"Lie from NPR News," I'm Lakshmi Singh.
The U.S. and Iran are declaring that the state of Hormuz is open again to commercial
vessels.
“NPR's Quilorn supports its for the remainder of Israel's new 10-day ceasefire with Lebanon.”
"The Iran has announced that it's reopened to commercial shipping, so long as that shipping is on this narrow route that previously was delineated by Iranian authorities. Iran's foreign minister said on social media that this was in response to the ceasefire with Israel. And oil prices dropped right after, but shipping companies are bound to be a little bit
cautious as they assess the risks of going through a straight that everyone fear the Iranians had mined." NPR's Quilorn's and NPR's morning edition Iran itself is still facing a U.S. naval blockade of its ports. The U.S. Iran ceasefire expires next Tuesday.
oil prices have fallen sharply.
The international benchmark has fallen below $90 a barrel, and U.S. oil has dropped close to 80. That's a drop of more than 12%.
“NPR's Camilla Dominozki reports this is expected to bring relief to drivers in the”
weeks ahead if the ceasefire holds. Oil prices have been on a real roller coaster, and there is the risk that things change again. But if these lower prices stick around, drivers should feel the benefit. Patrick DeHont is with the App Gas Buddy, he says prices at the pump will start dropping
very soon. There's an element of immediate relief, and more relief will be coming in a month or two when things really start to get fully back online. But getting gasoline prices all the way back to the pre-war average could take until the end of the year he predicts.
Demand is high in the summer, and it will take times for the global oil market to recover from the last seven weeks. Camilla Dominozki and PR news. An insurgency around natural disasters and immigration policy is also causing insurgency in the housing market in the US.
“That's according to a new report from Oxford Economics, the report lower the number of”
houses that are needed in the United States. And PR's Steven Bassaha reports that is due to fewer migrants in the country. Long-term, there's uncertainty around how many homes will need replacing due to extreme weather events. Oxford Economics, Nancy Vandenhausen, also says declining US birth rates mean immigration
policy will also play a role. I mean, if immigrants are going to make up the larger share of the population, and there's more uncertainty about how many immigrants we're going to have that creates more uncertainty for our forecasts for the amount of needed housing. There's also short-term uncertainty due to the war the run, driving a barring cost.
The National Association of Home Builders indexed on boat or sentiment is most pessimistic it's been in seven months. Steven Bassaha and PR news. The Dow is up 939 points or nearly 2%. This is NPR news.
Forecasts are calling for another round of severe storms that could spawn more tornadoes, some as strong as EF3 in the Central U.S., tens of millions of people in major cities in Wisconsin, Illinois, Missouri, Iowa, and other states are facing heightened risk today. The National Weather Service also warns of flood generating rainfall with rates of as much as two inches an hour in some areas.
The U.S. Supreme Court is unanimously siding with oil and gas companies who argue that their challenges of environmental laws should be moved from state to federal court. Chevron and Exxon Mobile led the company's legal battle in Louisiana over who should pay for degradation to the state's coastline. A team of engineers says it's closer to training robots to do household chores or manual
labor. And PR's Katie Riddle says it's long been a goal in the field of robotics. Humans have long been able to train robots to do individual tasks, but teaching them to adapt and course correct their own behavior has flumics to many engineers. A team in Switzerland say they have cracked this code using a type of AI called machine
learning. Well, this may eventually allow for robots to help with lots of human conveniences. It also poses a danger that they can learn something we don't want them to do like hurting people. That's according to Susan Schneider, who studies AI at Florida Atlantic University.
These are major AI safety challenges.
Their major philosophical challenges and of course they're incredible engineering seats.
The new research was published in the Journal of Science at Robotics, Katie Riddle, in PR News. This is NPR. This week on up first, the Trump administration and Iran do not have a p-steel. Now the president says the straight of her moves is under a U.S. blockade. What that means for the ceasefire in Iran remains to be seen.
And what it means for gas prices, those will likely continue to climb. Follow the latest developments we'll have them every morning on up first.
