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Iran Thinks It’s Winning the War

March 24, 2026·19 min·1 clip

Iran aims to transform the Strait of Hormuz into a tollbooth, threatening global energy dominance.

This episode analyzes the ongoing war between Iran and the U.S., focusing on Iran's strategic control of the Strait of Hormuz as an economic weapon. It explores Iran's internal power shifts, the global impact of oil price surges, and the challenging military and diplomatic options facing the U.S. to resolve the conflict.

As heard by us

A sharp account of how war with Iran turns military pressure into oil-market strain and hard choices for Washington.

The Journal turns a war story into an energy and policy story, following how a U.S. and Israeli campaign against Iran feeds through the Strait of Hormuz, oil supply, and Washington's narrowing choices.

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Why you'd press play

You want to know how Iran's Strait of Hormuz leverage travels from a narrow waterway to your gas pump.

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