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The standoff in the Strait of Hormuz means millions of barrels of oil are still trapped in the Persian Gulf. As countries around the world begin to feel the impact of that energy shock, new inflation numbers are signalling that the U.S. economy is being impacted too. WSJ’s David Uberti explains how the stock market and consumers are processing what could be the worst oil crisis ever. Jessica Mendoza hosts.

Further Listening:

- The Strait of Hormuz Showdown

- In Iran, an Uneasy Calm Amid a Cease-Fire

- Will the U.S.-Iran Cease-Fire Hold?

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Get your tickets to our L.A. live show here!The Trump administration has shrunk the IRS. WSJ’s Richard Rubin reports on how the federal government has scaled back tax enforcement, leaving fewer federal employees to audit returns and collect unpaid tax debts. The cutbacks could lead to more Americans skirting the tax law. Jessica Mendoza hosts.

Further Listening:

- How Do You Refund $166 Billion?

- DOGE: The Plan to Downsize the GovernmentSign up for WSJ’s free What’s News newsletter.Sign up for WSJ’s free What’s News newsletter.

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President Trump’s announcement that the U.S. military would blockade the Strait of Hormuz sets up a risky showdown to control the strategic chokepoint. WSJ’s Vera Bergengruen explains what the blockade could look like, explores the global economic damage caused by the conflict and discusses what could come next in the war. Jessica Mendoza hosts.

Further Listening: - In Iran, an Uneasy Calm Amid a Cease-Fire

- Will the U.S.-Iran Cease-Fire Hold?

- Israel Wants "Decisive Victory" in Iran. Is It Succeeding?

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When Tom Curtis took over as president of Burger King in 2021, the company was struggling. After joining, Curtis worked to update restaurants and streamline the menu. Jessica Mendoza talks with Curtis about the fast food chain’s recent struggles, the rising price of beef and his turn as a social media influencer. 

Further Listening:

- KFC Got Fried in the Chicken Wars. Can It Come Back?

- The Epic Mess at TGI Fridays

- Red Lobster's New CEO Plots Its Comeback 

- McDonald’s Wants To Offer Quality And Value. Can It Do Both?

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Get your tickets to our L.A. live show here!After nearly six weeks of war in Iran, a fragile cease-fire is holding for now. But for people on the ground, the uncertainty is far from over. Jessica Mendoza speaks with a Tehran resident living through the strangeness of war and WSJ’s Jared Malsin unpacks the sticking points for achieving long-term peace.

Further Listening:

- Will the U.S.-Iran Cease-Fire Hold?

- Israel Wants "Decisive Victory" in Iran. Is It Succeeding?

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