00:00The US and Iran remain locked in a standoff over the Strait of Hormuz,
00:04even as a month-long ceasefire appears to be holding.
00:08Analyst Jessica Ganauer says tensions around the waterway means
00:12shipping is unlikely to return to normal anytime soon,
00:16and that will have serious consequences for the global economy.
00:21I think what's likely to happen is that we will see talks continuing to happen
00:26because both sides want the ceasefire to stay in place.
00:30And the ceasefire can't really stay in place if there aren't at least some kind of talks,
00:34however sporadic, between the two sides to try to get a resolution
00:38on these key thorny issues like the nuclear one.
00:42But I don't think we're actually going to see any kind of clear agreement.
00:45So I think that Trump, you know, he wants to declare a victory,
00:48but I think in the meantime he's going to have to settle for saying that
00:52they're having really amazing talks that are probably going to be really successful.
00:56This is in Trump's words.
00:58She added that Trump's position was further complicated
01:01by his need to outdo his predecessor, President Barack Obama's administration.
01:06A delicate diplomatic balancing act was on display on Wednesday,
01:11as Iranian Foreign Minister Abbas Arachi met with Chinese Foreign Minister Wang Yi in Beijing,
01:16a visit that comes one week before Trump is due to travel to China
01:20for a summit with President Xi Jinping on May 14 and 15.
01:23Genaro said Beijing had been careful to avoid taking sides publicly,
01:28offering quiet support to Tehran while stopping well short of open confrontation with Washington.
01:35In many ways, Chinese President Xi Jinping is probably quite successfully navigating this line of
01:43not coming out in full support, so not really drawing the spotlight onto China,
01:48China, but behind the scenes making clear the position that China has,
01:52and also relying on the fact that China will ultimately come out of this probably looking
01:58better than the US on the international stage, just because they are looking increasingly stable
02:06and, you know, a sort of a cautious actor globally.
02:11China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China,
02:11China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China,
02:12China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China,
02:12China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China,
02:12China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China, China,
02:12China, China, China, China, China, China, China, China, China, China, China
Comments