Why the world’s missing oil leaves Britain on a 'cliff edge'

"Go get your own oil!" Donald Trump has served notice on his allies, telling them the US won't necessarily clear up the mess he’s making in the Middle East.

And oil is important... for everything. The global economy needs 100 million barrels a day to function. The war in Iran means we're only producing 80 million.

Those missing barrels are having a huge impact on diesel and petrol prices – but that's just the start. Inflation, interest rates, food and utility bills are all set to rise.

What, if anything, can the UK government do to avoid the inevitable economic earthquake?

Niall asks Sky's data and economics editor Ed Conway why he's so worried about the financial effects of the crisis in the Middle East.

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