Get your tickets to our L.A. live show here!

The standoff in the Strait of Hormuz means millions of barrels of oil are still trapped in the Persian Gulf. As countries around the world begin to feel the impact of that energy shock, new inflation numbers are signalling that the U.S. economy is being impacted too. WSJ’s David Uberti explains how the stock market and consumers are processing what could be the worst oil crisis ever. Jessica Mendoza hosts.

Further Listening:

- The Strait of Hormuz Showdown

- In Iran, an Uneasy Calm Amid a Cease-Fire

- Will the U.S.-Iran Cease-Fire Hold?

Sign up for WSJ’s free What’s News newsletter.

Learn more about your ad choices. Visit megaphone.fm/adchoices