Oil price drops after Trump hints at short Iran war
Global News Podcast
BBC
4.3 • 8.3K Ratings
🗓️ 10 March 2026
⏱️ 26 minutes
🧾️ Download transcript
Summary
Oil price falls and stock markets rally after President Trump hints that war with Iran could be shorter than he'd previously said. But he also says America hasn't yet won enough. We also look at how the war is continuing to affect Lebanon, and how the Iranian women's football team has been dragged into the conflict fallout at a tournament in Australia. In other news, the AI firm Anthropic sues the US government. And Russia wins its first gold medal at a Winter Paralympics in more than a decade.
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Transcript
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| 0:00.0 | BBC Sounds, Music, Radio, Podcasts. |
| 0:05.6 | This is the Global News podcast from the BBC World Service. |
| 0:12.4 | I'm Celia Hatton, and in the early hours of Tuesday, the 10th of March, these are our main stories. |
| 0:19.2 | President Trump says the war in Iran will end soon, but not |
| 0:22.6 | this week. Global oil prices fall in response to Mr. Trump's comments. Israel continues to strike |
| 0:29.7 | targets across Lebanon with links to the Iran-backed group Hezbollah. Also in this podcast, Russia wins its first winter Paralympic gold medal under its own flag since 2014. |
| 0:47.3 | Starting with the U.S. Israel War with Iran. |
| 0:52.3 | Over the last week or so, President Trump has said many things about his objectives for the U.S.-Israel war with Iran. Over the last week or so, President Trump has said many |
| 0:56.2 | things about his objectives for the war and how long it will take to achieve them. Before, he said |
| 1:02.2 | the military campaign could take some time and the biggest strikes in the war were still to come. |
| 1:08.0 | Those comments led to a surge in the price of oil and a drop in stock markets |
| 1:12.5 | across the world. Mr. Trump now appears to have changed his tune. In a media briefing, he suggested |
| 1:19.2 | the U.S. had nearly completed its military plan for Iran. We're achieving major strides toward |
| 1:26.9 | completing our military objective. |
| 1:30.1 | And some people could say they're pretty well complete. |
| 1:32.9 | We've wiped every single force in Iran out very completely. |
| 1:39.1 | Most of Iran's naval power has been sunk. |
| 1:43.6 | It's on the bottom of the sea. It's almost 50 ships. I was just |
| 1:48.4 | notified it's 51 ships. He also addressed concerns about Iran's chokehold over oil supplies. |
| 1:56.0 | Tehran has an effect closed the Strait of Hormuz by making it too dangerous for ships to pass through. |
| 2:02.0 | The U.S. president threatened to bomb targets in Iran that the U.S. has so far avoided, |
| 2:07.8 | such as electricity infrastructure, if tankers could not pass through the waterway. |
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