NPR News Now covers Middle East oil exporters building pipelines to bypass the Strait of Hormuz amid U.S.-Iran tensions, though analysts question the timeline and effectiveness. The episode also reports on skepticism from U.S. cattle ranchers regarding a Trump administration plan to import beef to lower prices. Additionally, it discusses investor anxiety over inflation ahead of a Fed Chair speech, a new U.S. space transportation policy aiming for 1,000 annual launches by 2030, and the death of actress Shelley Fabre.