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WSJ What’s News

Are Higher Oil Prices the New Normal?

WSJ What’s News

The Wall Street Journal

Daily News, News

4.14.2K Ratings

🗓️ 24 March 2026

⏱️ 14 minutes

🧾️ Download transcript

Summary

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

Transcript

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0:00.0

Access to affordable credit helps me pay my employees, but I don't really need it.

0:05.0

Infliction is killing me!

0:08.0

But who cares? Big retailers are making record profits!

0:12.0

That's why we support the Durban Marshall Credit Card Bill!

0:15.0

See? Banks and credit unions help small businesses make payroll.

0:18.0

This bill would cut the vital resources they need.

0:25.1

While increasing megastore profits, they deserve it. Don't they?

0:29.1

Tell Congress, stop the Durban Marshall money grab for corporate megastores.

0:31.2

Paid for it by the Electronic Payments Coalition.

0:39.6

Signs of progress in the Senate as lawmakers pushed to fund the TSA.

0:45.5

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

0:49.6

Before the conflict, refinery runs in the Middle East.

0:52.0

We're around 26 million barrels per day.

0:56.4

Right now, we think the refiner rounds is close to 16 million barrels per day.

1:02.6

And the EU and Australia Inc. A Free Trade Deal has the world's middle powers link up.

1:06.4

It's Tuesday, March 24th. I'm Luke Vargas for the Wall Street Journal,

1:12.5

and here is the AM edition of What's News. the top headlines and business stories moving your world today.

1:23.2

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

1:29.5

potential agreement, according to Democratic senators, would be funding for an ICE division that carries out

1:34.2

immigrant arrests and deportations. Delaware Democrat Chris Coons said the deal would broadly require

1:40.0

ice to wear body cameras and display identification, though it's not clear if it would address

1:44.6

other core Democratic demands, including a ban on agents wearing masks. Meanwhile, the Senate has

...

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