Transcript
A (0:00)
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B (0:17)
Live from NPR News, I'm Giles Snyder. During a primetime speech from the White House, President Trump said countries that receive oil through the Strait of Hormuz should take action to secure the passage.
C (0:29)
I have a suggestion. Number one, buy oil the United States of America. We have plenty. We have so much. And number two, build up some delayed courage. Should have done it before, should have done it with us as we asked. Go to the strait and just take it, protect it, use it for yourselves.
B (0:47)
Trump also blamed Iran's virtual shutdown of the Strait of Hormuz for the prices Americans are paying at the pump and said the waterway will reopen naturally when the conflict ends because of the oil trade. Oil prices rose above $105 a barrel following Trump's speech. And the financial markets in Asia losing ground following Wednesday's gains on Wall Street. In his own address to the nation Wednesday, British Prime Minister Keir Starmer said that the UK Will host a meeting with other nations to discuss the Strait of Hormuz. A meeting among 35 countries is to be held virtually later today. The skyrocketing cost of fuel starting to hurt New England fishermen from from Ocean State media, David Wright reports.
D (1:31)
At the fishing ports of Rhode island, the price of dockside diesel fuel jumped nearly 50% last month. It's now 575 a gallon. If it climbs much higher, sea captains like Patrick Duckworth say it may soon become too expensive to fish.
E (1:49)
Price of fish doesn't come up. Price of fuel don't go down. You're going to seal this harbor full all summer long.
D (1:55)
Meaning they won't be going out on the water.
E (1:56)
Yep. Won't be going on the water. And less money. Probably a lot of people that won't have jobs.
D (2:01)
Seafood processors say it's a double whammy. Not only do higher fuel prices cut into the fishermen's pockets, they also hit harder for truckers who transport the fish where it needs to go. For NPR News, I'm David Wright in Narragansett, Rhode Island.
B (2:17)
Now to Capitol Hill, where Republican leaders in Congress say they have a plan to fund the Department of Homeland Security after a month funding lapse. It's not immediately clear, though, what comes next. NPR's Eric McDaniel has more.
