Iran War Update: Trump's awful speech to the nation

On today’s show, I’ll talk first about Trump’s speech last night, and why it seems to have made things worse, not better. Instead of calming markets or reassuring the public, Trump basically hinted that this war could go on for a long time, while offering little real clarity about the endgame. And the fallout was immediate: oil prices jumped, the stock market initially fell, and traders clearly took his comments as a sign that this conflict is getting deeper, more expensive, and more dangerous.

I’ll also break down the economic shock that’s now starting to hit. West Texas crude surged, Brent jumped, and the real-world price for physical oil shipments reportedly shot above $140, the highest since 2008. Gas prices were already high, and there are now warnings they could rise sharply in the next two weeks, with diesel climbing even more. Trump’s war is about to become a direct hit on the American economy.

Then I’ll get into the broader fallout inside Trumpworld and across the country: the administration changing its story again about why this war is being fought, reports that top officials were caught off guard by how hard Iran hit back, new signs that even Republican voters are getting uneasy, and the larger question of whether Trump and his team actually understood what they were unleashing. After that, I’ll move into the rest of the day’s chaos, but the heart of today’s show is Trump’s speech, the fallout from it, and the rising oil prices that may end up defining this moment politically and economically.

Here is today's show: