John Sopel

Played by Donald Trump's own imagined rules in that fantasy land inside his head.

The problem is the Iranians are not giving up.

They are fighting fire with fire.

And the consequences for the world economy are getting ever more perilous.

It's John.

It's Maitlis.

It's Lewis.

And we've heard from Donald Trump there saying, Iran, please, please, please just surrender, which they're not going to do.

And as a consequence of which, the price of Brent crude touched $126 a barrel.

That's the highest it's been since the Russian invasion of Ukraine.

The average price of fuel in America has topped $4.30 a gallon, way, way higher than it was before the Iran war started.

And yet look at the consequences in Britain and what Andrew Bailey, the governor of the Bank of England, has spelt out is a really dark picture for the next year or so.

He said the inflation, as Emily said in the intro, could hit 6.2 percent.

Food prices 6 to 7 percent by the end of the year.

Warning of a possible need for forceful recovery.

in interest rates.

One scenario has as many as six rises in interest rates, taking it to about 5.25%.

And that will be absolutely crucifying for homeowners who are on variable mortgage rates and will suddenly see the cost of their borrowing going through the roof.

$28 billion, and they reckon that's a lowball number.

If Leo Tolstoy was alive today he'd be writing no war and no peace because that is the space we are in now.