Iran oil crisis: Is Rachel Reeves doing enough to keep energy bills down?

Iran oil crisis: Is Rachel Reeves doing enough to keep energy bills down?

March 24, 2026 · 18 min

About this episode

The episode discusses Rachel Reeves' strategies for managing energy bills amid the Iran war and the potential economic fallout.

Rachel Reeves has vowed to support “those who need it most” if energy bills surge amid the Iran war - but is she already “boxed in”? In this week’s Talking Politics , Tom and Robert break down the Chancellor’s options and why Rachel Reeves is determined not to repeat the mistakes of Liz Truss. Could this spiral into a crisis on the scale of 2008? Robert gives his predictions for the long-term economic fallout of the conflict. Plus: why large bets placed just before Donald Trump’s peace talks announcement on Monday have triggered accusations of insider trading.

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