Author: Marketplace

Over the last several days, you may have seen the latest examples of a growing phenomenon: satellite images of a conflict zone. This time, they were of Iranian nuclear sites, before and after American bombs struck. Images like these come from commercial satellite companies, a change from our past reliance on government-provided photographs. The shift toward commercial satellites gained steam amid Russia’s war in Ukraine, according to Mariel Borowitz, an associate professor at the Georgia Institute of Technology who specializes in space policy and the satellite industry.

The Conference Board’s consumer confidence index dropped in June. That’s after a brief reprive in May from a monthslong downward slide. Uncertainty surrounding the job market, tariffs, that GOP tax bill, trouble in the Middle East — what’s not to be glum about? In this episode, we explain what could shift the mood. Plus: Soon-to-be college grads in China prepare for an unwelcoming job market, oil shipping prices grow even as oil prices fall, and Congress considers a new way to regulate crypto.

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Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

The United States’ entanglement in Iran and Israel’s current conflict has a long, complicated history. Today we’re looking back at how it led up to the U.S. strikes on Iran over the weekend. Two major factors: Iran’s nuclear capabilities and economic sanctions, which the U.S. used to deter Iran’s nuclear program and to incentivize Iran to sign on to the 2015 nuclear deal. Rose Kelanic, director of the Middle East Program at Defense Priorities, explains some of the history behind tensions between the U.S. and Iran, the role sanctions played in the 2015 Iran nuclear deal, and how the deal broke down.

Later, one listener’s take on the Trump administration’s threats to the Pell Grant program. And, a gardening blogger was wrong about DIY plant food hacks.

Here’s everything we talked about today:

• "Strike Set Back Iran’s Nuclear Program by Only a Few Months, U.S. Report Says" from The New York Times
• "Trump tries to maintain fragile ceasefire hours after he announced it" from Politico 
• "Iran’s Nuclear Dreams May Survive Even a Devastating American Blow" from The New York Times 
• "History of US-Iran relations: From the 1953 regime change to Trump strikes" from Al Jazeera 
• "Why Israel will resist any US-Iran nuclear deal" from Atlantic Council 

• "Satellites show damage to Iran's nuclear program, but experts say it's not destroyed" from NPR  

  
  

  Got a question for the hosts? Email makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

Currently, if you or your kids get into college and don’t have the money to pay for it, you can borrow however much you need from the federal government to cover tuition and living expenses. If the tax cuts and budget bill working its way through Congress passes, that won’t be the case anymore. Plus, some oil experts aren't worried about the Strait of Hormuz and Fed Chair Jerome Powell heads to Capitol Hill.

The situation in the Israel-Iran war is fluid, with Israel accusing Iran of violating a ceasefire that President Donald Trump had announced late yesterday. Israel is vowing firm retaliation. Players in financial markets continue to take a wait-and-see position. We'll discuss the state of play. Also on the program: a preview of consumer confidence and a look at why defense is front and center at this week's NATO summit.

From the BBC World Service: The price of Brent crude oil has fallen to $69 a barrel, despite a statement from Israel saying that it has identified missiles launched from Iran earlier this morning, something Iran has denied. Israel had announced it had agreed to a U.S.-brokered ceasefire with Iran earlier today, causing the oil price to drop 15% from a high of $81 a barrel yesterday. Plus, Google comes under pressure and a tariff deadline looms.

Iran's government knocked out internet and mobile networks after Israel began bombing the country. That’s left the population with little to no access to critical information. One person who watched this played out is Ahmad Ahmadian, executive director at Holistic Resilience, an organization that helps Iranians circumvent government censorship. He says Iran's government often restricts internet during critical times.

After launching air strikes on Iranian unclear facilities over the weekend, President Trump posted to Truth Social, demanding that U.S. oil firms “drill, baby, drill.” Although ongoing conflict in the Middle East could balloon oil prices, it’s unlikely that domestic producers are racing to ramp up production just yet. Also in this episode: Renting may be more appealing than buying right now, Treasury auctions see stability, and tariffs threaten the success of a Wyoming trona mine.

Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.

Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Oil markets went into a state of panic after the United States launched strikes on Iranian nuclear facilities over the weekend, stoking fears that Iran could retaliate by closing the Strait of Hormuz. But Iran’s control over the key oil trade route may not be the economic weapon many think it is. We’ll explain. And, several provisions in the Republicans’ reconciliation bill haven’t made it through the so-called “Byrd Bath” and risk being axed from the legislation. Plus, did you know killer whales aren’t really whales?

Here’s everything we talked about today:

• "Capitol agenda: How Johnson may block an Iran rebuke" from Politico 
• "11 days until July 4: Byrd Bath and policy fights on deck" from Punchbowl News
• "Senate parliamentarian rejects GOP attempt to authorize states to conduct immigration enforcement" from The Hill
• "G.O.P. Can’t Include Limits on Trump Lawsuits in Megabill, Senate Parliamentarian Rules" from The New York Times  
• "Iran Has an Oil Card to Play. So Does the U.S." from The Wall Street Journal  
• "The largest digital camera ever built has released its first shots of the universe" from AP News  
• "Vera C Rubin Observatory first images" from BBC Sky at Night Magazine  
• "Killer whales seen grooming each other with kelp in first for marine tool use" from The Guardian 

Got a question for the hosts? Email makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

Last week, a listeria outbreak linked to ready-to-eat meals sold at Walmart and Kroger led to hospitalizations and three deaths. Major DOGE cuts targeted administrative and communications staff at food safety agencies, and some experts worry there could be further weakening of America's food safety systems. We'll hear more. But first: We'll give an update on oil markets and the Middle East, and learn about the work left to do on the big tax and spending bill.