Iran seizes cargo ships in Strait of Hormuz

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Iran has seized two cargo ships and warned that reopening the Strait of Hormuz will be “impossible” if a US blockade continues. Sarah Rogers asks what that means for the US and hear from a business operating inside Iran. We also hear how businesses are expecting to benefit from a $100 billion EU loan to Ukraine. And Tesla reports higher than expected first-quarter profits. (Picture: Ships and boats in the Strait of Hormuz, Musandam, Oman, April 22, 2026. Credit: Reuters)