Oil Prices Spike as Iran War Hits Third Week

16 Mar 2026 · 41 min · 14 chapters

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In short

The episode focuses on two linked stories: the third week of Donald Trump’s unilateral Iran war and the Trump administration’s alleged efforts to censor war coverage, plus a separate segment on the ongoing Jeffrey Epstein accountability investigations.

Guests

Tom Nichols, professor emeritus of national security affairs at the U.S. Naval War College and writer for The Atlantic; Andrew Weissman, legal analyst and former prosecutor; Michelle Goldberg, New York Times columnist and MSNBC analyst.

Key claims

Trump began the war without consulting Congress or traditional allies (Europe/NATO), and that “go-it-alone” approach is multiplying risks: rising U.S. casualties (13 killed, 200 injured) and Iranian deaths (over 2,000 estimated). Allies (Germany, Japan, Italy, Australia) reportedly rebuffed late calls for help in the Strait of Hormuz, contributing to oil/gas price spikes and a potential fuel crunch. Nichols argues there’s no coherent strategy or endgame—only operations driven by Trump’s shifting thoughts—creating an “escalation trap.” Weissman claims the administration is likely abusing government power to retaliate against independent media (e.g., Wall Street Journal/FCC license threats) and intimidate dissent, comparing tactics to authoritarian information control. Examples include blocked DOJ subpoenas against the Fed chair (Jerome Powell) as harassment, and Epstein-related bank settlements (Bank of America) and jail-death irregularities.

Notable examples

Iran strikes near Dubai airport and Baghdad embassy; tankers on fire; Strait of Hormuz “mother of all choke points”; SNL mocking Trump’s lack of rationale; Congress questioning prison guard protection payments; Bank of America settling Epstein victims’ claims.

Written by AI. May contain mistakes. Listen to the episode to check what was said.

Chapters

Tap a time to open that second in VO

Trump's Unilateral War Strategy

1:42 to 4:00

Explores Trump's decision-making and the consequences of going solo in the Iran war.

“So I have that report, which is part legal and part just the freedom to do war reporting coming up.”

Casualties and International Response

4:00 to 6:27

Discusses the human toll of the conflict and allies' refusal to assist Trump.

“Now he wants them in, and they're saying no.”

Escalation Trap and Leadership Scrutiny

6:27 to 8:54

Analyzes Trump's leadership and the risks of military escalation in Iran.

“He then has to ask about after the fact.”

Expert Insight on War Planning

8:54 to 10:46

Tom Nichols discusses the flaws in the U.S. war planning and strategy regarding Iran.

“Tom Nichols is a professor emeritus of national security affairs at the esteemed U.S.”

Economic Consequences of Conflict

10:46 to 13:54

Explores the potential economic impact of the ongoing conflict and its implications.

“wanted to lean on allies to deal with the strait, would it have been better to try to confer more with those allies in advance?”

Censorship and the First Amendment

15:13 to 28:00

Discussion on censorship issues surrounding the Trump administration and media coverage.

“because our media companies who have no credibility whatsoever are putting out information that they know as false.”

Judicial Pushback Against Trump's DOJ

28:00 to 32:40

Discussion of recent judicial decisions impacting Trump's DOJ cases and their implications.

“The Times says this is an extraordinary example of pushback by the judicial branch.”

Transition to Epstein Accountability

32:40 to 33:10

Shifting focus to the Epstein story and accountability at financial institutions.

“on the big Oscars stage, Jimmy Kimmel and others, and we know Trump gets mad when they do this, and they did it.”

Investigating Epstein's Death

33:10 to 38:30

Exploration of the irregularities surrounding Epstein's death and government responses.

“Bank of America settling with Epstein victims who alleged that the bank didn't do enough to address the warning signs, the anti-money laundering controls and the evidence of a sex trafficking operation.”

Power and Impunity in the Elite Class

38:30 to 41:40

Discussion on the lack of accountability for powerful figures and implications for democracy.

“So the public should care if the prison was somewhat corrupted, even separate from what the foul play question.”
Show all 14 chapters

Oscars: A Cultural Reflection

41:40 to 42:06

Preview of the Oscars and commentary on their political significance in today’s society.

“And that's also the through line that we see over and over again with this administration.”

Oscars and Political Themes

42:11 to 44:26

Discussion on the political messages conveyed through recent Oscar-winning films.

