Oil prices have already shot up thanks to the US-Israeli war in Iran. But what is the economic fallout likely to be? Will interest rates rise? What about inflation? Could the cost of borrowing increase – and by how much? Pippa Crerar and Kiran Stacey discuss how the cost of living might be hit and the political implications of that. Help support our independent journalism at <a href="https://www.theguardian.com/politicspod">theguardian.com/politicspod</a>