Iran Seizes Ships, Oil Prices Soar

0:00On April 23, Iran just dropped a propaganda video showing their revolutionary guard troops boarding and seizing two container ships in the Strait of. Hormuz, flexing hard to prove they run that vital waterway, 20% of the world's oil and gas flows through there. This all kicked off Wednesday as payback for the U.S. Navy stopping an Iranian cargo ship amid their ongoing blockade of Iranian ports, the Guard hit. Three vessels total. The Panama flagged MSC Francesca, Greek flag Epaminandas, and another Panama ship called Euphoria, claiming they broke rules by sailing without clearance. Folks are fired up. Oil prices jump Thursday with Brent Crude hitting around $103 a barrel and U.S. oil over $94. Peace. Talks between Washington and Tehran hit a wall? Trump's team extended a ceasefire but admitted no end date in sight, frustrating Republicans and everyday people. Greece's shipping ministry pushed back hard, denying their ship got boarded, and saying

1:01the crew's safe while the U.S. boasts their blockades choking. Iran's economy to the tune of $500 million a day in lost oil revenue, forcing ships to turn back. Iran's now demanding permission for any transit and slapping a $1 per barrel tax, leaving hundreds of vessels and crews stuck as tensions boil, with no quick fix on the horizon.