Oil rise: Trump gets the jitters

中国的中东策略

The Intelligence from The Economist

2026-03-10

23 分钟
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After oil prices climbed to nearly $120 a barrel yesterday, Donald Trump signalled a possible abrupt end to the conflict in Iran. Markets calmed, but the course of the war remains unclear. Why China’s government has said little about Iran. And how a hippy grocery store became America’s swankiest supermarket. Guests and host: Edward Carr, deputy editor of “The Economist”Simon Rabinovitch, Beijing bureau chiefAvantika Chilkoti, global business correspondent Rosie Blau, host of “The Intelligence” Topics covered:  Iran, Donald Trump, Brent Crude, financial markets, Asia, oil shockChinese foreign policy, Wang YiErewhon, food prices, supermarkets Listen to what matters most, from global politics and business to science and technology—Subscribe to Economist Podcasts+ For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.  Hosted on Acast. See acast.com/privacy for more information.
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  • The Economist.

  • Hello and welcome to The Intelligence from The Economist.

  • I'm your host, Rosie Blau.

  • Every weekday, we provide a fresh perspective on the events shaping your world.

  • The war in Iran continues to dominate the headlines.

  • Strange thing is one of the world's most important countries has said little about it.

  • Our correspondent asks why China stays mute on the Middle East.

  • And it started life as a humble hippie grocery store in LA.

  • Now it's America's trendiest and priciest supermarket, frequented by celebrities and Instagrammers.

  • Not a place to go for peace and quiet.

  • But first, when America launched its joint operation on Iran,

  • the White House said the conflict could last for four to six weeks.

  • Yesterday, Donald Trump suggested the end may in fact come very soon.

  • We're achieving major strides toward completing our military objective, and some people could say they're pretty well complete.

  • Shortly after that, though, he insisted America was going to go further,

  • threatening Tehran with death, fire and fury if it continued to block oil supplies.

  • Nevertheless, Trump's comments did calm stock markets.

  • And the price of a barrel of Brent crude, the global oil benchmark,

  • which hit nearly $120 yesterday at its peak, fell to $90.

  • So, is there now clarity on the course of events or confusion?