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The World in Brief from The Economist

Fears of energy shortage grow; Trump says he does not want a ceasefire with Iran, and more

The World in Brief from The Economist

The Economist

News, Daily News, News & Politics, Global News

4.11.2K Ratings

🗓️ 21 March 2026

⏱️ 5 minutes

🧾️ Download transcript

Summary

Meanwhile American stocks fell; the S&P 500 and the NASDAQ closed 1.5% and 2% lower respectively

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Transcript

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0:00.0

The Economist.

0:06.9

Hello, you're listening to the free edition of the World in Brief from The Economist.

0:12.1

As a reminder, if you subscribe to The Economist, you'll get access to a deeper look at the day ahead, updated three times a day.

0:19.6

If you're already an Economist subscriber, visit

0:22.0

economist.com slash espresso, or visit our Espresso app to start listening. Here's today's

0:27.8

free edition.

0:33.4

This is The World in Brief from The Economist.

0:41.3

Thank you. This is The World in Brief from The Economist. Our top stories.

0:44.2

Donald Trump said he did not want a ceasefire with Iran.

0:48.1

Quote, you don't do a ceasefire when you are literally obliterating the other side, he added.

0:54.3

Mr. Trump said NATO allies lacked courage to help America reopen the Strait of Hormuz.

1:00.9

Earlier, Britain gave America access to its bases to launch air strikes on Iranian sites

1:06.4

that were being used to attack ships in the strait.

1:10.1

America is reportedly sending at least

1:12.3

2,200 more Marines to the Middle East. The price of Brent Crude, the global oil benchmark,

1:19.7

reached $112 a barrel as fears of a global energy shortage grew. Reports that Iraq declared force

1:27.3

majeure on ships from its foreign

1:29.2

operated oil fields, implying that it cannot fulfill its contractual obligations contributed to the

1:35.3

rise. As did mounting speculation of an American operation on Karg Island, the site of Iran's

1:42.7

main oil terminal. Meanwhile, American stocks fell,

1:47.6

the S&P 500 and the NASDAQ closed 1.5% and 2% lower, respectively. The International Energy

1:56.1

Agency, an intergovernmental organization, recommended that people work from home as an emergency response

...

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