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Ryland Barton (0:36)
in Washington, I'm Ryland Barton. Iran says it closed the Strait of Hormuz again today after Israel continued to attack the Hezbollah militant group in Lebanon. The closure casts doubt on whether the ceasefire will hold. As NPR's Greg Myhre explains, there was
Greg Myhre (0:51)
sporadic fire today with Arab Gulf countries in particular reporting some attacks from ir. Iran said it was hit at least once, but broadly speaking, the Iran war is definitely going quiet. However, Israel is still heavily bombing Hezbollah in Lebanon. Israel says that conflict is not part of the ceasefire. Now Iran says it is. The US Is siding with Israel, but the fighting in Lebanon could be a problem if it carries on.
Ryland Barton (1:20)
NPR's Greg Myhre reporting. Stock prices rose and crude oil prices fell today, but the Iran war will affect energy supplies and prices for some. NPR's Scott Horsley explains.
Scott Horsley (1:31)
You know, the war left a sizable hole in the global energy market and it's not going to be filled overnight. When shipping traffic was halted in the Strait of Hormuz, some of the Gulf oil producers didn't have any place to store their oil, so they had to idle some oil fields. And John Kilduff, who's an energy analyst at Again Capital, says getting that oil flowing again is not as simple as just turning a valve or flipping a
John Kilduff (1:54)
switch going to take time, which is why as much as there's a relief here that oil prices are back down below $100 a barrel, they're still far from where they were as we were coming into the new year here.
Scott Horsley (2:06)
The Energy Department is predicting oil supplies won't be fully restored until late this year, which means prices are likely to remain elevated.
Ryland Barton (2:13)
NPR's Scott Horsley reporting. A group of new accounts on the prediction market, polymarket made highly specific, well timed bets on whether the US And Iran would reach a ceasefire yesterday, resulting in hundreds of thousands of DOL profits for those users. At least 50 wallets placed substantial yes bets before Trump announced the two week ceasefire. On social media, Polymarket labeled the ceasefire betting event as disputed due to ongoing tensions, which means some payment payments are on hold. In Washington state leaders have declared a statewide drought. Northwest Public Broadcasting's Anna King reports snowpack