The Energy Shock Is Here

能源冲击已到来

The Journal.

2026-04-16

19 分钟
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Get your tickets to our L.A. live show here! The standoff in the Strait of Hormuz means millions of barrels of oil are still trapped in the Persian Gulf. As countries around the world begin to feel the impact of that energy shock, new inflation numbers are signalling that the U.S. economy is being impacted too. WSJ’s David Uberti explains how the stock market and consumers are processing what could be the worst oil crisis ever. Jessica Mendoza hosts. Further Listening: - The Strait of Hormuz Showdown - In Iran, an Uneasy Calm Amid a Cease-Fire - Will the U.S.-Iran Cease-Fire Hold? Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
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  • Hey everyone, it's Jess.

  • And Ryan.

  • We have a live event coming up that you do not want to miss. It 's in Los Angeles on Tuesday,

  • April 28th at the El Rey Theater.

  • We'll have Emmy winner and Oscar nominated actor Riz Ahmed.

  • Who was in the Star Wars movie Rogue One.

  • And TV and film producer Franklin Leonard.

  • We'll be talking about the future of Hollywood and we'll have a few other surprises.

  • Tickets are still available.

  • Grab yours now via the link in our show notes.

  • See you April 28th.

  • So before the war in Iran started, how were things going with the U.S. Economy?

  • So at the start of the year, if you looked at surveys about business or consumer confidence,

  • they were actually quite high relative to recent history.

  • Our colleague Dave Uberti covers markets and the economy.

  • Inflation was coming down and consumer spending was pretty robust.

  • You had an economy coming into the year where there was a lot of tailwinds.

  • There was optimism that the uncertainty from the tariff turmoil of last year was dying down.

  • There was optimism that President Trump's tax cuts would boost the economy in certain ways.

  • And there was optimism that the U.S. Consumer was pretty resilient after the last several years or so.