00:00The world is on edge as the Strait of Hormuz nears a total shutdown.
00:03And now a new twist.
00:05China is in urgent talks with Iran to keep oil and gas flowing through this critical passage.
00:10The U.S. and Israel war on Tehran has pushed the region into chaos.
00:14Ships have stopped.
00:15Energy markets are shaking.
00:17And a fifth of the world's oil is trapped.
00:20China is worried.
00:22Almost half of its crude oil comes through this strait.
00:24Beijing is pushing Iran to allow safe passage for Chinese and Qatari vessels.
00:28There is one small sign of hope.
00:31A ship named Iron Maiden passed through after switching its signal to China owner.
00:35But one ship is not enough.
00:37Hundreds more are stuck inside the strait.
00:40Oil prices are already up more than 15%.
00:42And Iran's missiles have reached as far as Cyprus, Azerbaijan, and Turkey.
00:47Global markets are on edge.
00:49China may be the only power able to reopen this vital route.
00:52If the talks succeed, the crisis may ease.
00:55If they fail, the world could face a far deeper economic shock.
00:59For more than 120 people comes in, there is an
01:00the only
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