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You're listening to The Globalist, first broadcast on the 14th of October, 2026 on Monocle Radio.
The Globalist, in association with UBS.
Live from London, this is The Globalist with me, Emma Nelson.
A very warm welcome to today's programme.
Coming up, eight months since the Iran war caused the Gulf's shipping lanes to become part of the battlefield.
We look at how the world moves today and what could happen
now that the conflict between the Houthis and Saudi Arabia has intensified.
And families and industries are paying the cost of a crisis far beyond our borders.
Since the end of February, gas prices have risen by 140%.
Diesel prices have doubled.
European Commission President Ursula von der Leyen, they're driving home the way in which conflict affects our lives.