“There's an alternate Oscars being hosted by Kid Rock.”

Media Censorship and Free Speech

44:26 to 45:02

Exploring the impact of media mergers and censorship on free speech in America.

“Let's just leave it at North Korea and CBS.”

Accountability in Politics

45:02 to 45:41

Examining the lack of accountability in political circles, especially regarding high-profile scandals.

“And there was a reference to that kind of contrast as well.”
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Transcript

Automatic transcript. May contain errors.

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0:34Like Dan and Hannah, who always wait up to make sure their daughter gets back to her college dorm room. Or Tiffany, who's running late as usual, and her friends are tracking her trip to make sure she's actually on her way. Look, she's right there. She's three minutes away. Or Sam, who never goes anywhere without her roommate knowing exactly where she is. Some journeys are meant to be shared. Share your ride in real time with Share My Trip on Uber. One more way Uber is putting safety at every turn. Learn more on the Uber app. Welcome to The Beat, everyone. As we begin this week, Monday evening, we're tracking a lot of stories, including the increasing problems with Donald Trump's Iran war, the way he started it, the way he's running it.

1:13Risks multiplying, oil prices are up, as everybody knows. And as we begin the third week of a unilateral war, endgame, very unclear. Andrew Weissman will also be here later tonight as Trump tries to gut the First Amendment as we know it. That's a story related to the war because they are trying to censor the right of the free press from the Wall Street Journal and the Murdoch Empire all the way to other outlets as well. And we're going to cover that without fear or favor here. We are not going to be censored. So I have that report, which is part legal and part just the freedom to do war reporting coming up.

1:51We begin, though, with how Donald Trump started this war alone, wanted to basically go it alone. This was an operation that did not involve consulting Congress, other countries, Europe, NATO. It was essentially a U.S. operation with one other country involved, Israel, but not any of the traditional allies that Republican and Democratic administrations have relied on in the Middle East and in general throughout really the last, say, 60 years of post-World War II foreign policy. And so going it alone was a choice, just as starting the war was a choice. And we are seeing very quickly how that choice is working.

2:25I'm going to show you the evidence, not opinion, not saying that the news has some monopoly on how to do foreign policy, but just what we're learning about that choice. I can tell you off top as we start the third week of the war that 13 American service members have been killed here. Another 200 have been injured. Some of those stories are harder to tell because we get the information as it comes. Pentagon has released information about the casualties, but we don't have voluminous videos or coverage of that. But keep in mind that human toll, it's rising. On the other side of the war, over 2 ,000 Iranians have been estimated killed.

3:04Today, Iran strikes hit Dubai, the area of Dubai's airport, one of the busiest in the world. Iran also hitting the U.S. embassy in Baghdad over the weekend. U.S. officials reporting 15 ,000 Iranian targets have now been struck. Today, multiple U.S. allies said that if Trump started this alone and wants to go it alone, well, fine. But they are rebuffing what seem like late, unstrategic calls by Donald Trump after starting alone to want allies to only come in when he tries to call them in. Some critics say desperately so. You see the Times headline, Allies Rebuff Trump's Appeal for Help in the Critical Strait of Hormuz, which relates to all of the surging gas prices.

3:43Those officials include Germany, Japan, Italy, and Australia saying they're not helping right now. Now, that doesn't mean that couldn't change over time, but it is how, as I mentioned to you, the go-it-alone approach is working. Donald Trump acted without allies for the first two weeks, give or take. Now he wants them in, and they're saying no. A reminder that even the awesome unilateral power of the United States does not solve all military and economic challenges. Again, that's just the reality out there. There's hundreds of millions of barrels of oil now that are estimated essentially stuck in the Persian Gulf.

4:16And the oil industry telling the White House this fuel crunch, which has only just begun, will, if things don't change, it will, quote, likely worsen. Experts also say that Donald Trump's other ideas to deal with this involve more military engagement. For example, the kind of quasi-Pentagon capitalist team of escorting oil tankers. And it's not clear how much Americans would really tolerate that effort, expenditure, or the risk of American lives just as a stopgap to get some commercial Exxon oil tankers moving around. Then there's the question of sending in ground troops. That stoking warning is that Trump could be facing something we've seen from all the way back to early Vietnam, to the Iraq surge and a heck of a lot of other stories that if you're watching this, if you're hearing my voice in America or watching on YouTube abroad, just about everybody knows this history.

