Alistair Campbell

And then you look at the support for Xi Jinping's policy towards the Middle East, it's 26 points up in Tunisia, 25 points up in Jordan and Palestine, 19 points in Morocco, five points in Iraq.

Now, in the end, these are just polls, but they reflect something quite profound that's going on in the global assessment

of the USA and China.

I'll give you a few other more figures from the Gulf.

So stock exchanges in the Gulf.

Dubai, 15% drop since this all started.

Qatar, 10%.

Abu Dhabi, 5%.

Travel and tourism industry is reckoned to be losing $600 million a day.

The projected loss of economic output due to contracted growth, reduced exports and general disruption of the oil sector, 200 billion.

So that's the Gulf.

But then and you're right, the Americans, in part because they've become much bigger producer of oil and gas.

They're not feeling it as much, but here's a really interesting thing.

The University of Michigan has been measuring consumer sentiment since 1952.

And we'll put the graph in the newsletter, but in the last six weeks, it's fallen to the lowest point at any time in history.

including previous wars and pandemics.

Inflation, they're going to get hit by it.

They're not going to get the interest rate cut that he's been going on about.

Now, the oil price has actually dipped just below $100 a barrel this morning, I think.

But we're still talking about it going from $60 at the start of March