07 Mar 2026
15m

Iran One Week On, Oil Prices Spike, Latin America Meeting

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Up First from NPR

Tensions in the Middle East escalate as Israel and Iran exchange attacks, impacting global energy markets and prompting U.S. intervention. Israel's military conducted strikes in Iran and Lebanon, targeting military sites and Hezbollah militants, while Iran's president offered a limited apology for attacks on Gulf states. These attacks have disrupted oil tanker traffic through the Strait of Hormuz, causing global oil prices to spike and leading to increased gasoline prices in the U.S. Camilla Dominosky, NPR's energy correspondent, explains how the U.S. is trying to provide insurance and naval escorts to mitigate the crisis. Meanwhile, President Trump is meeting with Latin American leaders in Miami to counter Chinese influence, focusing on military force against drug cartels, despite ongoing conflicts in the Middle East.

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