00:00The U.S.-Iran ceasefire is still technically in place,
00:03extended until nuclear talks are resolved.
00:06But its central promise, restoring commercial shipping through the Strait of Hormuz,
00:10has not been delivered.
00:12Three months after the April 8th deal,
00:14shipping companies are still refusing to enter the strait.
00:17The reason is straightforward.
00:20The dual blockade hasn't lifted.
00:22Iran continues restricting passage for vessels it hasn't approved.
00:26The U.S. maintains its counter-blockade of Iranian ports.
00:30Safety cannot be guaranteed for commercial crews in between.
00:33The result is that the 25% of the world's oil trade
00:37and 20% of global LNG that normally moves through the strait
00:41is still finding alternative routes, at higher cost.
00:45France and the U.K. have proposed a protective escort mission,
00:49but only once a sustainable ceasefire is confirmed.
00:52That confirmation hasn't arrived.
00:54The energy cost is being paid by consumers around the world,
00:58including Americans at the pump.
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