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WSJ Opinion: Potomac Watch

Iran Fights Back on the Energy Front as Donald Trump Looks to ‘Finish the Job’

WSJ Opinion: Potomac Watch

The Wall Street Journal

News, Society & Culture

4.22.8K Ratings

🗓️ 12 March 2026

⏱️ 24 minutes

🧾️ Download transcript

Summary

While the U.S. and Israel joint operation destroys drones and nuclear missiles in Iran, the regime counters the only way it can, by threatening the world energy market. Plus, Donald Trump gives mixed messages about not leaving the region too soon, while still declaring the United States has 'already won.' Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:41.4

As the war in Iran closes in on the end of its second week, Iran's strategy to fight back is becoming very clear, impose as much

0:48.4

pain as possible on world energy markets. So President Trump stops the bombing sooner than he had planned. As the

0:58.1

world oil price hits $100 a barrel markets reel around the world, is that strategy working?

1:07.4

And what would victory for the U.S. look like in this Iran conflict? Those are our

1:13.7

questions for today on Potomac Watch on polls. You go here on the Daily Opinion podcast of

1:18.9

Wall Street Journal Opinion, and I'm here with my colleague Elliot Kaufman. So let's hear a summary,

1:26.2

quick summary by Dan Kane, the chairman of the Joint

1:28.7

Chiefs of Staff from Tuesday about the progress militarily that's being made.

1:33.6

Our strikes mean we've made significant progress in reducing the number of missile and drone

1:38.4

attacks out of Iran. Ballistic missile attacks continue to trend downward, 90% from where they've started,

1:45.9

and one-way attack drone has decreased 83% since the beginning of the operation.

1:53.0

A testament to our air defenders and our air defense systems, and as I said, our partners

1:58.2

in the region continue to do great work as well.

2:01.6

Second, we're making substantial progress towards destroying the Navy.

2:06.6

In the first 10 days of the conflict, were more than 50 Iranian naval ships into the campaign,

...

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