00:00Did the world just come close to a major oil crisis?
00:03U.S. President Donald Trump has issued a dramatic warning to Iran.
00:07He says if Iran does not reopen the Strait of Hormuz, there will be hell to pay.
00:12Why is this strait so important?
00:14Nearly 20% of the world's oil passes through this narrow waterway.
00:18Iran effectively shut it down after weeks of airstrikes by the U.S. and Israel.
00:23Since then, missiles have hit cities like Tel Aviv and Haifa,
00:27while explosions rocked Tehran.
00:30Thousands have already been killed across the region as the conflict intensifies.
00:34Meanwhile, a dramatic U.S. commando mission secretly entered Iran.
00:39Special forces rescued a downed American airman deep inside Iranian territory.
00:44But despite the threats and strikes, diplomacy might still be alive.
00:48Reports say mediators are discussing a 45-day ceasefire deal.
00:53If it succeeds, it could end the war.
00:55If it fails, the conflict could shake global energy markets,
00:59and the entire Middle East.
01:00Next.
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