The only living being on our banknotes should be the monarch
This Middle East conflict ought to be much easier than the oil embargo which followed the Yom Kippur war of 1973. The Arabs came quite close to winning, whereas Iran has no chance. The embargo, imposed on all countries, including Britain, which had supported Israel in the war, was backed by almost all Arab states, few of which were fanatically Islamist, and by the Soviet Union. It lasted for six months. America depended on Saudi Arabia alone for 25 per cent of its oil (only a bit over 5 per cent of imports today). The price rose by 400 per cent. The economic disruption was massive. In 2026, by contrast,
