This oil crisis could be the worst we’ve ever seen – former Trump economist Tyler Goodspeed

Oil prices surged past $100 per barrel as the war with Iran intensified over the weekend. Since Iran closed the Strait of Hormuz, without a solution to the severe disruption in crude oil flows, how hard will we feel it back in Britain? And why has Britain left itself so vulnerable from its energy policy? Michael Simmons is joined by former advisor to Donald Trump Tyler Goodspeed to discuss why this situation has far greater consequences than Trump’s tariffs, how petroleum is so embedded in our everyday economy and why Ed Miliband could be heading for a Liz situation.