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with Kai Ryssdal

Marketplace for Wednesday, December 28, 2011

Iran threatens to close the Strait of Hormuz over new sanctions that could limit its oil and gas industry. Meanwhile, Poland wants to do business with China. Heidi Moore looks back on the year for the banking industry. U.S. states are cutting back smoking prevention programs. The city of Memphis, Tenn., continues on a slow recovery, while Texas is still dealing with the effects of a major drought. And commentator Robert Reich talks about what he thinks will be 2012's defining political issue.

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A scene from downtown Memphis, which is slowly seeing a turnaround since last summer.
deborah.soltesz / Flickr
World
The newest sanctions on Iran would affect its oil and gas industry. Here, a $2 billion Iranian oil refinery in the main industrial Gulf port of Bandar-Abbas.
JAMSHID BAIRAMI/AFP/Getty Images

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