NPR News: 07-23-2026 10PM EDT

Speaker 10:00

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Ryland Barton· Host0:13

Live from NPR News in Washington, I'm Ryland Barton. The US conducted another round of strikes on Iran. Military officials say the strikes were designed to degrade Iran's ability to target commercial ships. Meanwhile, President Trump says any damage done to ships in the Iran war will be paid for with Iranian assets that the US has frozen. And earlier, Yemen's Iran-backed Houthi rebels said they attacked two Saudi oil tankers in the Red Sea. The escalations have sent oil prices surging. NPR's Alina Selyukh has more on the ripple effects.

Alina Selyukh0:45

Today, we saw airline stocks really have a rough trading day because the surge in oil prices s-does suggest a surge in jet fuel.

Ryland Barton· Host0:53

Totally.

Alina Selyukh0:54

Another piece of news today came from the mortgage market, which is also interestingly connected to all this.

Ryland Barton· Host0:59

Hmm.

Alina Selyukh0:59

It's kind of a reflection of how the price of oil goes into the cost of shipping all kinds of things. And so there's a concern about inflation, how the government would respond with interest rates. Already fuel prices are driving up the yield on the 10-year Treasury bond, and this is the part that matters, that has been boosting mortgage rates. The average rate for a 30-year mortgage hit six point five eight percent this week, the highest in nearly a year.

Ryland Barton· Host1:21

NPR's Alina Selyukh reporting. Tennessee's new congressional map will stay in place for the midterm elections. A second federal judge denied a request to reverse