Rachel Reeves handed bleak economic outlook as UK faces oil supply shock - 'She's in a very difficult position'

Economist Tyler Goodspeed has issued a stark warning that the ongoing energy supply crisis in the Persian Gulf could plunge both Britain and America into recession, potentially surpassing the severity of the 1973 oil embargo. Speaking to GB News, Mr Goodspeed expressed surprise at how calmly financial markets responded to the situation last week, given that roughly a fifth of the world s oil and gas passes through the narrow Straits of Hormuz. "And here we re living through what could be the