TRACK ECONOMY

“On today’s show, a source inside Iran tells us how ships had been getting through the strait, and how the tollbooth Iran set up works.”

“The resilience of the American consumer continues to surprise analysts, even as borrowing costs remain at decade highs.”

“Iran has attacked ships that try to pass without approval. And recently they’ve insinuated that one part of the Strait — the part near Oman — is not safe.”

“The United States has been at war with Iran since February 28th. And for a month and a half, Iran’s main leverage over the U.S. has been their control over the Strait of Hormuz — a key global shipping route.”

“Which means that captains had to go right by Iran’s shores to get through the Strait … effectively creating a chokepoint for the global economy.”

“And we ask: What does this all mean for the global economy? This episode of Planet Money was hosted by Nick Fountain.”

“The resilience of the American consumer continues to surprise analysts, even as borrowing costs remain at decade highs.”