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After launching air strikes on Iranian unclear facilities over the weekend, President Trump posted to Truth Social, demanding that U.S. oil firms “drill, baby, drill.” Although ongoing conflict in the Middle East could balloon oil prices, it’s unlikely that domestic producers are racing to ramp up production just yet. Also in this episode: Renting may be more appealing than buying right now, Treasury auctions see stability, and tariffs threaten the success of a Wyoming trona mine.
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The United States has bombed Iranian nuclear facilities—an extraordinary military action authorized by a President who campaigned against prolonged wars. In today’s interview, national security expert Michael Allen, host of NatSec Matters, offers insight into the Israeli strikes, Iran’s capacity to respond, and what Trump’s decision means for the region and the world. Plus, we weigh the risks of a quagmire against the reactions from MAGA loyalists who only just learned how to pronounce “Fordow.” Trump’s instincts are erratic, his rhetoric reckless—but the strikes appear largely effective, and now the world waits to see what comes next.
Produced by Corey Wara
Production Coordinator Ashley Khan
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As US debt soars and foreign central banks stockpile gold, members of Congress introduce a bill to require a comprehensive audit of America’s gold reserves.
Original article: https://mises.org/power-market/members-congress-introduce-comprehensive-us-gold-audit-legislation
Explosions were heard in the US-run airbase at Al-Udeid in Qatar as short-and-medium-range ballistic missiles, originating from Iran, targetted the site. There are no reports of US casualties. Also in the programme: after Israel targeted Iran's Evin prison, which holds many political prisoners, an Iranian-American journalist who was a prisoner there tells us about the jail; and scientists learn that killer whales like massaging each other with seaweed.
(Photo: Interceptor missiles are fired after Iran's armed forces say they targeted the Al-Udeid base in a missile attack, as seen from Doha, Qatar Credit: REUTERS/Stringer)
Things are heating up in the Middle East -- as the world studies a possible correlation between pizza orders and US military activity, the United States Air Force and Navy launch the largest B-2 operation in history, striking multiple sites in the nation of Iran. A curious trade group in Ghana protests a new tax regime. Over in Chicago, a long-serving legislator gets popped for frankly cartoonish levels of corruption. All this and more in this week's strange news segment.
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array(3) { [0]=> string(150) "https://www.omnycontent.com/d/programs/e73c998e-6e60-432f-8610-ae210140c5b1/2e824128-fbd5-4c9e-9a57-ae2f0056b0c4/image.jpg?t=1749831085&size=Large" [1]=> string(10) "image/jpeg" [2]=> int(0) }P.M. Edition for June 23. President Trump said the U.S. received advance notice of Iran’s attack and thatno Americans were harmed and little damage was sustained. Trump said.and indicated that he believed the attack wouldn’t escalate the crisis in the region. WSJ national security reporter Lara Seligman joins to discuss how the U.S. might respond. Plus, investors prepare for the possibility that Iran could close the Strait of Hormuz, the world’s main energy shipping artery. We hear from WSJ investing columnist Spencer Jakab what impact this would have on oil prices and inflation. And fewer Chinese companies are listing on U.S. stock exchanges. James Areddy covers Chin a for the Journal and explains how the U.S.-China relationship fits into it. Alex Ossola hosts.
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But U.S. crude oil futures tumbled and energy stocks posted muted declines after Iran launched missiles at a U.S. base in Qatar and at Iraq. Plus: Tesla shares rose after it debuted its robotaxi service. And stock in Hims & Hers slid after Novo Nordisk ended their partnership. Danny Lewis hosts.
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