00:01Tensions escalated over the weekend after the U.S. Navy attacked and seized an Iranian flag cargo ship near the
00:07Strait of Hormuz as part of the American military blockade.
00:11Iran's military has vowed to retaliate.
00:13Oil markets reacted quickly, with rent crude rising around 5% to above $95 a barrel, reversing much of Friday's
00:21decline, following indications that the Strait could reopen.
00:24U.S. Vice President J.D. Vance was set to lead the U.S. delegation to Pakistan for a new
00:30round of talks this week, but the Iran's participation is now unclear.
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