown under the cycle wheel.
New control with Hormuz toll? No- Achaemenid empire (550-330bc) blocked the straits unless toll paid to Emperor (initially Cyrus the Great). 1507 Portuguese introduce troll on Straits (pay or blockade)until captured by Safavid empire backed by British & Dutch bringing in new toll
In case you missed it, our analysis from Justin @ustewart on how should Europe and the EU address the coming storm - via @NEGlobalMedia: https://t.co/D1FRimywQO #Iran
#Trump has announced a deal with an Iranian leader, but how long will this last? And from military conflagrations to certain commodity prices rocketing and stock prices falling, just how much can we be expected to take on and fully understand? https://t.co/rRyYqh4wRy @ustewart
With the war spreading into Lebanon supply chain worries move from just the Straits of Hormuz, to the equally worrying supplies creating the Straits of Hummus
'This is an issue where politicians seem to hide. What's missing is leadership and confidence!'
Economics expert Justin Urquhart Stewart says Labour is prioritising its popularity ahead of the next election, over actions to mitigate the effect of the rising cost of living.