5:13Maybe Donald Trump didn't, but it's called the escalation trap. And it's what happens when you have open ended commitments and you are the bomber or the occupier, whether by air or land. And the other side of the war, people fighting for their country and lives. Trump was warned about the scenario in advance. The Joint Chiefs told him, according to reports in multiple office briefings, that's kind of one of the most important kind, that Iran would deploy mines, drones and missiles to close the world's most vital shipping lane. So if you're busy living your life and you're not thinking about the Strait of Hormuz all that often, that's fine.

5:45But the Pentagon and our 17 intelligence agencies have laid this out for a long time. And the journal has the reporting, which might make aspects of Trump's leadership look bad, but they have the reporting that he was told this in advance. That's relevant to how the Trump administration is also trying to censor coverage in the Wall Street Journal. We'll get to that. Trump was, quote, frustrated with all this. Now you see, of course, tankers on fire. Now, in the reporting, Trump then asked, well, why could the U.S. immediately reopen the state of Hormuz? So that's later, according to the Times, different reporting, again, multiple outlets corroborating this.

6:22The very thing he was told would happen, it would be hard to just fix, even with our mighty military. He then has to ask about after the fact. This is increasing the scrutiny on the leadership, the competence, the war planning of a self-declared wartime president who might have thought that what he did to a small country in the South American landscape could just be repeated anywhere else, and that the warnings he's hearing, he either didn't absorb, didn't believe, or didn't understand, which is kind of worse, what it really meant, where we were headed, and who would pay the price. Today, the president suggests the Mideast attack was some kind of, quote, habit.

7:06So we don't need it, but we did it. It's almost, you could say we did it out of habit, which is not a good thing to do. You could call that the kind of candor or blurting that you sometimes hear. The president, of course, has jumped around on rationales and defenses. Now he's sort of voicing, for whatever reason, a kind of a critique or a negative view of why we did this, because we just do this every so often. This is a serious matter, but sometimes, as we know, culture and comics kind of wrap it all up together. Saturday Night Live was giving Donald Trump quite the hard time over the weekend, mocking many aspects of this, including something that just about everyone knows about, in contrast to every other major Mideast war we have faced over the last 30 years.

7:54This is the only one where there has not been an actual reason, an actual goal shared. Everybody remembers post 9-11 Afghanistan, which turned out to be a complex endeavor. But the rationale was toppling a regime that had helped terrorists. So they said the Taliban had to go. That's what we call regime change. The Iraq war was sold on WMD. Whether it was true or not, there was a reason you have to stop the WMD. This war, as of this third week, doesn't have a consistent rationale from the president of the White House, something that is riskable. Take a look. If you're wondering why I was in the back seat of this random family's car, I'll tell you the same thing I say when people ask about our plans for Iran.

8:38I don't know.

8:43Pentagon doesn't know the impression of the Pentagon chief there, says the same thing. He doesn't know the president. if he knows he's not telling and not telling it as one consistent rationale. I want to bring in our expert tonight. Tom Nichols is a professor emeritus of national security affairs at the esteemed U.S. Naval War College, also writes for The Atlantic. Welcome. Thanks, Ari. Thanks for having me. You've got a career that deals in the planning and the research around these type of activities before they happen, whether or not they ever happen. So I'm curious, first, your assessment of the evident war planning that's gone into this as we start week three.

9:23Any concerns you might have? I took through some of the reporting. Well, the lesson we always teach our students is operations have to be matched to strategies, that there has to be some goal. Simply being good at operations, which, you know, the U.S. military is without question. that's not really an answer to the part the civilians have to provide, which is, why are we doing this? What's the point of these operations? If we succeed in enough of these operations, what are they supposed to build to? And how does that lead to some kind of victory that then lets you know that you're done? And I think none of that's been happening.

10:03And I think the fault really rests here with the civilians. I mean, I taught for years, I taught the planning process and the policy process. There's no process here. The process is whatever Donald Trump happens to be thinking in any given moment. And that's not really the best way to get advice or to plot out a war. It's clear that he was told by the military the many things that could happen. But I suspect he thought, as he so often seems to, that he thought he was the smartest person in the room, that he knew that the Iranians would surrender, whatever that means, long before this became a problem.

