Why has the price of oil hit a four-year high and what does it mean for inflation? | BBC News

The war in Iran has pushed oil prices above $100 a barrel for the first time since Russia invaded Ukraine in 2022. James and Alex join Dharshini David, deputy economics editor, and Katya Adler, Europe editor and Brexitcast veteran, to discuss what the war means for the global economy and how rising oil could lead to higher inflation. Katya’s new series ‘Europe on the Edge’ is now available to watch on BBC iPlayer. On the other hand, in Iran, Mojtaba Khamenei, the son of the previous Supreme Leader Ali Khamenei, has been named as his successor. Siavash Ardalan, Senior Correspondent for BBC World and BBC Persian, joins James and Alex to profile the leader now in charge of the Islamic Republic. Subscribe here: http://bit.ly/1rbfUog

For more news, analysis and features visit: www.bbc.com/news #bbcnews 0:00 Intro 0:39 Oil prices rise above $100 1:18 Why oil prices are rising so fast 2:07 Gas prices and inflation fears 3:01 How high oil prices are affecting you 5:004 Economic worries in Europe 7:00 Urgent the oil 9:49 The impact of war on the cost of living 11:32 European security pressures 12:39 Europe’s attempt at a united front 16:26 Europe’s relationship with Washington 16:50 The King’s possible US State visit 19:00 Would the UK ever cut Trump Trump? 21:08 Europe’s strategic calculations with Trump 22:20 Markets react to Iran’s new supreme leader 23:45 Introducing Iran’s new leader 25:00 What we know about Mojtaba Khamenei 26:41 Supreme leader vs Iran’s president 31:46 Could Israel lead to new leader? 32:49 Did removing the old leader change anything? 33:07 Reaction inside Iran 35:00 Iran’s economic crisis 37:40 Iran’s long-term war strategy

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