Are Higher Energy Prices Here to Stay?

Since the war in Iran began, President Trump has insisted that rising energy prices would be temporary. But strikes on natural gas facilities in the Persian Gulf last week have made the prospect of a quick recovery seem less and less likely. Patricia Cohen, the global economics correspondent for The New York Times, explains why the impacts may be felt for years. Guest: Patricia Cohen, the global economics correspondent for The New York Times. Background reading:  Energy attacks in the war in Iran could turn economic shock into long-term damage.Here is why Iran’s attack on an energy hub in Qatar spooked investors. Photo: Hannibal Hanschke/EPA, via Shutterstock For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.  Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.