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WSJ Minute Briefing

Oil Jumps on Disruption Fears in Strait of Hormuz

WSJ Minute Briefing

The Wall Street Journal

Business News, News

4.1671 Ratings

🗓️ 2 March 2026

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus: Gulf states face Iranian counter attacks, upsetting their image of safety. And U.S. forces used Anthropic’s AI to coordinate strikes in Iran, defying a White House order to stop working with the company. Daniel Bach hosts. 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

Could AI help you do more of what you love?

0:03.1

Workday is the next-gen ERP powered by AI that actually knows your business.

0:08.4

We help you handle the have-to-dos so you can focus on the can't-wait-to-dos.

0:13.2

It's a new workday.

0:18.0

Here's your morning brief for Monday, March 2nd.

0:20.5

I'm Daniel Bach for the Wall Street Journal.

0:22.9

48 hours after launching major combat operations against Iran, the U.S. and Israel are keeping up the fight.

0:30.0

We report that they have collectively struck more than 2,000 targets inside Iran.

0:34.9

And speaking last night, President Trump pledged to push on, saying the U.S.

0:38.5

would avenge the death of three American troops killed over the weekend. A number of Gulf states

0:43.5

have also come under fire in Iranian counterattacks, including the Mediterranean island of Cyprus,

0:48.9

which is home to a British military base. Oil prices have surged as strikes on ships in and out of the Strait of Hormuz have

0:55.8

thrust one of the world's key choke points for energy into the crossfire. Iranian officials and

1:00.9

media have shared conflicting statements about whether Tehran intends to block sea traffic

1:05.3

through the strait, while some tanker tracking firms say many companies are avoiding the narrow

1:10.1

shipping route out of caution.

1:12.1

If Iran does shut the straight, several banks are now predicting $100 a barrel oil could be in play.

1:18.8

And U.S. forces reportedly used Anthropics AI to coordinate airstrikes in Iran, defying a White House order to stop working with the company.

1:27.2

The move underscores how deeply

1:28.7

embedded the technology remains in military operations, despite growing tension between the Pentagon

1:33.7

and the tech firm. Despite the federal blacklist, Anthropics AI bought Claude has surged to the top

1:39.5

of the Apple App Store, outperforming rivals ChatGBT and Google Gemini. The rise follows a public backlash

...

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