10:41And now three weeks going into three weeks. Here we are. If the U.S. wanted to lean on allies to deal with the strait, would it have been better to try to confer more with those allies in advance? Absolutely. Absolutely. I mean, part of what you're seeing here, I mean, there aren't a whole lot of people in Europe or anywhere else, you know, crying tears for the Iranian regime. What you're seeing are European nations who don't want to be dragged into a conflict by somebody who's as erratic and unpredictable and I would even say obviously now in way over his head as the president and his team. Because that's the other problem here.

11:29Normally, when you're talking about getting your allies on board, you try to send trusted advisors and cabinet members. Who are you going to send to Europe to try to explain this or to try and gain allied support? Pete Hegseth? Marco Rubio can't do everything. He's already the head of the National Security Council and the Secretary of State. And I don't know if he's still the archivist, but he can't do that alone. And we just didn't do any of that. And you can't simply snap your fingers. I think Donald Trump doesn't understand that other countries are not just subsidiaries of the United States or kind of subunits that he happens to own.

12:11And you can't just snap your fingers and say, OK, forget everything I said before this. Now get in here and help us. Yeah. And final question, a former Republican Energy Secretary this week trying to kind of remind people that he says the Strait of Hormuz is the mother of all choke points. You can't really go on in normal economics without it. Does that mean if we continue in this, whatever these three weeks have been, if we have three more weeks like this, does that become both an economic and security problem for the United States? i'm not an economist but i'll say it's already a security problem um this was the you know the worst outcome well of in terms of the straits this is exactly um what trump was probably warned about but it's even worse than that because somehow the iranians are getting in and out of the straits they're just choking it off for everybody else and so you know three more weeks of this, I think that the economic effects are already in motion.

13:12And even if all of this stops tomorrow, the ripple effect is we're going to be feeling that for a while. But if this goes on for another two, three weeks, that's really going to be a major impact. Yeah. Tom Nichols leading us off. Thank you very much. I mentioned this censorship effort. I have a special report on that here with Andrew Weissman next.

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15:12I actually make it pretty frivolous because our media companies who have no credibility whatsoever are putting out information that they know as false. That is very dangerous. I think they can be serious journalism. Donald Trump dialing up attacks in the First Amendment. He's floundering in the Iran war, but he is trying to now abuse power in a likely illegal way to censor coverage. He posted about, quote, treason and other clearly false type, you know, scare tactics. But moments after that post, he was also threatening them on Air Force One, as you hear, and clashing with reporters when he didn't like questions.

16:02I think it's maybe the most corrupt news organization. The rally that everybody, including ABC, your network is the worst. A totally AI-generated fake news story put out by news organizations in the U.S. and elsewhere. Honestly, they really shouldn't be alerted. Can you put one more cell to the 5 ,000 of the leaders? Yeah, it's very of that, says President. The president lashing out. It's not just rhetoric. There is an effort, very likely unlawful, to abuse government power to censor war coverage and to retaliate or extort positive coverage out of independent media in the United States. This is happening now.

16:53This story broke over the weekend, and it's a big one. The head of the FCC, who has lost other plots, including going after Jimmy Kimmel, you right, remember, is now saying that he will do something that is probably illegal, that courts would stop if they do it, try to revoke broadcaster licenses for their First Amendment protected free speech rights. Now, again, some of this failed when he tried to go after Kimmel and ABC, but even the failed plots to censor and attack free speech can have consequences in our country. Senator Ron Johnson, a Republican, saying this is not right. I'm a big supporter of the First Amendment.

17:32I do not like the heavy hand of government, no matter who's wielding it. So no, I would rather the federal government stay out of the private sector as much as possible. And really, the federal government's role is to protect our freedoms, protect our constitutional rights.

17:50Politically, when you've lost boss, Ron Johnson, you know you're really out there. But this is not just a political thing. This is the First Amendment freedom to report on the war factually, no matter what it says about the current government or Trump administration, and your right to discuss it. You have every much right to dissent from this war if you choose, or to support this war if you choose. But both and all things are protected. And your government right now, you need to know and understand, is admitting an anti-First Amendment, likely illegal, I say that because this new plot hasn't been ruled on yet, but likely illegal effort to silence the press and to intimidate dissent.

