Iran Thinks It’s Winning the War

The Journal.

The Wall Street Journal

News, Daily News, Business News

4.2 • 5.8K Ratings

🗓️ 24 March 2026

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

Learn more about our L.A. live show here! Just weeks after the war started, Iran believes it is winning, but not because it has more firepower than the US and Israel. The regime wants its control over the Strait of Hormuz to become a permanent economic weapon. WSJ's Chief Foreign-Affairs Correspondent Yaroslav Trofimov reports on the steep price Iran wants to end the war. Ryan Knutson hosts. Further Listening: - The Escalating Crisis at the Strait of Hormuz - Will Gas Prices Go Up Because of the Iran War? Sign up for 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	Hey, it's Jess.
0:01.4	And Ryan.
0:02.3	Before we kick off today's episode, we have a fun announcement to make.
0:06.1	We are doing a live show again.
0:08.6	We love doing our live show in New York so much that we decided to take it on the road.
0:12.8	This time we'll be in Los Angeles at the L. Ray Theater on Tuesday, April 28th.
0:17.9	And just like last time, we're going to have special guests.
0:20.8	And since we'll be in LA, you can
0:22.8	prepare for a night of money, business, and power conversations about Hollywood. And after the show,
0:28.5	Ryan and I will stick around to meet you all. Tickets go on sale this Wednesday, March 25th at 10 a.m.
0:34.1	Pacific. You can find the link in our show notes. And again, the show is going to be
0:38.3	at the L. Ray Theater in L.A. on Tuesday, April 28th. Tickets go on sale this Wednesday, March 25th.
0:45.6	Hope to see you there.
0:50.5	Nobody thought. We took a little excursion because we felt we had to do that to get rid of some evil.
0:57.0	And I think you'll see it's going to be a short-term excursion.
1:00.7	How good is our military?
1:03.1	Since the war in Iran started, President Trump has been saying that it would be over quickly, thanks to a swift military campaign.
1:11.7	And the campaign has been swift.
1:14.3	The U.S. and Israel have delivered a significant blow to much of Iran's military capabilities.
1:19.2	The campaign has killed Iran's supreme leader, along with dozens of others in the country's
1:23.8	leadership, destroyed many of its missile launchers, decimated its navy,
1:28.8	and inflicted even more damage to its nuclear program.
	...

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