What's the new normal for global oil?

Oil industry analysts were hopeful earlier this year that Trump’s war in the Middle East would be short-lived. But it’s become clear that an open flow of oil through the Strait of Hormuz will require sustained cooperation between the U.S. and Iran. S&P Global now expects dampered production and choppy prices to continue into 2027. Also in this episode: Trucking costs are pushed up by record-breaking diesel prices and a shortage of English-speaking drivers. And, is it a good idea to use AI to develop pharmaceutical drugs? Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter. Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future. Read the stories in today’s episode: The oil roller coaster reaches new heights — and it's a bumpy ride ahead Trucking costs are rising fast. That could mean even more inflation for consumers This audio affects business is still waiting on tariff refunds How this Georgia factory is surviving America's solar policy whiplash If AI helps speed up drug development, can the FDA keep up? The construction manager who quit his 9-to-5 to build something for himself