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WSJ What’s News

U.S. Steps Up Fight to Reopen Strait of Hormuz

WSJ What’s News

The Wall Street Journal

Daily News, News

4.14.2K Ratings

🗓️ 20 March 2026

⏱️ 11 minutes

🧾️ Download transcript

Summary

A.M. Edition for Mar. 20. Oil futures retreat as countries step in to try and calm energy markets and end the harassment of maritime traffic. Plus, WSJ Middle East correspondent Omar Abdel-Baqui discusses how Dubai is fighting to protect its image by pairing an advertising blitz with a crackdown on content that “contradicts official announcements” on the safety of the city. And President Trump tells his inner circle that some mass deportation policies went too far as his team looks for an immigration reset ahead of the midterms. Luke Vargas hosts. Sign up for the 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

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0:24.0

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0:26.2

When investing, your capital is at risk.

0:28.5

Tax rules apply.

0:32.9

Oil futures retreat as countries step in to try and calm markets.

0:37.7

Plus, Dubai pairs an advertising blitz with a social media crackdown to protect its image.

0:43.7

So part of Dubai's appeal is its safety, and it only took a few days to puncture a reputation that took them decades to build.

0:54.3

And we'll get the latest from D.C. as Congress ends another week, no closer to resolving a partial government shutdown.

1:01.5

It's Friday, March 20th. I'm Luke Vargas for the Wall Street Journal.

1:05.0

And here is the AM edition of What's News, the top headlines and business stories moving your world today.

1:16.2

The U.S. military is scaling up efforts to try and reopen the Strait of Hormuz.

1:21.6

We report that the operation involves attacking Iranian naval vessels with low-flying jets

1:26.2

and hunting drones with Apache helicopters,

1:29.3

an effort meant to clear away a web of Iranian assets that have harassed traffic through the maritime chokepoint.

1:35.3

While Defense Secretary Pete Hegseth says the U.S. has now damaged or destroyed more than 120 Iranian naval vessels,

1:42.7

experts say the mission could take weeks to show results,

1:46.2

with Iran still believed to have a vast stockpile of mines and hundreds of undamaged boats

1:51.6

stored in tunnels along its coast and on islands. Well, adding urgency to that mission is a new

1:57.4

projection from Saudi officials that oil prices could top $180 a barrel if disruption

...

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