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The World’s Energy Safety Net Is Buckling

March 25, 2026 at 10:49 am EDT By Taegan Goddard Leave a Comment

Wall Street Journal: “For decades, liquefied natural gas acted as the global economy’s reliable escape valve during energy crises, keeping factories humming and homes warm.”

“Now, LNG has become the battlefield itself.”

“The war in Iran has fractured every node of the regional LNG supply chain… Even if the Trump administration and Iran agree to end the war soon, the consequences for the LNG market will be long-lasting—and even more profound than for oil, experts say.”

“Unlike crude, the world has no major strategic gas reserve to tap in an emergency.”

Iran Suspected of Directing Attacks in Europe

March 25, 2026 at 10:47 am EDT By Taegan Goddard Leave a Comment

Wall Street Journal: “Authorities are investigating Iran’s suspected involvement in a string of terrorist attacks in Europe that have targeted Jewish sites in response to the war in the Middle East, security officials say.”

“They suspect Iranian agents recruited individuals online to carry out the assaults, and set up a bogus terror group to claim responsibility for attacks on Jewish schools, synagogues and companies linked to Israel.”

Supreme Court Sides With Internet Provider

March 25, 2026 at 10:45 am EDT By Taegan Goddard Leave a Comment

New York Times: “The Supreme Court unanimously said on Wednesday that a major internet provider could not be held liable for the piracy of thousands of songs online in a closely watched copyright clash.”

“Music labels and publishers sued Cox Communications in 2018, saying the company had failed to cut off the internet connections of subscribers who had been repeatedly flagged for illegally downloading and distributing copyrighted music.”

Iran Offers Its Own Ceasefire Proposal

March 25, 2026 at 10:43 am EDT By Taegan Goddard Leave a Comment

Iran issued its own ceasefire proposal, calling for war reparations and complete sovereignty over Strait of Hormuz, the AP reports.

Extra Bonus Quote of the Day

March 25, 2026 at 10:24 am EDT By Taegan Goddard Leave a Comment

“We’ve not seen anything like this — there’s been no disruption of this scale in the past. It’s every oil analyst’s study piece or worst nightmare — one that we never thought would happen.”

— BP chief economist Gareth Ramsay, quoted by Politico, on the impact of the Iran War on the oil market.

Young Women Feel Left Behind in Trump’s Economy

March 25, 2026 at 10:20 am EDT By Taegan Goddard Leave a Comment

The 19th: “Women in their 20s to early 30s said they feel left behind in the economy; are anxious and apprehensive about the future; and largely don’t think politicians, including President Donald Trump, understand their struggles.”

“Some women shared difficult experiences they were going through, from losing a job to rebuilding after incarceration and being a single parent after the death of a partner.”

Xi Stays Silent as Trump Stumbles in Iran

March 25, 2026 at 10:12 am EDT By Taegan Goddard Leave a Comment

Bloomberg: “Nearly one month into President Donald Trump’s war on Iran, there’s one person whose silence stands out: Xi Jinping.”

“In contrast to most other Group of 20 leaders, China’s commander-in-chief hasn’t commented on the conflict, keeping quiet as panic elsewhere sets in. South Korea has set up an emergency economic task force, the Philippines warned about grounding planes and Japan is beginning its largest oil release from emergency stockpiles to date.”

“In Beijing, it’s largely business as normal.”

Blue Wave Watch

March 25, 2026 at 9:57 am EDT By Taegan Goddard Leave a Comment

Chris Cillizza points out that Democrats have now flipped 30 Republican state legislative seats since Donald Trump began his second term.

Republicans have flipped none.

“30-0 isn’t just noise. It’s a signal. There’s something building out in the country folks. How big it will be and whether it lasts all the way until November remains to be seen. But it’s building.”

Another indicator: Blue Wave T-shirt sales.

Bonus Quote of the Day

March 25, 2026 at 9:37 am EDT By Taegan Goddard Leave a Comment

“Our first and last word has always been, is, and will be this: someone like us will never come to terms with someone like you — not now, not ever.”

— Iran’s military command, quoted by the Financial Times, in a video message to President Trump rejecting a ceasefire.

