How much leverage does Iran really have over oil trade?

Make Me Smart

Marketplace

News, Business

4.6 • 5.4K Ratings

🗓️ 23 June 2025

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Oil markets went into a state of panic after the United States launched strikes on Iranian nuclear facilities over the weekend, stoking fears that Iran could retaliate by closing the Strait of Hormuz. But Iran’s control over the key oil trade route may not be the economic weapon many think it is. We’ll explain. And, several provisions in the Republicans’ reconciliation bill haven’t made it through the so-called “Byrd Bath” and risk being axed from the legislation. Plus, did you know killer whales aren’t really whales?

Here’s everything we talked about today:

"Capitol agenda: How Johnson may block an Iran rebuke" from Politico
"11 days until July 4: Byrd Bath and policy fights on deck" from Punchbowl News
"Senate parliamentarian rejects GOP attempt to authorize states to conduct immigration enforcement" from The Hill
"G.O.P. Can’t Include Limits on Trump Lawsuits in Megabill, Senate Parliamentarian Rules" from The New York Times
"Iran Has an Oil Card to Play. So Does the U.S." from The Wall Street Journal
"The largest digital camera ever built has released its first shots of the universe" from AP News
"Vera C Rubin Observatory first images" from BBC Sky at Night Magazine
"Killer whales seen grooming each other with kelp in first for marine tool use" from The Guardian

Got a question for the hosts? Email [email protected] or leave us a voicemail at 508-U-B-SMART.

Transcript

Click on a timestamp to play from that location

0:00.0	Let's talk about something that might be keeping you up at night. Cybersecurity. According to Vantar's latest state of trust report, it's the number one concern for UK businesses. That's where Vanta comes in. Whether you're a startup, growing fast or already established, Vanta can help you get ISO-2701 certified and more without the headaches.
0:22.5	And Vanta allows your company to centralise security workflows,
0:26.2	complete questionnaires up to five times faster,
0:28.5	and proactively manage vendor risk to help your team not only get compliant, but stay compliant.
0:34.3	Stop stressing over cyber security and start focusing on growing your business. For a
0:39.5	limited time, our audience gets $1,000 off Vanta at vanta.com slash go. That's va-n-ta.com
0:47.1	slash go for $1,000 off. Because when it comes to your business, it's not just about keeping the lights on.
0:53.6	It's about keeping
0:54.4	everything secure. Hello, everyone. I'm Kimberly Adams. Welcome back to Make Me Smart, where we make
1:07.3	today make sense. Hi, and I'm Marie Mcreis. Thank you for joining us, everyone.
1:11.8	It is Monday, June 23rd.
1:14.2	Today we're going to do some news, then some much-needed smiles.
1:17.6	Why don't we start with the news?
1:19.5	I mean, there's really one huge story.
1:22.2	Obviously, the U.S. strikes on Iranian nuclear facilities over the weekend, which was just a huge development of
1:29.8	the United States stepping into this war between Israel and Iran. And now Donald Trump is
1:36.2	talking about regime change. Members of Congress are pushing for certain members of Congress,
1:43.0	mostly Democrats, but a couple of Republicans,
1:45.4	pushing for a vote on the War Powers Act or trying to basically say that, you know,
1:51.4	they want to deauthorize actions in Iran.
1:55.5	But I'm sure everybody's been hearing about it all weekend.
1:59.3	I have to say, I was really stunned that he actually did it. I don't know about you. Oh, same. I was, yeah, I was kind of, I was on this like semi-remote island over the weekend and didn't really have internet access. And then I an update and I yeah I couldn't believe it at
	...

Transcript will be available on the free plan in 20 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Marketplace, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Marketplace and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.