Trump's Iran Strategy: Ceasefire Expires, Talks Stall

0:00President Trump is standing firm on his Iran strategy, blasting critics as traders after the U.S. Navy seized an Iranian cargo ship near the strait of. Hormuz. This marched the first interception since the blockade of Iranian ports kicked off last week, and Iran's military promises a response. The ceasefire expires at midnight, Greenwich Mean Time on Wednesday, which is 8 p.m. Eastern time. Eastern time, Tuesday, and Trump says renewal is highly. Unlikely without a deal. Talks for a second round in Pakistan fell apart with no commitment from Iran, even though Trump said Vice President JD Vance, Jared Kushner, and Onvoy. Steve Wickoff were heading there. Turns out Vance's motorcade showed up at the White House instead. Meanwhile, the U.S. military has turned back 27 ships to Iranian ports to enforce the blockade on this key choke point for 20 percent of. Global oil. Trump's markets felt the heat as Brent Crude jumped 5.6 percent to $95.48 per barrel

1:01on fears of more. Disruptions. U.S. stockstip slightly, with the S&P 500 down 0.2 percent from its record high. Iraq and Syria reopened their border crossing after over a decade, pitching it as an oil alternative route amid the chaos. Trump swung between optimism for a quick deal and warnings of more bombs if talks fail. Iran's Foreign Minister called U.S. moves anti-diplomatic and said they'll watch and protect their interests. Experts split on whether the ship seizure broke the ceasefire since it only covered bombings, not the blockade. Casualties in Iran topped 3,000-3,000-5 after nearly two months. Israel and Lebanon gear up for direct talks in Washington on Thursday to extend their 10-day truce, as other fronts like Gaza's 71 point. More billion dollar rebuild, over 10 years, loom large. With oil tankers anchored in tensions boiling, the world watches if diplomacy drops anchor before the fireworks resume.

2:02I'm Corey with the story. That's your Canada News today, update AI-powered and always on.