From the New York Times, it's the headlines.

I'm Tracy Mumford.

Today's Wednesday, March 11th.

Here's what we're covering.

The Times has learned new details about how the Trump administration miscalculated how Iran would react to the war, both in the scale of its response

and how it would shake the global economy. Before the attacks began, the energy secretary

Chris Wright said publicly he was not concerned a war would disrupt oil sales, pointing to the 12-day

conflict with Iran last June when there was little disruption.

Some of Trump's other advisors shared similar views in private, dismissing warnings that

Iran could choke off the strait of Hormuz that carries roughly 20 percent of the world's

oil supply. But that is exactly what's happened. Now commercial shippings come to a standstill in the Gulf.

Oil prices have spiked, and the administration's been scrambling to find ways to tamp down the crisis.

Yesterday, the stock market loved it when Wright posted on social media that the Navy had successfully escorted a tanker through the troubled strait.

Oil markets were reassured. He then deleted the

post after administration officials said no escorts had taken place, and markets once again went into

turmoil. So, Brian, you did a phone interview with the president of the United States. What is his

read on this? So I asked him, how do you get that, how do you get the prices down? I know how much

you care about oil and gas. And he says, President Trump himself has been frustrated by the

situation. At one point earlier this week, he told Fox News that oil tanker crews should just

go straight through. Here's exactly what he said. These ships should go through the Strait of

Hormuz and show some guts. There's nothing to be afraid of.

They have no Navy. We sunk all their ships.

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