Trump, Iran And A Brewing Economic Crisis
What A Day
What A Day
4.6 • 12.6K Ratings
🗓️ 11 March 2026
⏱️ 30 minutes
🧾️ Download transcript
Summary
In case you haven’t noticed, the American economy isn't doing so well right now. Oil prices have been on an absolute rollercoaster since the Iran war began — but that’s not all. On Friday, the Bureau of Labor Statistics reported that the U.S. lost nearly 100,000 jobs in February, pushing the unemployment rate up to 4.4 percent. So what exactly is going wrong with the economy, besides… everything? And what can we learn from past economic crises to hopefully avoid another one? To find out, we spoke to Rogé Karma. He’s a staff writer at The Atlantic and author of the economy-focused newsletter, Work in Progress.
And in headlines, Jane speaks to Crooked’s Washington Correspondent Matt Berg about a report that at least 20 countries are now militarily involved in the Iran war, the Democratic National Committee suing the Trump administration, and how flying cars are actually, maybe, really happening.
Show Notes:
- Check out Rogé's piece – https://tinyurl.com/3p3amzx9
- Call Congress – 202-224-3121
- Subscribe to the What A Day Newsletter – https://tinyurl.com/y4y2e9jy
- What A Day – YouTube – https://www.youtube.com/@whatadaypodcast
- Follow us on Instagram – https://www.instagram.com/crookedmedia/
- For a transcript of this episode, please visit crooked.com/whataday
Transcript
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| 0:00.0 | It's Wednesday, March 11th. |
| 0:05.2 | I'm Jane Koston, and this is why today. |
| 0:07.1 | The show that says U.S. Special Envoy, Steve Whitkoff, should start working on some new explanations for why we're in Iran. |
| 0:13.3 | Because this answer to CNBC's Sarah Eisen on Tuesday is not going to cut it. |
| 0:19.8 | On Iran, what do you say people to Steve, Americans who, you know, are struggling, |
| 0:25.6 | they're worried about higher gas prices, higher grocery prices, health insurance, you know, |
| 0:32.6 | making ends meet, you know, don't want foreign wars, certainly ones that don't have end dates and that risk |
| 0:39.4 | American lives. |
| 0:40.4 | What do you say to them about why this is so critical for the U.S. to be doing what it is |
| 0:45.4 | doing in Iran right now? |
| 0:47.3 | How do you persuade them? |
| 0:48.9 | I say to them, Sarah, that if they have children, think about what this world would look like if you didn't have Donald Trump as the president. |
| 0:59.9 | I think about that every single day, Steve. Every single day. |
| 1:18.3 | On today's show, one report says at least 20 countries are now militarily involved in the Iran war. And buckle up because we're headed back to the future. Flying cars are actually, |
| 1:23.5 | maybe, really happening. But let's start with the economy. In case you haven't noticed, |
| 1:28.9 | the American economy is not doing so great right now, for a lot of reasons. First, there's oil |
| 1:33.8 | prices, which have been on an absolute roller coaster since the war began. About 30% of the world's |
| 1:39.1 | oil comes through Iran's Strait of Hormuz, but the war has essentially brought that to a halt, |
| 1:43.8 | pushing oil prices and gas prices to their highest levelsormuz. But the war has essentially brought that to a halt, pushing oil prices |
| 1:44.6 | and gas prices to their highest levels in years. But according to White House Press Secretary, |
| 1:49.7 | Caroline Levitt, during Tuesday's briefing, we all shouldn't worry. Once the national security objectives |
| 1:55.5 | of Operation Epic Fury are fully achieved, Americans will see oil and gas prices drop rapidly, potentially even |
... |
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