What began as a relentless U.S.-Israeli military assault on Iran has turned into a wider crisis as the disruption of the world’s oil markets spreads beyond the Middle East.
Eric Schmitt, a national security correspondent for The New York Times, discusses what we know about the players involved in the fighting.
Guest: <a href="https://www.nytimes.com/by/eric-schmitt" target="_blank" rel="noopener noreferrer">Eric Schmitt</a>, a national security correspondent for The New York Times based in Washington.
Background reading: 
<ul>
 <li>War with Iran has become <a href="https://www.nytimes.com/2026/03/09/business/economy/trump-iran-oil-economy-fallout.html" target="_blank" rel="noopener noreferrer">the world’s latest economic hazard</a>.</li>
 <li>Follow updates <a href="https://www.nytimes.com/live/2026/03/10/world/iran-war-trump-us-israel" target="_blank" rel="noopener noreferrer">on the fighting</a> in the Middle East.</li>
</ul>
Photo: Arash Khamooshi for The New York Times
For more information on today’s episode, visit <a href="http://nytimes.com/thedaily?smid=pc-thedaily" rel="noopener noreferrer">nytimes.com/thedaily</a>. Transcripts of each episode will be made available by the next workday. 
Subscribe today at <a href="http://nytimes.com/podcasts">nytimes.com/podcasts</a> or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here <a href="https://www.nytimes.com/activate-access/audio?source=podcatcher">https://www.nytimes.com/activate-access/audio?source=podcatcher</a>. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app. Hosted by Simplecast, an AdsWizz company. See <a href="https://pcm.adswizz.com">pcm.adswizz.com</a> for information about our collection and use of personal data for advertising.

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