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Live from NPR News in Washington, I'm Jeanine Herbst. U.S. and Israeli forces have rescued a U.S. air Force officer nearly two days after his plane was shot down in a mountainous region of Iran. NPR's Mara Liaison reports. President Trump celebrated the news and also issued a new threat.
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Trump said the rescued officer sustained injuries, but, quote, he will be just fine. This was the first time Iran has shot down a US Fighter jet since the war started. President Trump also issued a profane threat to Iran on Easter Sunday morning. He said starting Tuesday, the US Will bomb power plants and bridges if Iran doesn't open the Strait of Hormuz. The president has issued a series of contradictory statements on the strait, saying that it would open naturally when the war ends or that European countries should open the strait themselves. But it's hard to see how Trump can declare victory and end the war if the strait is still controlled by Iran. Mara Liasson, NPR News.
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OPEC has agreed in principle to boost oil output after a meeting today as global markets react to disruptions in the strait of Hormuz. NPR's Windsor Johnston has more.
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OPEC says it's planning to boost output, but some producers are struggling to increase production amid ongoing instability. Former State Department energy envoy David Goldwyn says even if the Strait of Hormuz reopens, the damage is already done.
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Reopening of the straits will be slow because it may have been mined. Also, the logistics of getting all the ships that are trapped in out and the ones that are out in will be slow repair. There's been a lot of damage to infrastructure. We don't know how bad.
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Goldwyn says a backlog of delayed shipments and ongoing security risks could keep pressure on global oil supplies for weeks. That continues to drive up gas prices in the US with the national average now topping $4 per gallon. Windsor Johnston, NPR News, Washington.
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On Wall street, investors will get a fresh look at inflation this coming week. NPR Scott Horsley reports. It's likely to show the fallout from the wartime spike in energy prices.
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Gasoline prices have jumped sharply since the US And Israel launched their war against Iran. That's expected to push the annual inflation rate back above 3% when the price index for March is released on Friday. Core inflation, which strips out volatile energy and food prices, is also expected to be higher in March than it in February. The Federal Reserve says President Trump's tariffs have contributed to upward pressure on the price of imported goods. Stubborn inflation is making the central bank cautious about cutting interest rates. The Fed's likely to feel less pressure to lower borrowing costs after Friday's jobs report. It showed U.S. employers added 178,000 jobs in March as the unemployment rate dipped to 4.3%. Scott Horsley, NPR News, Washington.
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U.S. futures contracts are trading lower at this hour. You're listening to NPR News from Washington. Pope Leo celebrated his first Easter Sunday as pope. On a Sunny Day in St. Peter's Square in front of 50,000 faithful, he called for world leaders to lay down their weapons and seek paths toward dialogue and peace. Claire Giangrave of Religion News Service has more from Rome.
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In his Easter address, Pope Leo said that peace cannot be achieved through weapons or threats at a time when political leaders in the United States and in Israel have employed religious language to justify the war in Iran, the pope said that the Christian story is one of nonviolence. The pope also called on each individual to take action and not be desensitized by the suffering and death of others. Quoting his predecessor, Pope Francis, on April 11, he called for a prayer vigil for peace in St. Peter's Basilica to ask God to rid the world of wars and indifference. For NPR News, I'm Claire Giangrave.
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At the weekend box office, the Super Mario Galaxy movie took the top spot with an estimated $130 million in ticket sales. That's the biggest opening of the year for a Hollywood film. The Illumination and Nintendo Co production capitalized on kids spring break vacations, and despite mixed reviews, audiences were happy. The movie features returning voice actors like Chris Pratt and Jack Black in second place. Project Hail Mary With $30 million globally, the movie's made more than $420 million so far. I'm Jeanine Herbst, NPR News, in Washington.
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