How The Israel-Iran War Is Reordering the Middle East

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 26 June 2025

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for June 26. With a weakened Iran and a strengthened Israel, Middle Eastern countries are re-evaluating their diplomatic ties. We hear from WSJ foreign correspondent Stephen Kalin about whatt his means for the region and its economy. Plus, oil companies are urging President Trump to push back on the European Union’s environmental rules. Reporter Collin Eaton discusses the influence that oil companies have in President Trump’s second term. And, after more than three decades, Anna Wintour steps down as editor in chief of American Vogue. Alex Ossola 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	Every day, you're faced with millions of data points, making crucial research noisier than ever before.
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0:24.1	Alpha Sense, powering the world's biggest decisions.
0:27.4	Learn more by visiting alpha-sense.com.
0:34.0	How the war between Iran and Israel is realigning the Middle East.
0:38.4	One of the driving motivations for Saudi Arabia to normalize with Israel was to deepen cooperation in countering Iran.
0:47.0	That threat is much less intense for Saudi Arabia than it once was, and so that incentive is not as strong as it once was.
0:53.9	Plus, oil companies are enlisting President Trump to push back against Europe's environment
0:58.8	rules.
0:59.8	And Anna Winter is ending her 37-year tenure as editor-in-chief of American Vogue.
1:05.5	It's Thursday, June 26th.
1:07.5	I'm Alex Osloaf for the Wall Street Journal.
1:09.8	This is the PM edition of What's News, the top headlines and business stories that move the world today.
1:17.5	Oil executives have enlisted President Trump in fights against climate rules across the U.S.
1:23.1	Now they have won his support in their effort to quash Europe's flagship environment rules.
1:28.2	Colin Eaton writes about oil companies for the journal and joins me now.
1:32.0	Colin, what have the oil companies been pushing for?
1:34.8	They're asking the president and his trade and economics team to use the trade negotiations
1:42.6	to push for a full rollback of a law that's called the corporate
1:47.5	sustainability due diligence directive. It requires any company with over 450 million euro in
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