Blockade of Strait of Hormuz successful says US

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Iran's top negotiatior, Mohammad Bagher Ghlaibaf, says reopening the Strait of Hormuz is "not possible" while American maintains a naval blockade. Donald Trump has said he will extend a ceasefire until peace talks are concluded but Iran has continued to attack ships in the strait. We look at what effect this is all having on the global economy with the United Nations Development Programme. We report on the economic problems the war in Iran is causing China. And we take a closer look at Iraq's position in this war. It enjoys close ties to both the United States and Iran and is now coming under increasing pressure from the US to choose a side. Presenters: James Copnall and Catherine Byaruhanga. (Photo: A screen capture from a video said to show the seizure of the container ships MSC Francesca and Epaminondas in the Strait of Hormuz, broadcasted on Iranian State TV. Credit: IRIB/Via Reuters).