US President Trump has extended his initial 48-hour ultimatum to Iran to unblock the Strait of Hormuz to five days. The president said Iran has "one more chance at peace", following what he called “good and productive conversations”.
But, while Sir Keir Starmer said he was aware the talks had taken place, Iran has denied speaking to the US and has called Trump’s claims of talks "fake news".
To help us make sense of the head-spinning pace of the US-Israel war with Iran, James and Chris are joined by economics editor Faisal Islam and chief presenter Caitriona Perry in Washington.
00:00 – Trump’s Iran Ultimatum
00:47 – UK Reaction
02:38 – Trump Pauses Strikes
06:16 – How Markets have Reacted
09:04 – Why Has Trump Postponed?
10:37 – UK Emergency Planning
11:41 – US Pressure from Rising Fuel Prices
13:15 – Israel Signals Continued Strikes
17:40 – Impact on UK Households
21:19 – Political & Economic Pressure
23:56 – Public Opinion on the war
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