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‘It’s time to plan for oil rations’ energy economist says | LBC analysis
Posted
March 19, 2026
Views
114,321
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1,203
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March 19, 2026
114,321
1,203
778
1.73%
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10:24Now PlayingThe Governor of the Bank of England (BOE) has called on Donald Trump to get the Strait of Hormuz back open as soon as possible, as he warned interest rates may not be cut in the near future.
Speaking exclusively to LBC’s Andrew Marr, Andrew Bailey warned the economy will continue to falter as long as the US and Israel continue their war on Iran.
It comes after the BOE announced it would hold interest rates at 3.75% amid fears the US-Israel war on Iran could see inflation rise.
Today, Andrew also spoke to Nick Butler, energy economist and former Senior Advisor to Prime Minister Gordon Brown, who has some fairly explosive statements on what's going on.
#andrewmarr #donaldtrump #netanyahu #iran #israel #straitofhormuz #oil #oilprices #news #uspolitics #ukpolitics #keirstarmer #lbc
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