Oil Prices Spike Amid U.S.-Iran Standoff

0:00It's April 27. Welcome in. This is Canada News Today, where local news meets AI. I'm Cory with the story. Oil prices spike today amid the ongoing US Iran standoff in the Shred of Hormuz, even with the ceasefire in place. Pakistan's leaders are pushing hard to restart stall talks between the two sides, while tensions keep shipping routes choked. Iran's Foreign Minister Abbas Arakchi landed in Russia for a key meeting with President Vladimir Putin. This caps off his regional tour, with stops in Pakistan twice, and Oman, the neighbor sharing that vital straight. The human toll is brutal, over 3,375 killed in Iran, 2,509 in Lebanon from renewed. Israel, Hezbollah, clashes, 23 in Israel, plus deaths in Gulf states. That's 15 Israeli soldiers in Lebanon, 13 US troops in the area, and 6 United Nations peacekeepers down too. President Trump just scrapped plans for top US envoys the head to Islamabad, after Iran

1:02demanded an end to the port blockade first. Central command reports they've turned back 38 ships so far. Pakistan's mediators are grinding to close the gaps, but with Arakchi now in St. Petersburg, the past to real talk stays foggy as oil markets stay. On edge.