Marketplace All-in-One - How much leverage does Iran really have over oil trade?
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.
Marketplace All-in-One - Are federal cuts threatening food safety?
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.
Marketplace All-in-One - “Markets are sort of holding their breath”
In the wake of President Donald Trump’s decision to bomb Iranian nuclear facilities and the continuation of missile exchanges between Iran and Israel, stock, bond, and oil markets are in a holding pattern. This morning, we'll unpack how financial markets are responding to war headlines. Plus, the big tax and spending legislation includes a ban on state AI regulation and would override more than 100 local laws already on the books.
Marketplace All-in-One - Geopolitics and oil prices
From the BBC World Service: We're tracking volatility in global oil prices following U.S. attacks on Iran over the weekend. There's a renewed focus on a key oil transport waterway, the Strait of Hormuz, which Iran’s parliament voted to shut down. U.S. Secretary of State Marco Rubio has also called on China to influence the situation there. Plus, the Spanish city of Seville carried out a pilot project naming heat waves to raise public awareness and better prepare local economies.
Marketplace All-in-One - California seeks new guardrails on automated AI systems
In California, the state Senate has voted in favor of a so-called AI Bill of Rights, which would establish new guardrails around automated decision systems. To learn more about them, Marketplace’s Nova Safo spoke with Kate Brennan, associate director of the think tank AI Now Institute.
