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(Second column, 10th story, link)
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We discuss the ongoing crisis in the Strait of Hormuz with the Quincy Institute for Responsible Statecraft's Trita Parsi. U.S. officials are denying Iranian reports that a U.S. vessel was struck by Iranian missiles amid the two countries' dual blockade of the strait. The warring nations still say they are observing a fragile temporary ceasefire as negotiations continue for a possible longer-term deal. However, says Parsi, "both sides are making maximalist demands," so a diplomatic solution is unlikely. "As long as Trump continues to listen to those forces, the very same forces that also sold him this blockade that has backfired, we're not going to see a diplomatic breakthrough. It requires a far more disciplined and flexible approach to negotiations, and right now we're not seeing that from either side."
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The measure will allow the G.O.P. to begin working on a filibuster-proof bill to fund ICE and C.B.P., part of their plan to reopen the long-shuttered Department of Homeland Security.
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The United Arab Emirates announced Tuesday it would be leaving OPEC, the Organization of the Petroleum Exporting Countries, on May 1. The UAE has long disagreed with Saudi Arabia over oil production quotas and says it is leaving the group to focus on "national interests" and increase its production capacity.
"The fact that the UAE has pulled out means that this cartel will have less ability to be able to push up the price when it wants," says Akshat Rathi, senior climate reporter at Bloomberg News. "We've already seen some of it not working, because there are all these other producers, like the U.S.A., but also places like Guyana, that are increasing their production a lot."
Meanwhile, Rathi adds that as countries across the globe brace for the ripple effects of the energy shocks created by the U.S.-Israeli war on Iran, transitions to clean energy could be accelerated. "In the past, when countries were faced with this kind of energy shock, they had options that were quite limited," says Rathi. But now countries can "try and deploy as much renewables so that they can build energy supply at home."
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