Transcript
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Dale Willman (0:19)
I'm Dale Willman. The U.S. central Command says it will begin a blockade of all Iranian ports and coastal areas starting in six hours. President Trump ordered the blockade after peace talks collapsed this weekend in Pakistan.
Greg Myray (0:31)
Iran effectively closed down the Strait of Hormuz, this 21 mile wide waterway, and very few ships have been going in or out of the Gulf in recent weeks. It was more than 100 ships a day before the war. Now it's just a handful. The strait was supposed to reopen when the ceasefire was announced last Wednesday, but that hasn't happened. We're still seeing just a trickle of traffic, usually three, four, five ships a day. It was 12 on Saturday, which is the highest day in recent weeks or so, according to the ship tracking firm in Kepler.
Dale Willman (1:03)
NPR's Greg Myray also says ships traveling between non Iranian ports will still be allowed to transit the strait during the blockade. Israeli Prime Minister Benjamin Netanyahu crossed the border into Lebanon Sunday to visit Israeli troops who've invaded that country. Israeli airstrikes continue to target Hezbollah militants there. NPR's Lauren Freyr reports from Beirut.
Lauren Frayer (1:25)
Israeli airstrikes hit the Mediterranean resort city of Tyre and border villages. Israel says it's seizing from Lebanon to create what it calls a buffer zone where Hezbollah campfire RO rockets. The Lebanese Red Cross says one of its ambulance teams was directly targeted by an Israeli drone, killing one paramedic and wounding another. UN Peacekeepers say an Israeli tank rammed their vehicles and Israeli troops fired warning shots that hit three feet from personnel. Netanyahu and his defense minister, Israel Katz, both joined invading troops inside Lebanon. Katz said his goal is to disarm Hezbollah and remove houses so that they can't become, quote, terror outposts. Lebanon says nearly 40,000 homes have been destroyed or heavily damaged in the past 35 days. Lauren Frayer, NPR News, Beirut.
Dale Willman (2:13)
It's earnings season for the country's biggest banks. On Wall Street, NPR's Maria Aspen has our story.
Maria Aspen (2:20)
Goldman Sachs, JPMorgan Chase and other big banks will report results from the last three months, giving investors a window into the economic fallout from the war in Iran and the resulting energy crisis. Surging oil prices have pushed up costs for both companies and consumers, and banks like JP Morgan do business with both. It's due to report earnings days after Delta, the country's largest airline reported its first quarterly loss in nearly three years due to the soaring cost of jet fuel. The airline is raising prices and cutting flights, but said customers are still buying tickets. Investors will get a lot of big business updates this week. Netflix and Pepsi are among the other companies reporting earnings. Maria Aspen, NPR News.
