00:00oil prices spiked sharply thur Trump warned of further military strikes
00:05against Iran within weeks, dashing hopes for a quick end to the conflict
00:09that has effectively shut down tanker traffic through the Strait of Hormuz.
00:13Brent crude jumped over 6% to around $107 a barrel and WTI surged 10% to $110.
00:21Though prices pulled back slightly after Iran signaled it was working with Oman
00:26on a framework to resume monitored transit through the Strait.
00:30Markets remain on edge as both sides continue to contradict each other
00:34on the status of peace talks, leaving investors bracing for prolonged uncertainty
00:38and one of the world's most critical energy choke points.
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