The Journal.

The shutdown of the Strait of Hormuz has triggered a global economic disruption and created a major military and political challenge for the Trump Administration. WSJ's Jared Malsin explores the militarization of the strait, the options for its reopening and the risks of a prolonged closure of the world’s most important energy-transport route. Jessica Mendoza hosts.

Further Listening:

- Will Gas Prices Go Up Because of the Iran War?

- The Global Scramble for Patriot Missiles

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

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

Since the start of the war in Iran, the U.S. and regional allies have relied on American-made Patriot missile systems to counteract Iran’s airstrikes. But WSJ’s Bojan Pancevski reports that production shortfalls are draining reserves. This urgent math problem is not only straining U.S defenses around the world, it’s also creating an existential crisis for another country seeking to defend itself: Ukraine. Ryan Knutson hosts.

Further Listening:

- Will Gas Prices Go Up Because of the Iran War?

- Trump’s Shifting Reasons for War With Iran

- What’s Next for Iran?

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

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

Anthropic is taking the Trump administration to court, after the Trump administration designated the AI company a security threat and tried to cancel its federal contracts. The move brings the ongoing battle between the two sides to new heights. WSJ’s Keach Hagey explains Anthropic’s ‘red lines’ at the heart of the saga, how rival OpenAI stepped in to make its own deal with the Pentagon, and what all of this could mean for the future of Anthropic’s business. Jessica Mendoza hosts.

Further Listening:

- Anthropic’s Pentagon Problems

- The AI Economic Doomsday Report That Shook Wall Street

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

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

Kristi Noem brought a camera-ready leadership style to the Department of Homeland Security. Now, after a turbulent year leading the agency, Trump has fired her. WSJ's Michelle Hackman takes us behind the scenes of her controversial tenure and what led to her downfall. Ryan Knutson hosts.

Further Listening:

- Inside the ICE Hiring Blitz

- Inside ICE's Aggressive Approach to Arresting Migrants

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

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

Reproductive technology is a modern miracle. It's made it possible for millions of people to become parents who might otherwise not have been able to. But growing demand has spawned a multibillion-dollar industry that’s largely unregulated in the U.S. 

In our first episode looking at the wild west of the fertility industry, Ryan Knutson speaks with a three-time surrogate who ended up in a big legal battle. Nia Trent-Wilson was left with hundreds of thousands of dollars in medical debt after a family didn’t pay up after delivery. WSJ’s Katherine Long reports on how the industry fosters a dramatic power imbalance between surrogates and intended parents.

Further Listening:

- The Mystery of the Mansion Filled With Surrogate Children

- America’s Maternal Health Crisis

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

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