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Lakshmi Singh (0:17)
live from NPR News, I'm Lakshmi Singh. Early morning trading saw world oil prices soar as high as $126 a barrel over fears of an escalation in the U. S Iran standoff in the Strait of Hormuz side of competing blockades that have set off a historic energy crisis. As NPR's Aya Batrawi reports, there's no sign of relief for global markets in light of the latest responses from the leaders of Iran and the US President
Aya Batrawi (0:45)
Trump has rejected an Iranian proposal to open the Strait of Hormuz in exchange for the US Lifting its blockade on Iranian vessels. Under Iran's proposal, nuclear talks would be delayed to a later stage. Trump told Axios he sees the U.S. blockade as, quote, somewhat more effective than the bombing and that he does not want to lift the blockade on Iranian ships because he does not want Iran to have a nuclear weapon. Iran says its nuclear program is for peaceful energy purposes. Trump told Axios it was time for Iran to, quote, cry uncle and say we give up. Iran's lead negotiator, Mohammed Gallibouff, wrote on X that oil prices would soon hit $140 on the back of the, quote, unquote junk advice Trump's getting from people like Treasury Secretary Scott Bessant about the naval blockade. Agga Boltrawi, NPR News, Dubai.
Lakshmi Singh (1:29)
Well, oil prices have settled back down to around $114 a barrel. And despite the war, the US economy's expanded. The Commerce Department reports modest growth at a rate of 2% in the first quarter. The Dow's risen 625 points, or more than 1.2%, at last check. President Trump says he is considering reducing the number of American troops in Germany, where the U.S. maintains its largest military presence in S.B. nicholson reports the president's announcement comes after German Chancellor Frederick Merz criticized Washington for having a lack of strategy over Iran.
S.B. Nicholson (2:02)
More than 36,000 US troops are stationed in Germany, which is home to the most US military installations in Europe and to one of the USA's largest overseas air force bases in Ramstein. President Trump says he will decide shortly whether to cut the number of active service personnel. Earlier this week, Chancellor Friedrich Merz remarked Iran had, quote, humiliated the USA with its negotiating skills.
Lakshmi Singh (2:26)
Maine's Governor Janet Mills is suspending her Democratic campaign for the Senate seat long held by Republican Susan Collins. Kevin Miller with Maine Public Radio reports
