From the New York Times, I'm Rachel Abrams, and this is the Daily.

Since the war with Iran began, President Trump has insisted that rising energy prices would be temporary.

But the strikes last week on important natural gas facilities in Qatar and elsewhere in the Gulf

have made the prospect of a quick recovery seem less and less likely.

Today, my colleague Patricia Cohen explains why the economic impacts may be felt for years.

Hi, Patty Cohen.

Hey, Rachel.

You are a first-time guest, I think?

Yes, first-time guest, long-time listener.

That's what we like to hear.

So, Patty, at the beginning of the war, so much of the conversation about energy prices

focused on the strait of Hormuz, getting oil and gas out of the Persian Gulf.

And because the Strait of Hormuz has been closed, oil prices spiked super quickly because the uncertainty about when the street would actually open again, that is still a huge issue.

But it seems like in the last few days, the energy situation has expanded beyond the street.

So tell us what's been going on.

So I would say that the attacks that we saw last week on some of the energy infrastructure really moved the war into another phase in terms of both energy supplies and the global economy.

Instead of talking about the impact in terms of days and weeks, now we're talking about it

in terms of months and years.

And why is that?

Because what you had is that the production capacity, the ability to supply one of the world's really important energy supplies, which is liquefied natural gas, those facilities were bombed.

You're talking about different attacks, right?

You're talking about the Israel attacks on the Iran energy infrastructure and the Iranian attacks on infrastructure

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