00:00The Trump administration is escalating economic pressure on Iran by sanctioning the country's newly created Persian Gulf Strait Authority.
00:08Treasury Secretary Scott Besant warned international shipping companies not to pay transit tolls demanded by Tehran in the Strait of
00:16Hormuz.
00:17The sanctions come as global energy markets remain on edge over disruptions to one of the world's most critical oil
00:23shipping routes.
00:24Oil prices and inflation fears have surged as tensions continue between the United States, Iran and regional allies.
00:32At the same time, reports suggest Washington and Tehran are discussing a temporary framework to keep the Strait open while
00:39broader nuclear negotiations continue.
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