Trump-Iran Talks: Ceasefire Nears End, Oil Prices Soar

0:00President Trump just announced American negotiators are heading to Pakistan on Monday for a second round of direct talks with Iran in Islamabad. He's firing off warnings on social media, accusing Iran of breaking the ceasefire by shooting at ships in the Strait of Hormuz on Saturday and threatening to wipe out their power plants and bridges if they don't take the US deal. Meanwhile, Iran slammed the Strait shut again, Sunday halting all shipping after reversing an earlier promise to reopen it. They claimed the US violated the ceasefire with its own blockade on Iranian ports and now their demanding fees for passage to cover security and environmental costs. This move has folks freaking out worldwide with two Indian ships reporting gunfire while trying to pass through an oil prices skyrocketing from the chaos. The wars in its eighth week since starting February 28th with US and Israeli strikes, killing thousands and hitting global energy hard since the Strait handles one-fifth of the world's oil.

1:03Both sides say the first talks last week made some progress with Trump calling them very good conversations and Iran's top guy noting of frameworks, emerging. But they're miles apart on key issues like Iran's nuclear program, US. Once a 20-year halt, Iran offers three to five and control of the Strait. As the fragile ceasefire nears its end, Wednesday preparations ramp up in Islamabad with extra security and everyone's watching if Trump extends it. Or, bomb-star-dropping again to force a long-term peace. From your city, powered by AI, this is Calgary News Today. I'm Cori with the story.