Are Higher Oil Prices the New Normal?

油价是否将进入新常态?

WSJ What’s News

2026-03-24

13 分钟
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A.M. Edition for Mar. 24. U.S. allies in the Persian Gulf are tightening the screws on Tehran in response to persistent attacks. Rystad Energy’s Jorge León explains how Iran’s continued strikes on the region and ability to exert control over the Strait of Hormuz mean oil is likely to remain expensive for longer. Plus, the EU and Australia ink a free-trade deal as the world’s “middle powers” link up. And Estée Lauder is in talks to acquire Puig Brands in a deal that would create a global beauty giant and add cult brands Charlotte Tilbury and Byredo to its sprawling portfolio. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
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  • Signs of progress in the Senate as lawmakers push to fund the TSA,

  • plus oil rebounds as traders assess potential long-term hits to global energy supplies.

  • Before the conflict.

  • The refinery runs in the Middle East.

  • We're around 26 million barrels per day.

  • Right now, we think the refinery runs is close to 16 million barrels per day.

  • And the EU and Australia, Inc.

  • A free trade deal as the world's middle powers link up.

  • It's Tuesday, March 24th.

  • 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.

  • Senators say they are closing in on a deal to fund most of the Department of Homeland Security,

  • including the TSA, as security lines continue to grow at airports nationwide.

  • Carved out of the potential agreement,

  • according to Democratic senators, would be funding for an ICE division

  • that carries out immigrant arrests and deportations.

  • Delaware Democrat Chris Coons said the deal would broadly require ICE to wear body cameras

  • and display identification, though it 's not clear if it would address other core Democratic demands,

  • including a ban on agents wearing masks.