18:30And if you're curious in keeping track, again, not that it matters, but one of the outlets they're going after is the Rupert Murdoch-owned, Fox News sister outlet, Wall Street Journal. For those who thought Trump would leave them alone, this is another example of where there There isn't even a type of pseudo-loyalty. He will go after anyone who exercises their rights if they interfere with his autocratic power grab. I'm joined by Andrew Weissman, our legal eagle. Andrew, your thoughts on this story tonight? Well, there's so many examples of things like this, starting with the law firms where numerous executive orders were struck down as violating the First Amendment, the First Amendment rights of lawyers to take on cases and to be heard in court.

19:19We saw it most recently with the effort by this administration to indict six sitting members of Congress for having the temerity to do what? To issue a video that accurately stated the law about the military members being able to refuse to follow illegal orders, and they sought to indict them. So it's both a violation of the First Amendment, and it has this sort of terrorizing effect to sort of get people to obey and advance. I would point out historically, this is exactly what happened during World War II with the international reporters who were in Germany trying to document the rise of Hitler in Germany, and they were not allowed to issue any reports about what was going on in Germany unless and until they were sanitized and approved by that administration.

20:22I'm not trying to say it's an apples-to-apples comparison. The idea is that this is a tactic of authoritarian regimes to control the information flow. You can leave Hitler out of it, too, and say that the First Amendment bars viewpoint discrimination and government powers being abused to change that which otherwise people would say in their reporting or their press, which quite clearly seems to be what Brendan Carr admits, no? Yeah, the reason I do think Germany, though, is relevant is that there was an effort there to report on what was actually happening, the harm that was happening within Germany about the casualties, about the errors, about the mistakes.

21:10And if you only want a rosy picture, you should not be in the United States. You should be in Hungary or in Russia, in Ukraine when it was controlled by Russia. Those are authoritarian regimes where you have state run media and you don't have access to people like you, Ari, who are not afraid to speak truth to power. But that is what's going on now. Yeah. And we hear the threats and the censorship and we are not changing a thing. But when you look at the wider context, someone listening to us right now tonight might say, well, The Wall Street Journal is fighting back the other lawsuit. They're going to keep going.

21:54OK, Ari and Andrew are going to keep going. So maybe this doesn't move the needle. And I'm I'm I have to report that's not the case. Some of this has already been effective because I want to play for you. during war, the Pentagon secretary referring to how the Trump administration may be abusing its powers to regulate the Justice Department, where you once worked, regulate antitrust. They have every right to patrol monopolies. But he is saying, basically admitting that they want to have their friends like the Ellisons win over control of CNN and other places and then get different coverage. Take a look.

22:30Fake news from CNN. Reports that the Trump administration underestimated the Iran war's impact on the Strait of Hormuz. Patently ridiculous, of course. For decades, Iran has threatened shipping in the Strait of Hormuz. This is always what they do, hold the Strait hostage. CNN doesn't think we thought of that. It's a fundamentally unserious report. The sooner David Ellison takes over that network, the better. He's directly saying that Ellison, who is the current lead bidder having vanquished Netflix, should change editorial to be friendlier to Trump when they get control of CNN. And this is before the Trump administration has approved that entire process.

23:19Is that OK at the DOJ? All of this is, to me, is going to result in the same kind of lawsuits based on the First Amendment. And, you know, it's what we saw, as you mentioned, with Jimmy Kimmel. You can ask Stephen Colbert about the effort to have him not bring on a guest. He had to go to YouTube to bring on a guest because CBS was going to obey and advance his words about what was going on there. And so, you know, this is something that is actually happening now. And to say, yes, there are some voices where people are saying, you know what, I'm not going to be afraid to speak out doesn't mean that there still isn't a huge effect.

24:06The law firms, which obviously I'm very familiar with, is a really good example of that, where there are, you know, scores of law firms that have either publicly or privately caved to the administration, leaving really sort of mid -sized firms and small firms to do a lot of the work that previously was done by very large firms to take on what they think are and often are illegal activities by the government. That's how our process works. It's supposed to be one where you go to court, you make your arguments, but you don't try and win by changing access to the facts so that everyone only hears one side of the story.

24:50Yeah. And then, Andrew, you say at times the Trump folks seem to be getting progress by dragging these things out. So even if they don't win the case against some of these individuals, you mentioned the revenge cases. It costs a lot of money. It drags out. People are on trial, et cetera. Harassment, as one judge put it. Interestingly, late in the week, that got flipped on its head. Trump lost the ability to use what they're calling the judge called harassment subpoenas. And it was shut down earlier in the case of the Fed, which also undercuts one of Trump's ploys in the midterm. So I was really curious what you thought about a judge going at that earlier.

