This episode covers the escalating Middle East conflict, where Houthi attacks and drone strikes on Saudi pipelines threaten global oil supplies and drive U.S. gas and diesel prices higher. It also examines the urgent push for AI safety guardrails, featuring Anthropic CEO Dario Amodei’s call for a research slowdown and common standards. Finally, guest Julia Coronado analyzes the Federal Reserve’s upcoming meeting, noting that strong inflation data has increased expectations for a rate hike under new Chair Kevin Warsh.