"Live from NPR News in Washington, I'm Louise Skivoni.
Iran's president says the Strait of Hormuz will remain closed until the U.S. makes
“good on its commitments to negotiate and end to the war.”
The Iranian leader says his country and Oman have reached a tentative agreement to manage traffic through the Strait, once it reopens. NPR's Kiri Khan has more." "President Masood Pazeskin made his comments on state TV at the six-month mark of the war. He says Iran and Oman have an agreed upon route for all shipping traffic. With vessels
entering the Strait through Iranian waters, they would exit through Omani waters. However, the president says Iran is not prepared to lift its blockade until the U.S. drop sanctions, releases Iranian funds and brings an end to Israel's war in Lebanon. All commitments he says the U.S. had originally agreed to. No direct talks between the U.S. and Iran are taking place."
The president also says Iran's economy has been hit hard by the war, with foreign trade
“dropping by more than a third. He urged Iranians to work from home and use public transportation”
in light of gasoline shortages. Kiri Khan and Pia're News Tel Aviv." President Trump last night announced the U.S. has struck a deal with Venezuela to take control
of up to 65 billion barrels of Venezuelan oil reserves in a partnership with a private company
not yet named, Venezuela holds the largest oil reserves in the world. And Pia's Ron Elving reports this comes amid continued uncertainty about the transit of oil from the Middle East. Trump says the Strait of Hormuz is open, but only about a tenth, as many ships can get through, as did in March. Trump also says there's plenty of oil coming from elsewhere in
the world, and he's just announced the deal to control oil from Venezuela. And it may be a great deal of oil, but it may take years to hit the market. Meanwhile, we're
“paying $4 a gallon for gas and lots higher prices for many of the things.”
And Pia's Ron Elving reporting from Washington. A federal appeals court has ruled against prediction market site, Calshy, and a dispute over whether using the site should be considered gambling. As NPR's Bobby Allen reports, the decision sets up a legal fight before the Supreme Court over the future of the industry. Nevada officials have banned Calshy, claiming it is an unlicensed gambling operator allowing
illegal bets on sports elections, politics, and the president's choice of words. Calshy fought back. It argued the Trump administration has the exclusive right to regulate the booming prediction market sector. Now, the nine circuit of appeals in San Francisco has sided with Nevada. The court found that federal rules for so-called event contracts do not override state laws. The ruling
creates a split with the third circuit which sided with Calshy in a similar case. Whether
Calshy and the multi-billion dollar prediction market sector is legal, is expected to
be ultimately decided by the Supreme Court, Bobby Allen and Pia News. This is NPR News in Washington. The food supply chain impact of Europe's extreme heat and drought are rippling through fishing regions along the Danube River, from Oleg in Slovenia and this slide side channel of the Danube in Serbia to fish farms in Bosnia, the Czech Republic, Romania, and Hungary, dramatically
low bodies of water are depleted as fishing boats sit on dry, cracked waterbed damage is estimated in the millions. A growing number of cities are beginning to restrict right on red turns, Cynthia Abrams with member station WPLN reports Nashville could be next, the proposal, which would ban right on red turns in school zones and high traffic areas, is a response to Nashville's
worsening pedestrian fatality rate. New York City, San Francisco, and Atlanta are among the cities that have already restricted the turns in a bid for safer streets. Nashville Council Member Sandra Sepulveda, who introduced the legislation, says Intenacy, the effort is overdue. It's been pushed off for so long, and during that time, people have passed away.
So far this year, at least 21 pedestrians have died on Nashville roads. The bill will have to get approval from the city's metro council. For NPR News, I'm Cynthia Abrams in Nashville. Nashville International Airport's name may be heading for a change, Tennessee Governor Bill Lee and the CEO of the metropolitan Nashville Airport Authority have announced they
would support renaming the airport for Dolly Parton. The Authority considers the question next month. I'm Louise Givoni, and PR News, Washington. This season on Planet Money Summer School, we have drilled for oil and Norway. We've smuggled products in the North Korea, and now we make it to our seventh continent, Antarctica.