25:29Obviously, the subpoena standard is pretty low and you can brief us on that. And so I wanted you to give the breakdown of that Trump loss and whether it matters that it came faster. Let's get into that. We're going to fit in a break. Andrew stays. We'll get into that next.

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27:45Donald Trump facing a loss, I should say, a loss in court. a judge blocking the DOJ's subpoenas as illegal harassment of the Fed chair. The judge saying this was just an illegal bid to harass and pressure Powell, not an actual legitimate probe. The Times says this is an extraordinary example of pushback by the judicial branch. It is also a loss for Janine Pirro, a Fox host turned U.S. attorney. She says they will appeal. And it's the latest of many Trump DOJ cases that are themselves illegal enemies probes. Everything you see in green has already faltered. The Fed subpoenas have been quashed. You see that green in the middle on the right.

28:26And many of these other cases are at various procedural postures, as lawyers like Andrew Weissman would say. None have generated a victory yet a year in to Donald Trump's DOJ. I'm back with Andrew Weissman, former FBI general counsel, former prosecutor. And Andrew, As mentioned, this was an earlier rejection. I would say that outside of the current lawless era of Pam Bondi, even a reach of a subpoena, you can walk us through this, might be allowed on a low probable cause standard. And then later, if they don't find anything, the judge starts to say, well, you got to look. You didn't find anything.

29:05We're not just indicting everyone. And there are other safeguards on that. Does it matter? And do you see any change in the judiciary that some of this stuff? I use that word as that's the nicest word I can come up with is being stopped earlier. Yeah, so we have seen courts respond to cases that have been brought where there's an indictment pending dismissing the case. We have seen grand juries refuse to indict. But this is even earlier than that. This is just during the investigative phase, and it's the initial grand jury subpoenas that least we know about, where the court said that he cannot find that there is a legitimate basis because it's there to harass the target.

29:52And decades ago, decades ago, the Supreme Court, in a case called R Enterprises, has said that you cannot use grand jury subpoenas to harass somebody. There has to be a legitimate investigation. It cannot be for that purpose. And here, the district judge, frankly, uses Donald Trump's words over and over and over again about what he wants to see happen to Jerome Powell, that he wants him out and he denigrates him in the most childish way. And the court, I think, very aptly quotes the infamous line that Henry II, the King of England, was said to have made with respect to the Archbishop Becket saying, well, no one rid me of this troublesome priest, saying that is why this is happening.

30:46And it's such an apt quote because it is really analogizing what's happening here to the power of a king. And that's not how we work. We have rules and we have laws. And here the judge is relying on clear Supreme Court precedent. So I think he's very well within his rights to have made this ruling. But it is quite surprising. And the reason it's surprising is for any normal Republican or Democratic administration, you never really think about that part of the law because, of course, you're doing the investigation with a legitimate purpose. In other words, you may not find anything at the end of the day, but you're looking to see whether there was wrongdoing.

31:31You're not doing it just to harass somebody. And here there's such a clear record, as the judge found, as he said, mountains of evidence to support the finding that this was all pretextual. Yeah, and it is earlier, and we know courts work off precedent. Sometimes that is a form of uniformity, and it's a good thing. I mean, it's the foundation of the Western legal system, if I'm just giving it a quick gloss. But here, we're watching some of the procedural precedents shift a little bit, as some judges say, well, wait a minute, if you let them harass people for two years and at the end go, toss it, you think you've blocked this case, but there's no regular order, and the Trump folks are all high-fiving going, can you believe we got away with it for two years?

32:22And we don't have time for it, but we're seeing that as well in some of the games they're playing around fake temp prosecutors who are getting DQ'd. We had two Andrews segments. Maybe we needed three to get into that, but we'll have you back soon, sir. Nice to see you. Nice to see you. Appreciate it. By the end of the hour, we'll show you some of the Trump pushback on the big Oscars stage, Jimmy Kimmel and others, and we know Trump gets mad when they do this, and they did it. But next, we turn to the Epstein story on a different angle, new accountability at banks. Stay with us.

33:02The Epstein story continues, even as the Iran war has, of course, drawn a lot of necessary attention. We are staying on the important parts of this, including accountability at some of these elite institutions. Bank of America settling with Epstein victims who alleged that the bank didn't do enough to address the warning signs, the anti-money laundering controls and the evidence of a sex trafficking operation. We don't have detailed terms yet. There's also the deposition for Leon Black, who was scheduled to testify later this month, but that's now canceled. Another man who financially helped Epstein, Wexner, is facing more calls for accountability.

