The politics of an oil price shock

With no sign that the Strait of Hormuz will reopen any time soon, we explore the political impact of energy shocks. Energy historian Tyler Priest tells us about parallels with the 1973 oil crisis, Nobel Prize winning political economist Daron Acemoglu explains how economic crises can lead to a rise in anti-establishment sentiment, and we discuss what current governments can do with the economist Vicky Pryce and the Director of European Council on Foreign Relations, Mark Leonard.