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Luke Vargas

👤 Speaker
5812 total appearances

Appearances Over Time

Podcast Appearances

WSJ What’s News
Are Higher Oil Prices the New Normal?

Meanwhile, the Senate has approved President Trump's choice to succeed Kristi Noem at DHS in a largely party-line vote.

WSJ What’s News
Are Higher Oil Prices the New Normal?

Mullen will face the task of pushing for a deal to reopen his agency and balancing the president's desire to deport large numbers of immigrants with a shift to a more low-profile enforcement style.

WSJ What’s News
Are Higher Oil Prices the New Normal?

Mullen's swearing-in is scheduled for this afternoon.

WSJ What’s News
Are Higher Oil Prices the New Normal?

The Pentagon is once again limiting press access, including rehousing credentialed reporters outside of the building and requiring that they have escorts when inside.

WSJ What’s News
Are Higher Oil Prices the New Normal?

The restrictions come after a federal judge on Friday ruled that prior limits on reporters' access to the Pentagon were unconstitutional, including forcing reporters to sign a document restricting their communication with military sources.

WSJ What’s News
Are Higher Oil Prices the New Normal?

The Defense Department has said it plans to appeal that ruling.

WSJ What’s News
Are Higher Oil Prices the New Normal?

Meanwhile, the DOD is set to meet face-to-face with Anthropic in court today in a dispute over the military's labeling of the company as a supply chain risk.

WSJ What’s News
Are Higher Oil Prices the New Normal?

The spat between the sides spilled out in public last month after Anthropic drew red lines around the use of its AI tools in mass surveillance and autonomous weapons, leading President Trump to call it a radical left woke company and direct every federal agency to immediately stop the use of its technology.

WSJ What’s News
Are Higher Oil Prices the New Normal?

Journal tech reporter Heather Somerville told us about the court fight to come.

WSJ What’s News
Are Higher Oil Prices the New Normal?

Israel, Kuwait, Bahrain and Saudi Arabia have been hit by a barrage of missiles this morning as Iran launched fresh attacks.

WSJ What’s News
Are Higher Oil Prices the New Normal?

That comes after President Trump said the U.S.

WSJ What’s News
Are Higher Oil Prices the New Normal?

military would stop strikes on Iranian power plants for five days following what he called productive talks with Tehran.

WSJ What’s News
Are Higher Oil Prices the New Normal?

Iran has denied the talks were taking place, according to state media, but acknowledged that countries in the region were trying to get diplomacy going.

WSJ What’s News
Are Higher Oil Prices the New Normal?

At the same time, Journal Middle East editor Andrew Dowell says that Gulf countries are weighing whether to get more involved in the fighting.

WSJ What’s News
Are Higher Oil Prices the New Normal?

President Trump promised earlier this month that once Iran's nuclear threat was taken out, prices would drop rapidly.

WSJ What’s News
Are Higher Oil Prices the New Normal?

But how likely is that now, as banks raise their medium-term oil price forecasts and energy producers warn that it could take years to rebuild following Iranian attacks?

WSJ What’s News
Are Higher Oil Prices the New Normal?

Jorge Leon is the head of geopolitical analysis at Rystad Energy.

WSJ What’s News
Are Higher Oil Prices the New Normal?

Jorge, it's a new week, but here we are once again focusing on Iran holding up traffic through the Strait of Hormuz, despite the country now having been hit thousands of times by the U.S.

WSJ What’s News
Are Higher Oil Prices the New Normal?

and Israel.

WSJ What’s News
Are Higher Oil Prices the New Normal?

Obviously, we saw how markets were very quick to price in a short-term disruption of Hormuz traffic.