33:39These are people who donate a lot of money, some saying his name should come off Harvard buildings. I'll note that both of them have publicly denied any wrongdoing and are not accused of crimes by the Justice Department. The questions, though, have been adding up. And it's not just about all these individuals. It's also about everything we've ever been told by the government about Epstein. We prepared this new investigative timeline of his death. Congress is obviously also looking at these questions, and they are going to get testimony from the prison guard who was on duty the night of Epstein's death.

34:18There is agreement. There's, I think, general agreement that there were huge mistakes made there at the prison by the guards. And so I think we need to get to the bottom of it. I mean, that's the honest truth. Let's get to the bottom of what exactly happened and provide more transparency for the public. We certainly have not gotten a complete story from the government. and that spans multiple administrations. In our BEAT report, we used our timeline and drew on the newly released Epstein files, which only recently, of course, the last six weeks, have given insight into many things, including inconsistencies in the government statements about this.

34:57It all started with a cellmate who Epstein said tried to kill him, a brief suicide watch. You see the will preparation, the videos, and we went into these details in a special report. staff allowed Epstein to break the rules with this call unrecorded and unmonitored before going back to his cell if the staff followed the rules we would have audio of Epstein's final conversation hours before he was found dead evidence of his state of mind maybe more so why would staff let this inmate indicted for grave crimes break rules the DOJ report quotes an inmate who saw Epstein's power and money intimidating officers that Epstein would, quote, tell them he was writing down their name for his lawyer and they were on eggshells around him.

35:47Officers on eggshells when they are supposed to be the ones in charge of a detainee, an inmate, so disfavored under the eyes of law that he wasn't even out on bail before trial. Yet they we're on eggshells. And there's a lot of other questions pending. I want to bring in New York Times columnist Michelle Goldberg, an MSNOW analyst. Welcome back.

36:12You look at the files that came out, and everyone has seen some of the accountability, and the initial focus, understandably, was on both Epstein, political figures, and other men who may have committed crimes. And we've done many reports on that. The Congress is looking more at the subject that I showed viewers, that there are still really grave questions about his death, and it matters if the government was false in how it described it, or there was potentially foul play that went under-investigated. Your view of that piece? Well, I think it's just really important to get it all out in the open because, you know, up until now, I think we've described a lot of these questions about how Epstein died as conspiracy theories, and I'm still not convinced that the official story might end up being correct.

37:05But there are so many irregularities, so many just weird things about how all of this went down, and that in turn has fostered a lot of conspiracy theories, a lot of paranoia and distrust in the government. And so just doing all this in public seems like a public service. And it was interesting that the chair of this committee said, you know, a lot of us are frankly not convinced that Epstein killed himself. And so, you know, if they're not convinced, I think it's not surprising that a lot of the public isn't convinced either. Right. And to your point, the government passed this law, which includes the cause of death as a point of inquiry for file release.

37:56So the government's on record saying we need more of this. That doesn't presuppose that it was a different explanation, but it certainly shows that interest. And then you have the question of what these officers were up to. And I've told viewers this, Michelle, I'm going to play some sound and get your response. If there was corruption in that jail that has been covered up all this time, but officers were getting, for example, protection payments or other things related to Epstein, separate from his death, that would be another piece of corruption. We're talking about someone who clearly used money and power and potentially other tools to corrupt many systems.

38:31So the public should care if the prison was somewhat corrupted, even separate from what the foul play question. Here is a congressman, a Democrat from Virginia this weekend. Take a listen. The first question I will have for the prison guard is, did you or any other prison guards, to your knowledge, receive protection payments from Jeffrey Epstein? That's unproven. But I think that's an important line of questioning to understand what happened and what went wrong there. Michelle? Well, I mean, he's right. It's unproven. But again, I think that the public needs answers about these payments that this particular prison guard who's going to be testifying has been they've been shown to have received a series of irregular payments.

