2026-03-12
14 分钟Oil rallies yet again as Iran strikes several tankers in the Persian Gulf.
Plus, President Trump returns to the tariff drawing board, targeting a number of big exporters.
And a new study finds that AI isn't lightening workloads.
Quite the opposite.
And so basically the conclusion was that AI doesn't necessarily create as much efficiency as many had hoped.
What it instead does is replaces that with even more work and different kinds of work,
but more work nonetheless.
It's Thursday, March 12th.
I'm Luke Vargas for The Wall Street Journal, and here is the AM edition of What's News,
the top headlines and business stories moving your world today.
The war in the Middle East is causing the biggest disruption to oil markets ever seen,
according to the International Energy Agency.
The IEA this morning slashed its forecasts for oil supplies,
saying it now expects supply to grow by just 1.1 million barrels a day this year,
a dramatic cut from the 2.4 million daily barrels expected previously.
All supply growth is now expected to come from outside of the OPEC Plus alliance,
with the conflict forcing major Gulf producers to curb output and effectively shutting the Strait of Hormuz.
Overnight,
crude prices topped $100 a barrel after Iran attacked three cargo ships trying to transit the waterway and hit two oil tankers in Iraqi waters with projectiles.
And the threat to international shipping isn't confined to the Persian Gulf any longer.