Nobel Economist: Trump's War Driving Up Prices
The Beat with Ari Melber
Ari Melber, MS NOW
4.6 • 4.2K Ratings
🗓️ 31 March 2026
⏱️ 42 minutes
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| 0:00.0 | Welcome to the beat, everyone. I'm Ari Melburgh. We begin with Trump signaling a possible end to this war, |
| 0:06.9 | but it would leave the U.S. and our allies in a much worse position. That aspect of this is not in debate. |
| 0:14.0 | Indeed, U.S. policy planning from inside the Trump administration has warned about exactly the outcome Trump might leave us with. |
| 0:22.0 | Trump mulling, abandoning what has been everyone's agreed upon reason for this region to matter, |
| 0:31.0 | the oil, but he would abandon U.S. strength. |
| 0:35.6 | He would leave without reopening the key straight of her moves. |
| 0:39.3 | 20% of the world's oil moves through the street. Iran is blocking it, and that is a huge reason |
| 0:44.9 | why prices are spiking. Gas now $4 a gallon. That is already having other impacts. The stock market |
| 0:52.3 | doesn't think with just one mind, |
| 0:54.3 | but we can show you amid this war and the uncertainty Trump has caused. Sox are now on pace for the |
| 1:00.0 | worst quarter in four years. You can see the drop right there. You'd have to go back many years |
| 1:06.0 | in a different administration to find anything like this. Some traders call it a gut punch that will become a Trump |
| 1:12.2 | recession. Not all recessions can be cleanly blamed on the incumbent, but if this recession is a cause |
| 1:19.0 | of this, it's caused by this war, well, that's Trump. Wall Street Journal reporting about the |
| 1:25.0 | straight that in recent days, Trump and AIDS assessed a mission to pry open the choke point |
| 1:30.6 | could push the conflict beyond his timeline. |
| 1:33.4 | And Trump now, having started the war, says maybe that's just other people's problems, |
| 1:37.9 | telling countries to get their own oil. |
| 1:42.4 | The president was clear this morning in his truth, that there are countries around the world who ought be prepared to step up on this critical waterway as well. It's not just the United States Navy. Last time I checked, there was supposed to be a big bad Royal Navy that could be prepared to do things like that. |
| 2:02.8 | Amid this obvious policy confusion, what in energy terms might be called a surrender on the very |
| 2:09.6 | key issue in the region. There's also talk about mulling boots on the ground, having the |
| 2:15.8 | preparedness to do that, whether that is a strategic |
... |
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