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Chapter 1: What recent developments occurred in Iran-Pakistan relations?
Live from NPR News in Washington, I'm Janine Herbst. Iran's foreign minister is in Pakistan's capital again after he took part in peace talks there earlier this month. Betsy Jowles reports from Islamabad, the city's been locked down for days in anticipation of another round of talks.
In addition to Islamabad, Aragchi said in a post on X that he'll also visit Muscat and Moscow for discussions on, quote, bilateral matters. Pakistan's foreign ministry said in a statement that Aragchi would hold meetings with its senior leadership. White House Press Secretary Caroline Leavitt told Fox News that Jared Kushner and Steve Witkoff would travel to Pakistan on Saturday for talks.
Aragshi did not say if he would participate in talks with the U.S. in Pakistan. For NPR News, I'm Betsy Joles in Islamabad.
The Trump administration has extended a waiver of the Jones Act through the end of August in an attempt to help with domestic supplies of gas and other refined oil products. NPR's Camilla Dominovsky reports waiving the Jones Act makes it easier to move fuel around, but it doesn't significantly affect prices.
The Jones Act requires goods shipped from one U.S. port to another to be sent on a U.S.-built ship with a U.S. crew. The requirement boosts the domestic shipbuilding industry, but creates a headache for other industries. There just aren't very many ships that qualify.
The initial 60-day waiver of the act was meant to help companies adapt to the global disruption in oil supplies caused by the Iran war. Experts say it does make it easier to ship fuels from U.S. refineries to U.S. customers, but the effect on gasoline prices for consumers is minimal, by some estimates as little as a fraction of a penny. Camila Dominovsky, NPR News.
A Fort Bragg soldier accused of using insider information on the capture of Venezuelan President Maduro and his wife to win more than $400,000 in the online prediction site Polymarket was in court in North Carolina today. Gannon Ken Van Dyke is charged with unlawful use of confidential government information. Polymarket is banned in the U.S., but it can be accessed with a private network.
And here's Bobby Allen has more.
The Trump administration has dropped investigations into Polymarket that were started under President Biden. And, you know, while Polymarket's main competitor, Kalshi, is subject to more rules by being regulated by the federal government, Trump officials don't seem too bothered by Polymarket operating overseas.
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Chapter 2: How does the Jones Act waiver affect U.S. fuel supply?
For NPR News, I'm Juliana Washburn in Galveston.
And on Wall Street, the Dow was down 79 points. Both the S&P 500 and Nasdaq closed at records. This is NPR News.
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