00:00Pakistan's foreign minister meets with the U.S. Charged Affairs, hoping for a breakthrough.
00:05Pakistan is trying to mediate an end to a war between a U.S.-Israeli alliance and Iran,
00:10which otherwise looks set to enter its third month.
00:13And the foreign minister suggests both sides extend a ceasefire.
00:17The Trump administration, it turns out, is on board with that idea.
00:21Trump may have announced the pause in fighting will keep up until Tehran puts out a proposal
00:25and Washington meets again to ink a deal.
00:27But the conflict isn't completely frozen.
00:30U.S. Navy ships are still blocking Iranian ports
00:33and even chasing down vessels giving Iran support far away from the waters of the Persian Gulf.
00:39U.S. forces board one sanctioned tanker in the Indian Ocean.
00:42The Pentagon said Tuesday it carried out the operation overnight.
00:47Iran says the U.S.'s actions are unacceptable.
00:52First of all, aggression towards maritime shipping and trading is a dangerous violation,
00:57because if this becomes common, basically maritime freedom will be in danger.
01:01Both things America has done are examples of piracy and state terrorism.
01:06Iran's foreign minister went much further, calling the blockade an act of war and a ceasefire violation.
01:11And though the violence is paused, the whole world still feels this war's impact,
01:16especially with the critical oil and gas conduit to Iran's south, the Strait of Hormuz, largely shut.
01:24That's driven prices up along another critical waterway half the world away, the Panama Canal.
01:30One vessel carrying gas paid four million U.S. dollars to skip the line.
01:34So urgent is the need for energy.
01:39Uncertainty over U.S. Vice President J.D. Vance attending further peace talks helped drive down U.S. stocks on
01:44Tuesday.
01:45I saw news recently that perhaps J.D. Vance is not going to Islamabad to negotiate.
01:51So you've had markets trying to figure out, should they worry about the war?
01:54Should they move on beyond conflict in the Middle East?
01:58And countries not involved in the conflict are bracing for fuel shortages.
02:03EU countries, for instance, are preparing for a tough summer ahead, regardless of the war,
02:07as it will take time to get back to normal even once the Strait of Hormuz reopens.
02:12This goes on for many months or even years.
02:15We're looking at a totally new world order and probably very, very severe economic consequences
02:20that goes far beyond only the energy sector.
02:23The missiles and bombs may have stopped for now, but it will take more talks and more time
02:28to see how the Middle East crisis ends.
02:31Ryan Wu and John Van Trieste for Taiwan Plus.
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