Transcript
A (0:01)
Live from NPR News in Washington, I'm Jeanine Herbst. In the first two weeks of the US War with Iran, the average gas price has surged to $3.70 per gallon on average, according to AAA. And crude oil prices tonight are over $100 a barrel. But as the war continues, the Trump administration says the spike in prices will be short lived. And here's Luke Garrett has more.
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During the war, Iran has largely closed the Strait of Hormuz, a key shipping lane for the world's oil and economy. But Energy Secretary Chris Wright told ABC News the war will, quote, certainly end soon.
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The conflict will come to the end in the next few weeks and we'll see a rebound in supplies and a pushing down of prices after that.
B (0:44)
On Saturday, President Trump said other countries would help to reopen the Strait. Wright did not say which countries would assist the US or when. The energy secretary then argued the war will ultimately make gas cheaper.
C (0:56)
This is short term pain to get through to a much better place where the Middle east can no longer be held hostage by the one rogue nation in Iran.
B (1:06)
But Wright also said, quote, there's no guarantees in wars. Luke Garrett, NPR News, Washington.
A (1:13)
The Iraqi government is raising concerns over the security of ISIS detainees transferred last month by US Forces from Syria to Iraq. That's after what it says were six attacks yesterday on the Baghdad airport compound where they're being held. NPR's Jane Araf has more.
D (1:30)
The detainees are being held in Camp Cropper, which is a facility set up and used by the US military after it invaded Iraq in 2003 to hold what it called high value detainees. Officials from Saddam Hussein's regime and from militant groups. The US Forces had been based around there and had a large base at the airport. They've largely withdrawn, but they are still coming under attack.
A (1:57)
NPR's Jana Raff reporting. The Treasury Department is set to receive a $10 billion fee charged by the Trump administration for brokering a deal to sell TikTok's U.S. business. As NPR's Bobby Allen reports, the payment's drawing more attention into how Trump is using the presidency for deal making.
E (2:16)
The $10 billion represents about 70% of TikTok's U.S. valuation. Typically, bankers who complete large deals receive more like 1%. And the deal to sell off most of TikTok's Chinese investment only occurred to comply with Congress passed. So in some sense it's a fee for brokering a deal to comply with the law. Some of the biggest beneficiaries of the TikTok deal are longtime Trump allies like Larry Ellison, co founder of Oracle, which is a lead investor in the new TikTok entity. The fee, which was first reported by the Wall Street Journal, is being defended by the White House as a fair payment for saving TikTok in September. Trump said the public would soon learn about, quote, a tremendous fee. Bobby Allen, NPR News.
