Iran Is Trying to Choke Off Traffic in the Strait of Hormuz

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• 00:03

  Inflation held steady in February, but the bigger question is what comes next?

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  Plus, why the U.S.

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  military isn't helping oil tankers get through the Strait of Hormuz.

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  What American defense officials are looking at is saying, like,

• 00:16

  if we send our people in there, they're going to be in the line of fire themselves.

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  It's not safe for them either.

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  So that's why they're not currently offering that to the oil or shipping industries.

• 00:27

  And Democrats are pitching tax cuts for millions of Americans to try to win over voters.

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  It's Wednesday, March 11th.

• 00:34

  I'm Alex Osula for The Wall Street Journal.

• 00:37

  This is the p.m.

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  edition of What's News, the top headlines and business stories that move the world today.

• 00:48

  A new report out today from the Labor Department showed that consumer prices rose 2.4 percent in February from a year earlier.

• 00:55

  That's the same pace as in January and pretty much what economists expected.

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  But these numbers are from before the U.S.

• 01:02

  and Israel attacked Iran, and the war threatens to raise a lot of prices.

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  WSJ Investing columnist Spencer Jacob joins us now to discuss the question on everyone's mind,

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  just what can February's numbers tell us?

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  Spencer, under normal circumstances,

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  these numbers would have been a key reading on what prices are doing.

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