AP NewsWatch

0:00I'm Ed Donahue with an AP News Minute. President Trump appears unlikely to accept the latest offer from Iran. It would end the Iranian control over the strait of Hormuz. If the U.S. lifts its blockade and ends the war, any discussions on Iran's nuclear program would be delayed. Secretary of State Marco Rubio spoke to Fox News. The straits is basically the equivalent of an economic nuclear weapon that they're trying to use against the world. And they're bragging about it. They're putting up billboards in Tehran bragging about how they can hold 25 percent or 20 percent of the world's energy hostage. Imagine if those same people had access to a nuclear weapon, they would hold the whole region hostage. The blockade prevents Iran from selling oil, affecting global prices and economies. The president extended a ceasefire with Iran, but a permanent settlement remains elusive. Meanwhile, the United Arab Emirates announced it will leave OPEC effective on Friday. Analysts say this could lead to more volatility in the global oil market. More information at APNews.com. I'm Ed Donahue. Support comes from wise. The smart way to move the currencies you need around the globe.

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