More Strikes, Higher Oil Prices in Iran War; Why an Algorithm is Cutting Disability Benefits

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What’s the latest on the U.S.–Iran strikes and how are they affecting oil prices?

Brian Cheung 0:00
It's kind of emblematic of his time at Apple that his first large keynote as CEO of Apple is a huge hardware launch, the biggest change to the iPhone ever with this iPhone Duo, but I think that also could be a huge risk for him.
Yasmin Basu 0:16
Hi everybody, and welcome to Here's the Scoop from NBC News. I'm Yasm Basugin. So today on the show, we are talking about Apple products, and you're wondering why. So they made an announcement about their new foldable phone, in spite of the fact that uh Samsung and Google were already out with their versions of a foldable phone. But you know how Apple is. They wait and wait, and then they roll out what they hope is the best one. The thing is, the price tag is a whopping $2,000. we're wondering, is it actually worth it? Plus, hundreds of people on disability benefits in the state of Nebraska have had their benefits slashed, and a computer algorithm may be to blame. So we are talking to an NBC reporter who has been digging into this, who spent some time with some families, some parents that are aging, and their children that could be affected.
Yasmin Basu 1:16
Up first, though, so the US and Iran are back at it with the biggest wave of attacks on shipping in the Strait of Hormuz since the war began, and it's sending energy costs skyrocketing. Oil prices uh crossing $100 a barrel today for the first time since July. So, what impact is this having on the global economy? And is there hope for a diplomatic solution? For that, I want to bring in NBC News International Corps. Respondent. Matt Bradley. Hi Matt.
Matt Bradley 1:44
Hi, Yasmin. How's it going?
Yasmin Basu 1:46
I'm good. Tell us about this new round of strikes between the United States and Iran in and around the Strait of Hormuz today.
Matt Bradley 1:53
You know, you and I, we've seen this kind of thing before. We've all seen this before, these sort of flare ups in the Strait of Hormuz. This war has been going on for six months. But this one looks distinct because this one doesn't look like your run of the mill flare up. It does look convincingly like Iran is choosing a strategy of escalation and that Iran is hoping that that will help them break the impasse and it will help them survive. They're facing Some substantial economic pressure from the US blockade. And you can really see that in some of the decisions that they're making. So, you know, they are not just attacking US warships, which they haven't really done in any convincing way since this war began back six months ago.
Matt Bradley 2:36
And they're not just attacking US assets and US bases in places like Jordan. This is actually matched with some rhetoric that looks as As though their policies are going to be expanding. You know, they're saying that they're going to be expanding this exclusion zone that they have, which means essentially that any ship that the US allows to approach the Strait of Hormuz, where the Iranians have their current blockade, that means that the those that ship will basically be sailing with the permission of the United States, which means that it will then be excluded from the Iranian part. So that really does kind of Clinch that stranglehold that's already existing.
Yasmin Basu 3:15
So wait, th there's gonna be basically two Areas in which ships will be moving through, they'll be the American side and the Iranian side.
Matt Bradley 3:22
Yeah, I mean this is already a a two-ply blockade that's been going on for quite a while, but now it looks like the Iranians are are saying that they are applying a firmer set of rules on this. And it sounds like they're expanding what they call this sort of zone of exclusion, which means that ships that transit through the area that's currently being, I suppose you could say, managed or secured by the US with the American blockade, that those ships wouldn't be Eligible to travel through the area that's being secured by the Iranian blockade. So basically, Iran is saying go with our permission or don't go at all.
Yasmin Basu 3:56
I was actually kind of on a road trip this weekend uh with my family, and literally gas prices were super high.

How are the new sanctions and blockades influencing the global economy and mid‑term elections?

Yasmin Basu 4:02
I mean, like four dollars and thirty-nine cents in some places. The national average right now, according to AAA, is four dollars and twenty-two cents.

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