Okay, everything is good now, economy-wise, right?

From American public media, this is Marketplace.

In Los Angeles, I'm Kyle, Rizdahl. It is Friday. Today, this one is the 17th of April. Good as always to have you along, everybody.

Okay, so look, everything is clearly not fine economy-wise. One might even say it's going to be a while before we get back up to fine economy-wise.

But we're going to spend the next seven and a half minutes on this program testing that premise.

Kate Davidson's at Bloomberg. Anna Swanson is at the New York Times. Hey, you two.

Hey, Kate. Kate, you get to go first. There is a truce in various stages of being denied or reinforced by either one of the parties.

And we obviously hope it holds. We are, though, a long way from normal. And I would like you to just expound on that for a little bit.

Sure. So obviously, the news from today on the

Strait of Hormuz reopening and the potential for a peace deal is undoubtedly really good news. I mean,

we're seeing markets just surge on this news. Of course, there's not a lot of nuance sometimes

in the way that investors react.

They're reacting.

It's a big sigh of relief, right?

But ultimately, as you said, it's just going to take time for things to normalize.

We heard from a lot of different finance ministers who were in Washington this week for meetings of the IMF and World Bank, talking about how even if the war were to cease immediately

and everybody shakes hands and it will take weeks, if not months, before normal operations

resume. You know, you need to get tankers back to the straight. And it looks like from

reports that we're seeing that people are already scrambling on this news,

but it just takes time logistically to get things back to where they were.

So we saw this big impact on prices.

That's easing somewhat, but it's going to take weeks and maybe months for all the kinks

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