{"id":324910,"date":"2026-03-10T21:00:26","date_gmt":"2026-03-10T21:00:26","guid":{"rendered":"https:\/\/www.newsisc.com\/videos\/iran-will-oil-decide-the-outcome-the-global-story\/"},"modified":"2026-03-10T21:00:26","modified_gmt":"2026-03-10T21:00:26","slug":"iran-will-oil-decide-the-outcome-the-global-story","status":"publish","type":"post","link":"https:\/\/www.newsisc.com\/videos\/iran-will-oil-decide-the-outcome-the-global-story\/","title":{"rendered":"Iran: Will oil decide the outcome? | The Global Story"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/i2.ytimg.com\/vi\/EQ8l5au_3i4\/hqdefault.jpg\" alt=\"Iran: Will oil decide the outcome? | The Global Story\"><br \/> <iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/EQ8l5au_3i4\" frameborder=\"0\" allowfullscreen><\/iframe> <\/p>\n<p>Oil prices surged to a four-year high on Monday, before dipping after President Trump said the Iran war will end \u201cvery soon\u201d. Just days ago, Trump said that he would not stop the war until Iran\u2019s \u201cunconditional surrender\u201d. But how long will the Iran war last? And could oil be the deciding factor?<\/p>\n<p>Turmoil in the region had led to the near complete shutdown of shipping traffic through the Strait of Hormuz, and Iran has reportedly said it will not allow \u201cone litre of oil\u201d to be exported from the Gulf if US-Israeli attacks continue. This has lead to rises in global oil and gas prices. How much impact is this going to have on the cost of living?<\/p>\n<p>We speak to BBC economics correspondent Andy Verity about the lessons both the US and Iran might be learning from the oil crises of the 1970s, and ask whether oil could determine how and when the war ends. <\/p>\n<p>New episodes of The Global Story are released daily. If you\u2019re in the UK, listen on BBC Sounds. If you live outside the UK, listen on BBC.com or wherever you get your podcasts. <\/p>\n<p>LINK: https:\/\/app.magellan.ai\/listen_links\/the-global-story-ytl <\/p>\n<p>Subscribe to our channel here: https:\/\/bbc.in\/bbcnews<\/p>\n<p>For the latest news download the BBC News app or visit BBC.com\/news<\/p>\n<p>#bbcnews <\/p>\n<p>Chapters:<br \/>\n00:00 \u200aIs the price of oil what will decide the outcome of the Iran war?<br \/>\n01:32  How could the war affect oil and gas prices?<br \/>\n04.05  How could the war affect the the cost of living?<br \/>\n05:34  Is oil one of the main reasons for the war?<br \/>\n06:39  What is the significance of Kharg Island?<br \/>\n09:52  What happened during the 1970s oil crisis?<br \/>\n13:10  Is Iran using oil as a tactic in the war?<br \/>\n16:04  Is there less likely to be another oil crisis?<br \/>\n18:00  How can the markets be calmed?<br \/>\n21:27  Is the US insulated against oil price shocks?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices surged to a four-year high on Monday, before dipping after President Trump said the Iran war will end \u201cvery soon\u201d. Just days ago, Trump said that he would not stop the war until Iran\u2019s \u201cunconditional surrender\u201d. But how long will the Iran war last? And could oil be the deciding factor? Turmoil in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":324911,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[128810],"tags":[134378,131580,144168],"actors":[],"class_list":["post-324910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bbc-news","tag-fouryear","tag-prices","tag-surged"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Iran: Will oil decide the outcome? | The Global Story | News ISC Videos<\/title>\n<meta name=\"description\" content=\"Watch Iran: Will oil decide the outcome? | The Global Story for free, here on News ISC. 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