Hormuz Reality Check (ft. Energy Expert Helima Croft), Starmer Out, Ukraine Hits Back, Brexit at 10

2026-06-25

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In the wake of the United States’ MOU with Iran, the headlines have been chock-full of optimism. Sir Richard Dearlove and guest co-host Sabrina Singh sit down with Helima Croft, Managing Director and Head of Global Commodity Strategy and MENA Research, RBC Capital Markets, to lend more nuance to the news. Also: What Starmer’s resignation could mean for the UK, takeaways from the recent G7 meeting, Ukraine’s success with drones, and how things have changed in the decade since Brexit. In this episode...

In the wake of the United States’ MOU with Iran, the headlines have been chock-full of optimism.

Sir Richard Dearlove and guest co-host Sabrina Singh sit down with Helima Croft, Managing Director and Head of Global Commodity Strategy and MENA Research, RBC Capital Markets, to lend more nuance to the news.

Also: What Starmer’s resignation could mean for the UK, takeaways from the recent G7 meeting, Ukraine’s success with drones, and how things have changed in the decade since Brexit.

In this episode:

(00:00) Intro: Strait of Hormuz Crisis Explained

(02:00) UK PM Starmer Resigns: What Comes Next

(08:34) G7 Summit: China, Ukraine, and Europe's Crisis

(14:22) Ukraine War: Can Russia Be Stopped?

(18:35) Brexit at 10: Was It Worth It?

(23:24) Is the Strait of Hormuz Really Open?

(30:08) Oil Markets React to Iran-US Peace Deal

(36:55) Iran Nuclear Deal: What's Really at Stake

(44:39) Iran Sanctions Explained: Congress vs. Treasury

(48:01) OPEC's Collapse: Saudi Arabia vs. China

(51:47) Best and Worst Case Outcomes for Oil