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The World in Brief from The Economist

Oil prices jump; Israel strikes Lebanon, and more

The World in Brief from The Economist

The Economist

News, Daily News, News & Politics, Global News

4.11.2K Ratings

🗓️ 2 March 2026

⏱️ 4 minutes

🧾️ Download transcript

Summary

Oil prices surged dramatically when markets opened in Asia as traders reacted to the war in Iran that began over the weekend.

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Transcript

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0:00.0

The Economist

0:04.3

Hello, you're listening to the free edition of the world in brief from The Economist.

0:12.6

As a reminder, if you subscribe to The Economist or our new podcast subscription, Economist Podcast Plus,

0:19.9

you'll get access to a deeper look at the day ahead,

0:23.0

updated three times a day. You'll also get access to the rest of our award-winning podcasts.

0:29.7

If you're already a subscriber, visit economist.com slash the world in brief, or visit the

0:36.1

economist app to start listening.

0:38.6

Here's today's free edition.

0:44.7

This is the World In Brief from The Economist.

0:51.4

Our top stories.

1:01.1

Oil prices surged dramatically when market opened in Asia as traders reacted to the war in Iran that began over the weekend.

1:07.0

Brent Crude, the global benchmark, jumped to $82 a barrel from $73 on Friday.

1:11.8

European diesel futures rose by 10% to the highest level in two years.

1:17.9

Wood McKenzie, a research firm, reckons oil prices could surpass $100 if conflict around the Persian Gulf continues.

1:20.8

Israel carried out strikes on parts of Lebanon, including Beirut, the capital, after

1:24.8

Hezbollah launched missiles at Israel.

1:27.2

The Iran-backed militant group said its strikes were in response to repeated Israeli

1:31.2

aggressions. A senior Israeli official warned Hisbola that it would be fully responsible for

1:36.4

any escalation. The two sides signed a ceasefire in November 2024.

1:42.8

President Donald Trump planned to speak with Iran's new leadership, according to comments he

1:47.1

gave to the Atlantic magazine.

1:49.2

They want to talk, he said, though declined to say when a conversation would happen.

...

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