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Chapter 1: What recent events have occurred in the Iran-Israel conflict?
Live from NPR News in Washington, I'm Ryland Barton. Iran says it closed the Strait of Hormuz again today after Israel continued to attack the Hezbollah militant group in Lebanon. The closure casts doubt on whether the ceasefire will hold, as NPR's Greg Myrie explains.
There was sporadic fire today with Arab Gulf countries in particular reporting some attacks from Iran. Iran said it was hit at least once. But broadly speaking, the Iran war is definitely going quiet. However, Israel is still heavily bombing Hezbollah in Lebanon. Israel says that conflict is not part of the ceasefire. Now, Iran says it is. The U.S. is siding with Israel.
But the fighting in Lebanon could be a problem if it carries on.
NPR's Greg Myrie reporting. Stock prices rose and crude oil prices fell today, but the Iran war will affect energy supplies and prices for some time, as NPR's Scott Horsley explains.
You know, the war left a sizable hole in the global energy market, and it's not going to be filled overnight. When shipping traffic was halted in the Strait of Hormuz, some of the Gulf oil producers didn't have any place to store their oil, so they had to idle some oil fields.
And John Kilduff, who's an energy analyst at Again Capital, says getting that oil flowing again is not as simple as just turning a valve or flipping a switch.
It's going to take time, which is why as much as there's a relief here that oil prices are back down below $100 a barrel, they're still far from where they were as we were coming into the new year here.
The Energy Department is predicting oil supplies won't be fully restored until late this year, which means prices are likely to remain elevated.
NPR's Scott Horsley reporting. A group of new accounts on the prediction market, PolyMarket, made highly specific, well-timed bets on whether the U.S. and Iran would reach a ceasefire yesterday. resulting in hundreds of thousands of dollars in profits for those users. At least 50 wallets placed substantial yes bets before Trump announced the two-week ceasefire on social media.
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Chapter 2: How is the Iran war affecting global energy prices?
Defense attorneys asked for time served. The judge ruled that Sanga should serve 15 years in prison. Afterwards, Morrison reacted.
I feel bad for the family of the perpetrator here as well. You know, nobody won today.
Two more defendants in the case still need to be sentenced, including Matthew Perry's personal assistant, who injected him with the fatal dose. For NPR News, I'm Steve Futterman in Los Angeles.
A man named Adam Jacobs sometimes surreptitiously recorded more than 10,000 concerts from the 1980s through the early 2000s. A group of devoted volunteers in the U.S. and Europe is methodically cataloging, digitizing, and uploading them one by one. The No Tape Left Behind collection is available online. It's a treasure trove for music lovers, especially for fans of indie and punk rock.
I'm Ryland Barton. You're listening to NPR News from Washington.
Every episode of NPR's It's Been a Minute podcast starts with a question about how culture shapes our lives. Are we spending too much on other people's weddings? Is social media bad for your mental health? We're here for your right to be curious. One big question at a time. Follow It's Been a Minute wherever you get your podcasts.
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