00:00The U.S. just threatened to take control over one of the world's most critical energy choke points.
00:05After 21 hours of peace talks with Iran in Islamabad, Vice President J.D. Vance left without a deal.
00:11They have chosen not to accept our terms.
00:14Within hours, President Donald Trump announced a full naval blockade of the Strait of Hormuz,
00:19through which a fifth of the world's oil and liquefied natural gas transits.
00:23Later, he clarified the blockade would only involve ships entering or exiting Iranian ports.
00:28The failed talks left the ceasefire that was clinched last week in limbo.
00:32Posting on True Social, Trump said the talks collapsed due to differences over Iran's nuclear ambitions.
00:38Iran now says any military vessels attempting to approach the Strait will be considered a violation of the ceasefire.
00:45Trump's planned blockade would effectively sever Iran's primary means of exporting oil
00:50and likely exacerbate global oil and fuel shortages.
00:53It's seen as a potentially less risky alternative to a military operation to seize Karg Island, Iran's critical oil export
01:01hub.
01:01Markets reacted instantly.
01:03Global benchmark crude jumped back to around $104 a barrel, and gas futures are much higher in Europe.
01:09The Plagueago of the Strait of Hormuzzi
01:09andileen River
01:09Abdullah and Luxman
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