39:21Most of them, I think, before Jeffrey Epstein's arrest. So it's important to point that out. But not all of them. I mean, irregular enough that they were flagged to the FBI. So it's not as if, you know, so clearly there was something unusual going on here. And it might end up having nothing to do with Jeffrey Epstein's death. But again, when you have a case like this that has so caught so much of the public's imagination and there's so many strange threads that people can pull on, It's just, I think, really important to air all of them in public. And a broader question for you. There is now more accountability than there was.

40:06But because Trump is Trump and the politics of the Republican Party that everyone's familiar with, the area with the least accountability is Donald Trump and his cabinet. And I'm curious, what do you say to people who still rely on the New York Times or the news and look at facts and believe in fact? What do you say to people who say, well, wait a minute. Okay, yes, transparency was a step and these brave victims, along with the alliances they formed, got a change. But what about this obvious lapse that at the highest levels is the one place where there's not accountability yet? Well, I mean, I think it's the same thing I've been saying all along.

40:46We see substantial accountability in countries that still have functioning democratic governments, you know, the UK, but not just the UK. And, you know, we have in the United States a government that is very much devoted to protecting the impunity of powerful men. I mean, not in this case in particular, but not only in this case. And so, you know, and it's not just I mean, it's people in the cabinet, but it's not only people in the cabinet. I mean, one of the results, as you said, of this settlement with Bank of America is that Leon Black, who was going to be deposed, is now not going to be deposed.

41:27And so I think it makes it even more important that he's brought in to testify before Congress. You know, I think the through line that we see over and over and over again in this story is that it's a story of elite impunity. And that's also the through line that we see over and over again with this administration. Hmm. Fair. Michelle Goldberg, thank you. We're going to fit in a break when we come back. Descent on Hollywood's biggest night. The Oscars next.

42:05I should warn you, tonight could get political. Okay? And if that makes you uncomfortable, Bowl. There's an alternate Oscars being hosted by Kid Rock. Yeah, it's at the Dave and Buster's down the street.

42:20Conan O 'Brien joking about how some conservatives in the MAGA crowd needed a safe space for cultural events like the Super Bowl. Maybe they needed that at the Oscars. But he wasn't kidding about things getting political. There were films celebrated that addressed issues in our current society. Michael B. Jordan won a historic best actor for his roles, plural, playing brothers in Sinners. And that film looked at the Jim Crow era in African-American history, an era that, well, the Trump administration has quite clearly tried to quite literally disappear from history in the Smithsonian or take one battle after another.

42:58An unlikely best picture winner, which portrayed a different time period based on a book written a long time ago, of an America sliding into militarization in a kind of autocracy. Of course, it was newly relevant when you look at the militarized policing under the Trump administration and ICE raids. A film about Russian resistance to Putin won best documentary, which is important as we look beyond our own country's borders and think about all of the things going on around the world. The filmmaker, though, then made a U.S. comparison. when a government murders people on the streets of our major cities, when we don't say anything, when oligarchs take over the media and control how we could produce it and consume it.

43:52We all face a moral choice. The moral choice hits home in Hollywood, where that reference to billionaires taking over media is front and center with those media mergers we've been reporting on. They affect journalism and filmmakers alike. Jimmy Kimmel famously won his censorship battle with this administration, and he used his platform there. Think about the many millions of people watching in our country and around the world to do something he didn't have to do, to step up again and discuss free speech. As you know, there are some countries whose leaders don't support free speech. I'm not at liberty to say which.

44:34Let's just leave it at North Korea and CBS. Fortunately.

44:42And on it went. Then you have the wider context of something that we actually discussed in the news today and have discussed on many nights here. The gap in accountability while other countries deal with their Epstein problems. And the Trump administration has to be dragged to even release the documents, let alone fire cabinet members who lied about visiting Epstein Island. Howard Lutnick is still on the job. And there was a reference to that kind of contrast as well. It's the first time since 2012, first time since 2012, that there are no British actors nominated for best actor or best actress.

45:20Yeah, British spokesperson said, yeah, well, at least we arrest our pedophiles. So, we got that going for you.

45:35You could hear the roars, a lot of politics, but a lot of discussion about what matters, which is what politics can and should be about on Hollywood's Biggest Night. Thanks for watching The Beat with Ari Melberg.

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From the publisher

March 16, 2026; 6pm; The war with Iran enters its third week as oil prices spike and the U.S. endgame remains unclear. MS  NOW’s Ari Melber reports on the latest and delivers a special report on President Trump escalating attacks on the First Amendment, with former FBI General Counsel Andrew Weissmann weighing in.

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