Four U.S. Troops Killed in Iraq Plane Crash
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What happened in the recent U.S. Air Force plane crash in Iraq?
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Tell Congress, stop the Durbin Marshall money grab for corporate megastores. Paid for by the Electronic Payments Coalition. Iran and the U.S. intensify their war rhetoric yet again. Plus, TikTok's parent company gets access to NVIDIA's top AI chips as it pushes a global expansion.
They've struggled to acquire the amount of compute they need in order to push at the frontiers of AI. And NVIDIA's Blackwells are top chips and they're after them.
And U.S. employers stare down the biggest annual jump in health insurance costs in a decade and a half. We'll look at how they plan to cope. It's Friday, March 13th. I'm Luke Vargas for The Wall Street Journal, and here is the AM edition of What's News, the top headlines and business stories moving your world today. The U.S. is easing sanctions on Russian oil. In a move that's designed to boost supply and ease price pressures, countries will be allowed to purchase Russian oil that's already at sea until April 11th. I asked journal correspondent Thomas Grove what to make of the policy shift.
Treasury Secretary Scott Besson said in a post on X that the sanctions exemption is a narrowly tailored short-term measure. And he says that it shouldn't provide a lot of economic benefit to Russia in the long term. This certainly shows us that the priority in Washington is to make sure that there's enough oil on the market to keep prices low. And that's more important, I think, to Washington right now than preventing Russia from gaining additional revenues that are feeding its war right now in Ukraine. But with that in mind, of course, there is a whole universe of sanctions on Russia and Russian oil. And that goes from the banks to the companies involved to the people as well. And those aren't being lifted.
But of course, if the war drags on, prices continue to rise, we have to look at those as well and see if those could be lifted too.
Four U.S. service members have been confirmed dead after a U.S. Air Force refueling plane crashed in Iraq yesterday. Initial reports suggest that the KC-135 Stratotanker was involved in a mid-air collision with a second plane that landed safely. The fatalities mark the first U.S. Air Force losses during the war. Meanwhile, as the war approaches the two-week mark, President Trump and Iranian officials are continuing to dial up their rhetoric. Hosting on Truth Social, Trump warned that the U.S. has, quote, "...unparalleled firepower, unlimited ammunition, and plenty of time." And speaking of the Iranian regime, Trump added, watch what happens to these deranged scumbags today. For their part, officials in Iran believe that Trump is feeling the heat from global markets and say their leaders aren't interested in surrendering.
How are U.S. and Iranian officials escalating their war rhetoric?
National security official Ali Larajani said yesterday that, quote, starting a war is easy, but ending it won't happen with a few tweets. We will not let off you until you accept your mistake and pay the price for it, end quote. Well, as the U.S. and Iran appear to be sticking to their war goals, the journal's Anat Peled told us that Israel is for the first time publicly acknowledging that regime change in Iran may be unlikely.
So President Trump and Israeli Prime Minister Benjamin Netanyahu began this conflict, calling on Iranians to take control of their country in speeches on the very first day. But since then, we've seen changing messaging. We've seen that in the U.S., when U.S. officials have increasingly focused on narrower goals of destroying the country's military capabilities. Now we're seeing a shifting tone in Israel. I think that was most clear in a speech that Netanyahu gave yesterday.
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Chapters
4 chapters
1
What happened in the recent U.S. Air Force plane crash in Iraq?
0:00–3:08
2
How are U.S. and Iranian officials escalating their war rhetoric?
3:08–5:40
3
What are the implications of the U.S. easing sanctions on Russian oil?
5:40–11:35
4
Why did TikTok's parent company secure access to top Nvidia chips?
11:35–13:36
Speakers
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