Katie Martin

I say this with love.

So they're looking at the futures curve, which says six months from now, the oil price is going to be about $80 a barrel.

Today, it's about $106, $106 a barrel when I last looked at a screen.

If we do hit this kind of sudden stop, if you like, where we really do hit the buffers on what's left in the reserves, worst case scenario, what's the most plausible worst case scenario you've heard for where the benchmark price goes?

Not too bad.

Let me ask you about something very important, which is summer holidays.

First of all, will I be able to go on an airplane to my summer holidays in July?

Well, they would, wouldn't they, though?

Sure.

But there were lots of warnings, particularly around the European airline industry early on in this crisis that this is bad.

We're going to run out of the stuff.

There's going to be people's holidays cancelled.

The heat has really come off that.

And certainly the message from the UK government is don't worry, it's all going to be OK.

Malcolm, is it all going to be OK?

I've always liked Americans.

As long as Rob doesn't take any credit for this.

Now, no one knows what's going on with Iran.

Obviously, no one knows what's going on with the Strait of Hormuz.

But we did have a fairly reasonable drop in the oil price.