NPR News: 05-03-2026 5PM EDT

Iranian officials report receiving a U.S. response to their latest peace plan via Pakistani mediators and are now reviewing it, though neither the Trump administration nor Pakistan has confirmed. Separately, Iran is advancing a proposed law to restrict traffic in the Strait of Hormuz, a key oil shipping route. The measure would permanently bar Israeli vessels, require all ships to obtain Iranian authorization, and demand that vessels from "hostile countries" pay war reparations on top of tolls. These restrictions align with a 14-point list of demands Iran submitted to the U.S. this week through the same mediators.

Gas Prices Hit Four-Year High

U.S. gas prices have surged to their highest in nearly four years amid rising oil costs exceeding $100 per barrel. The national average for regular unleaded stands at $4.44 per gallon, with projections for $4.75 or even $5 by Memorial Day. In California, some areas exceed $6 per gallon, while Seattle drivers face nearly $5.80. Since an unspecified conflict began, average unleaded prices have risen over 40%. Residents like Galen Lewis in Whiting, Indiana, are cutting back on driving to manage costs.