2026-03-05
42 分钟The Economist.
On Saturday morning, US and Israeli missiles struck the heart of Tehran.
And after the first round of attacks, we've seen multiple reports in Israeli media
saying that the supreme leader of Iran, Ayatollah Ali Khamenei, is dead.
In a video, President Trump listed the reasons for the attack, which went far beyond concerns about Iran's nuclear program.
For 47 years, the Iranian regime has chanted death to America and waged an unending...
But for now, the Iranian regime survives and has been hitting back.
Over the past few hours, Iran has launched attacks on several US allies in the region, Kuwait, Qatar and Bahrain.
There are reports of a Saudi oil refinery coming under an Iranian drone attack.
By hitting its neighbors' oil infrastructure,
Iran can ensure the effects of the war are felt far beyond the Middle East.
And it has another crucial lever, the Strait of Hormuz.
20% of the world's oil and gas trade flows through the passage along Iran's southern border.
Iranian media reports that authorities have been ordered to set any ship trying to pass through on fire.
All of that has had a serious impact on the price of oil.
Here we go, WTI sitting at $77 a barrel, that's up 3%.
Brent crude sitting just above $80 a barrel.
JP Morgan predicting that we could see an oil price of around $120 a barrel.
But just how extreme will the economic fallout from the war be?
You're listening to Money Talks from The Economist,