Strait of Hormuz Shut Down: Global Trade on Edge

0:00On April 20th, shipping through the strait of Hormuz is basically frozen solid, with just three vessels crossing in 12 hours on Monday, April 20th. That's a huge drop for this vital choke point that handles the fifth of the world's oil. One was the oil products tanker, Nero, hit with British sanctions over Russian oil ops heading out of the Gulf. The other two, a chemical tanker and the LPG tanker Axon Witch faces US sanctions for Iran trade, were heading in. Tensions spiked as a US Iran ceasefire hangs by a thread. The US grabbed an Iranian cargo ship trying to bust its blockade, and Tehan fired back with retaliation threats, skipping fresh peace talks for. Now ship brokers at Clarkson's called out the pattern of false starts in recent weeks, saying some deal might come eventually, but no one knows when. This standoff keeps global trade on edge, watching every move in these waters. That's the story for today, global news today, driven by AI, I'm Corey with the story.