Economic Pressure: Oil Prices and the Strait of Hormuz

As Israel and the U.S. continue to fire missiles at targets within Iran, the American military and President Donald Trump are weighing the costs and benefits of putting U.S. boots on the ground in the Middle East once again.

Oklahoma Sen. Markwayne Mullin’s Department of Homeland Security confirmation hearing saw him clash with his fellow congresspeople. Despite the meeting’s testy tone, the committee cleared Mullin by a single vote, sending his confirmation to the full Senate.

A federal judge ruled this week that Voice of America must reinstate more than 1,000 employees after the Trump administration placed them on leave last year.

And, in global news, Iran’s foreign minister, Abbas Araqchi, announced this week that the Strait of Hormuz wasn’t technically closed to all traffic, just to ships controlled by the country’s enemies. Meanwhile, President Donald Trump is leaning on Japan to send warships to the passageway, to counteract Iran’s efforts to control the flow of trade.

New reporting from The Guardian indicates that before the U.S. began bombing Iran, security officials from U.S. allies judged that, as talks between Washington and Tehran progressed, a peace deal was in reach.

The U.S. eased sanction on Russia and Venezuela this week to unlock more viable sources of oil as energy prices rise and the war with Iran continues.

We cover the most important stories from around the world in the News Roundup.

Find more of our programs online. Listen to 1A sponsor-free by signing up for 1A+ at plus.npr.org/the1a.

To manage podcast ad preferences, review the links below:

See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.

Learn more about sponsor message choices: podcastchoices.com/adchoices

NPR Privacy Policy