Transcript
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Ryland Barton (0:15)
Live from NPR News in Washington, I'm RYLAND Barton. The U.S. and Israel's war with Iran continues to escalate. Yesterday, Israel attacked a crucial Iranian natural gas field, and then Iran responded today with a strike on the world's biggest liquefied natural gas complex in Qatar. Now the Trump administration is proposing $200 billion in additional funding for the war. Thomas Wright served as senior director for strategic planning at the National Security Council under President Biden. He says it's unlikely Iran will surrender anytime soon.
Thomas Wright (0:46)
I think Iran only wants the war to end when it has some guarantee that he won't be back in six or eight or 10 months to strike again if it rebuilds. I think they want to impose costs on the US And Israel to deter a future strike. And so I don't think they would necessarily accept an unconditional cessation.
Ryland Barton (1:10)
Global crude oil prices continue to swing during the war, hovering around $107, and gasoline prices in the US continue to climb. The US has pulled many levers to try to bring prices down and is considering others. But as NPR's Camilla Dominoski reports, the scale of the disruption to global oil markets is profound.
Dan Pickering (1:28)
About 20 million barrels per day typically passes through the Strait of Hormuz. Right now, maybe 5 million is making it the strait, like through pipelines. Dan Pickering is the chief investment officer at Pickering Energy Partners.
Camilla Dominoski (1:40)
15 million barrels a day isn't easy to offset anywhere. That's the total production of the United States, and we're the biggest producer in the world. There is no easy fix.
Dan Pickering (1:50)
Tapping StockPiles and easing US sanctions only partly fills the gap. And waiving the Jones act, which mandates goods traveling between US Ports be sent on American built ships, might ease gasoline prices by a penny or less. Camila Domonosky, NPR News.
Ryland Barton (2:06)
The Trump administration announced today that it will move significant management of the nation's federal student loan portfolio to the Treasury Department, continuing President Trump's effort to shrink and eventually shutter the Education Department. NPR's Sequoia Carrillo reports.
