
Oil Prices Soar as US-Iran Conflict Escalates
About this episode
The war between the US, Israel, and Iran escalates, with oil prices soaring to nearly $120 a barrel, causing global economic turmoil. Iran faces airstrikes but maintains leadership, while Gulf allies and Israel deal with missile attacks. The conflict shows no signs of abating, with Iran blocking oil trade through the Strait of Hormuz and nuclear stockpiles remaining hidden. Both sides claim victory, but the economic strain persists.
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Global News Today | 2 Min News | The Daily News Now! — Oil Prices Soar as US-Iran Conflict Escalates. Machine-transcribed; use the interactive transcript above to jump the player to any line.
Today is March 11th. Here's what's making headlines worldwide. The war between the United States, Israel and Iran comes down to one big question. Who can handle the pain longer? Oil prices have spiked as Iran's main weapon, hitting the global economy hard with higher gas costs and disrupted travel and shipping. Earlier this week, oil prices jumped to nearly $120 a barrel, the highest since 2022. President Donald Trump called the conflict short term to call markets and prices ease back to around $90, even as he promised to keep up. The pressure, Iranians are facing non-stop airstrikes but keeping their leadership intact while angry citizens stay home amid heavy bombardment and tight security. Gulf allies deal with missile attacks on oil fields and cities and Israel faces advanced barrages that disrupt schools, work, and daily life. No quick end appears in sight, with decades of bad blood fueling tough talk from both sides. Iran has halted shipping through the strait of Hormuz, blocking 20 percent of world oil
and gas trade as companies avoid the area. Iran's new supreme leader, the son of the late Ayatollah, is seen as even tougher, with nuclear stockpiles still hidden from inspectors. Both sides claim the upper hand, but victory remains unclear amid the ongoing economic strain. This DNA story comes to you, thanks to our sponsor. Your pillow just got smarter. It plays your podcast and music, S-O-L-I-SOLYPILLOW.COM
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