Iran Won’t Accept U.S. Effort at Ceasefire

March 25, 2026 at 9:29 am EDT By Taegan Goddard Leave a Comment

CNBC: “Iran will not accept a ceasefire offer from the United States, Iranian state media reported Wednesday.”

“The FARS News Agency state media outlet, citing what it called an informed source, said there have been increased U.S. efforts to put a ceasefire into effect and start indirect talks with Iran to end the war that began on Feb. 28 with strikes by the U.S. and Israel on the Islamic Republic.”

More Workers Struggling Than Thriving

March 25, 2026 at 8:10 am EDT By Taegan Goddard Leave a Comment

Gallup: “For the first time since Gallup began tracking the life evaluation of the U.S. workforce, more workers report struggling in their lives (49%) than thriving (46%): a stark reversal from 2022 and 2023 when more than half of employees were classified as thriving.”

Iran War Sends U.S. Borrowing Costs Soaring

March 25, 2026 at 8:07 am EDT By Taegan Goddard Leave a Comment

Financial Times: “Investors are rushing out of US debt as the war in Iran ignites worries about a fresh burst of inflation, sending the country’s borrowing costs surging by the most this month in a year and a half.”

Goldman Sachs Sees Long Term Spike in Oil Prices

March 25, 2026 at 8:06 am EDT By Taegan Goddard Leave a Comment

Financial Times: “Goldman Sachs energy analysts have been notably more optimistic than many of their Wall Street rivals lately. No longer. Judging by a note that the investment bank pushed out yesterday, they’re now throwing in the towel.”

“The main reasons are that Goldman now expects a much longer and more severe disruption to oil exports through the Strait of Hormuz, and that a subsequent rebuild of strategic reserves in many developed countries will bake a ‘security premium’ into longer-term oil prices. ”

Mysterious Trading Patterns Follow Trump Into War

March 25, 2026 at 8:00 am EDT By Taegan Goddard Leave a Comment

“An epidemic of suspicious trading has emerged around President Trump’s most consequential decisions — each time, just minutes or hours before he rattles global markets,” Axios reports.

“As the Iran war sends prices soaring for ordinary Americans, a select few appear to be profiting in plain sight. It’s precisely the kind of alleged corruption Trump built his political career railing against.”

Raskin Has ‘Damning’ Memo on Trump’s Classified Docs

March 25, 2026 at 7:59 am EDT By Taegan Goddard Leave a Comment

“Rep. Jamie Raskin (D-MD) told Attorney General Pam Bondi in a letter Tuesday that her department provided him with a ‘damning’ memo containing new allegations about President Trump’s handling of classified documents when he was out of office,” Axios reports.

“Raskin says among the allegations are that Trump possessed documents that only six people in the U.S. government had access to, showed off a classified map to passengers on his private plane and had files relevant to his business interests.”

A MAGA Rebellion Against ‘Arkansas Alcatraz’

March 25, 2026 at 7:57 am EDT By Taegan Goddard Leave a Comment

Wall Street Journal: “Plans for a 3,000-bed prison on 815 acres of rocky pasture south of the broad Arkansas River, led by Republican Gov. Sarah Huckabee Sanders, face an unlikely rebellion from a group of MAGA conservatives. The feud has gone from nasty to nastier, and both sides say they are following what President Trump would want.”

Young Graduates Face Grimmest Job Market in Years

March 25, 2026 at 7:55 am EDT By Taegan Goddard Leave a Comment

New York Times: “The unemployment rate for college graduates ages 22 to 27 soared to 5.6 percent at the end of last year, up sharply over the past three years and outstripping the overall rate of 4.2 percent at the time. For those who were employed, more than 40 percent held jobs that do not typically require college degrees, the highest level since 2020.”

“The diminished prospects for young graduates are colliding with questions over whether artificial intelligence is destroying the kinds of jobs they have long sought.”

Trump Would Consider Job for Ron DeSantis

March 25, 2026 at 7:53 am EDT By Taegan Goddard Leave a Comment

President Trump said he’d consider a role for Florida Gov. Ron DeSantis (R) in his administration after DeSantis leaves office early next year, NewsNation reports.

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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