00:04Hello, and welcome to Global Pulse News.
00:08Oil prices have climbed back above $100 a barrel.
00:14Markets in Asia saw the surge on Monday after weekend talks between the United States and Iran ended without a
00:22new deal.
00:24President Donald Trump has announced he will blockade Iranian ports.
00:30Global benchmark Brent crude rose more than 8 percent to $102.
00:36West Texas Intermediate jumped 9 percent to $105.
00:42The failed negotiations have raised fears of a deepening global energy crisis.
00:49Last Wednesday, oil had plunged below $100 after Washington and Tehran agreed to a conditional two-week ceasefire.
01:00That deal included reopening the Strategic Strait of Hornuz.
01:04A fifth of the world's energy shipments pass through the Strait.
01:10It became a key flashpoint after Iran retaliated against U.S.-Israeli strikes by threatening to attack vessels.
01:20Shipments have largely been at a standstill since the conflict began on February 28,
01:27though some nations, including India and Malaysia, have secured safe passage.
01:34The disruption has sent energy prices soaring worldwide.
01:40Asian stock indexes fell in morning trading.
01:43Japan's Nikkei dropped 0.8 percent, and South Korea's Kospi fell 1.8 percent.
01:51Asian economies, heavily reliant on Middle Eastern oil, have been hit especially hard.
01:59U.S. futures also pointed to a lower open on Wall Street.
02:04Energy markets have seen sharp swings in recent weeks.
02:09Brent crude slid to around $90 a barrel on April 8, after the initial ceasefire agreement.
02:16But prices have been volatile since then, as doubts grew over whether the truce would hold,
02:24and as Israeli strikes on Lebanon continued.
02:28In a social media post on Sunday, President Trump said the U.S. will begin blockading,
02:34quote,
02:40U.S. Central Command later announced the blockade of traffic entering and exiting Iranian ports
02:48will start at 10 a.m. Eastern time on Monday.
02:53It will be enforced impartially against vessels of all nations,
02:58but CENTCOM added it will not impede ships heading to and from non-Iranian ports.
03:05Iran's parliamentary speaker, who led negotiations for Tehran,
03:10said the country will not submit to any threat.
03:14Iran's Revolutionary Guards naval forces have warned that any military vessel approaching the strait
03:21will be considered a violation of the ceasefire and dealt with severely.
03:26Iran's priority is based on the violation of the 쪽 of the disinfectant of Israel.
03:32Iran's Soleil
03:32A
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