00:00Today is the deadline.
00:02And President Trump says it is highly unlikely to be extended.
00:05The ceasefire between the United States and Iran,
00:08which has barely held since early April, expires tonight.
00:12Trump has told reporters that without a deal before Wednesday evening,
00:16Washington time, all bets are off.
00:19Three U.S. aircraft carriers are currently operating in the Middle East,
00:23the most powerful naval force America has deployed to the region
00:27since the 2003 Iraq War.
00:30The Strait of Hormuz, through which 20% of the world's oil flows,
00:34has been effectively closed for weeks.
00:37No tankers are crossing.
00:39Shipping has been rerouted around Africa.
00:41Oil is at $96 a barrel.
00:44Iran submitted a new proposal through Pakistani mediators,
00:48asking for the ceasefire to be extended
00:50and nuclear talks to wait until the U.S. lifts its blockade.
00:54Trump's response was to suspend discussions entirely.
00:57Trump has warned he would destroy any vessel laying mines in the Strait.
01:02He has pledged that U.S. forces could neutralize any rebuilt Iranian military capacity.
01:07Quote,
01:09Quickly.
01:09The IEA is calling this the largest energy supply shock on record.
01:14The question tonight is whether a deal gets done,
01:17or whether the Middle East slides back toward open war.
01:20We're just going to talk about it.
01:20The End.
01:20IEA.
01:20IEA.
01:20IEA.
01:21IEA.
01:21IEA.
01:21IEA.
01:21IEA.
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