540. The Untold Iran Crisis, Henry Nowak, and Farage’s Politics of Rage

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The Rest Is Politics 1h 3m 2 speakers 8 chapters transcribed 3 months ago
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What is the main topic discussed in this episode?

Rory Stewart 0:00
Thanks for listening to The Rest Is Politics. To support the podcast, listen without the adverts and get early access to episodes and live show tickets, go to therestispolitics.com. That's therestispolitics.com.
Alistair Campbell 0:13
Donald Trump has driven us into something that is one of the worst economic crises that we've faced in living memory and something that we're very, very poorly prepared for.
Rory Stewart 0:21
And if the Straits of Hormuz don't open anytime soon, we are not that far away from an energy crisis, which, of course, has the potential to lead to an economic crisis as well.
Alistair Campbell 0:30
We could be a few weeks off a massive crisis on jet fuel, diesel that we're not even beginning to talk about.
Rory Stewart 0:36
The damage done is now going to take months in the case of gas and possibly even two or three years in the case of oil. We, Europe, became reliant on Russia for energy, China for the economy, USA for security. We're now facing real security pressure from Russia on energy and we're facing political pressure from the United States.
Alistair Campbell 0:56
This episode is brought to you by Fuse Energy. Fuse has introduced the tracker tariff designed to give customers what matters most from their energy supplier, savings clarity and a bit more control.
Rory Stewart 1:08
And it guarantees that your rates stay below the off-gem price gap, which saves you up to £200. And the tariff updates automatically every quarter.

What is the impact of the Iran crisis on the UK economy?

Alistair Campbell 1:18
Energy prices don't move in straight lines. Global events and market pressures you can't predict and certainly can't control still find their way onto your bill.
Rory Stewart 1:27
And if you're on the wrong tariff, you can be stuck with higher rates after the pressure has ended.
Alistair Campbell 1:32
With Fuse Energy's tracker tariff, that changes. If prices fall, your rate adjusts at the next quarterly update.
Rory Stewart 1:39
And it's automatic. No switching, no trying to second guess the market. You're protected while prices are high and ready to benefit when they fall.
Alistair Campbell 1:47
Switch to Fuse Energy's tracker tariff at fuseenergy.com slash politics and use code politics to get a free Trip Plus subscription.
Rory Stewart 1:56
Visit fuseenergy.com for full terms and conditions.
Alistair Campbell 2:05
This episode is brought to you by NordVPN. Now, we both travel an extraordinary amount with work, and in our line of business, it's hard to fully switch off.
Rory Stewart 2:12
Because news and politics tend not to take a summer recess. But keeping up with Westminster when abroad means constantly logging in to all manner of dodgy airport and cafe Wi-Fi networks.
Alistair Campbell 2:25
Don't we know about it? That's the problem. Leaves personal data completely vulnerable to hackers. And that's where NordVPN comes in. It encrypts your connection, keeps your data private wherever you are.
Rory Stewart 2:35
And the big thing is being able to switch virtual location back to the UK. It means you can access all your usual apps and content and not miss out on anything while you're away.
Alistair Campbell 2:44
Plus, it automatically connects to the nearest server, so you aren't stuck with sluggish internet. It really is the ultimate travel tool, even for those who actually try to relax on holiday.
Rory Stewart 2:55
To get the best discount of your NordVPN plan, go to nordvpn.com slash restispolitics. The link is in the episode description.
Alistair Campbell 3:12
Welcome to The Rest Is Politics with me, Alistair Campbell. And with me, Rory Stewart. Today, we're going to be talking about Iran, the Strait of Hormuz and energy and renewable energy before we get in the second half on to the tragedy of Henry Nowak and his murder. And what that means for British politics. But the first half comes out of a conference that Alistair and I just attended in Finland, where we had some very interesting conversations about renewable energy and about Ed Miliband and about Britain's energy policy and the world's energy policy, which I suspect we're going to get into a bit of an argument about where I'll be taking more of the side of his friend, Tony Blair. But we're also going to look at the biggest unreported story, I think, which is probably the biggest story in the world right now, which is the way in which the Strait of Hormuz, which continues to be blocked, is on the verge of crippling Asian economies, African economies, European economies.

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