More Iran War Strikes, Higher Oil Prices; Why an Algorithm is Cutting Disability Benefits | Sept. 9
Continued conflict between the U.S. and Iran in the Strait of Hormuz has pushed oil prices to around $100 a barrel for the first time since July. This escalation is marked by Iran's expansion of its exclusion zone, tightening its blockade and challenging U.S.-permitted shipping, amid significant economic pressure on both countries.
The escalating conflict threatens global oil supplies, driving up energy costs for consumers and businesses worldwide, while also raising geopolitical tensions in a critical shipping waterway. The economic pressures on both the U.S. and Iran are not leading to de-escalation, suggesting continued volatility.
The episode also covers Nebraska's use of an algorithm to cut Medicaid benefits for people with disabilities, and Apple's launch of the new foldable iPhone Duo and its new CEO John Ternus.
US-IRAN RELATIONS STRAIT OF HORMUZ OIL PRICES ECONOMIC SANCTIONS
