President Trump called off the ceasefire with Iran, sending oil prices back up after weeks of cooling. Kai Ryssdal speaks with Brookings economist Robin Brooks about how the reignited conflict will affect global oil markets and what it means for prices at the pump. The episode also covers retailers stocking up early for the 2026 holiday season, a historic shift where business energy use surpassed residential for the first time, and a surge in public companies issuing new shares.
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Highlights
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Geopolitical shock sends oil prices back up
Trump’s cancellation of the Iran ceasefire immediately reversed the recent cooling in oil markets, with Robin Brooks explaining the direct impact on global oil supply and pump prices.