Unspun World: How is the Iran war impacting the global economy?

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• 00:08

  Hello, you're listening to The Explanation from the BBC World Service, recorded on the 18th of March.

• 00:15

  I'm John Simpson, and this is Unspun World,

• 00:19

  the programme that goes behind the headlines to find out what's really going on.

• 00:25

  This week, the Israelis and Americans continue to hit Iran.

• 00:29

  But what could the war's longer-term effect be for the US and President Trump?

• 00:35

  The longer this conflict goes on, the concern is that it could lead to waves of inflation,

• 00:40

  that it will push up prices.

• 00:42

  By contrast, is the war against Iran making things easier for Russia?

• 00:47

  The Russian economy was feeling enormous pressure and all the stress.

• 00:52

  And suddenly the oil prices have shot up.

• 00:55

  And that will ease things for the Russian government.

• 00:59

  And might a row between Ukraine and Hungary help Viktor Orban's chances of being re-elected as Hungary's prime minister?

• 01:10

  Ukraine in its turn is accusing Mr Orban of a sort of campaign of demonization of Ukraine

• 01:16

  in order to frighten the Hungarians into voting for him.

• 01:21

  the targeted killings of topmost figures in iran including ali larejani the security minister

• 01:28

  who was a central figure in deciding the strategy in the war are continuing.

• 01:34

  Israel's extraordinarily wide-ranging infiltration of everyday life in Iran paid off yet again when,

• 01:42

  according to reports, Larry Jani visited a flat he owned on the outskirts of the city,

• 01:48

  was spotted by Israeli intelligence and was promptly killed by an incoming missile.

• 01:55

  His death was confirmed by a newsreader on Iranian state TV

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