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Today in Focus

Iran war energy crisis: how bad could it get? – The Latest

Today in Focus

The Guardian

News, Daily News

4.65.9K Ratings

🗓️ 20 April 2026

⏱️ 10 minutes

🧾️ Download transcript

Summary

Oil and gas prices have jumped again as shipping through the strait of Hormuz came to a virtual standstill after Iran closed the waterway over the US blockade and Donald Trump announced an Iranian cargo ship had been seized trying to get past. Tehran has accused Washington of violating the fragile ceasefire agreement. With uncertainty over a second round of peace talks, fears continue to grow about the scale of the energy shock caused by the war. Lucy Hough speaks to the Guardian’s energy correspondent Jillian Ambrose. Help support our independent journalism at theguardian.com/infocus

Transcript

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0:00.0

This is The Guardian.

0:10.7

There will be different players with different sensitivities to this crisis.

0:14.7

It makes it a lot more complicated to negotiate.

0:17.6

The U.S. blockade on Iran's cargoes.

0:20.5

That will be a major blow to Tehran. Tonight, President Trump announcing the U.S. blockade on Iran's cargoes. That will be a major blow to Tehran.

0:22.7

Tonight, President Trump announcing the U.S. seized and boarded an Iranian cargo ship today.

0:28.0

Posting on social media, the 900-foot Tuska tried to evade the U.S. blockade.

0:33.1

The U.K. is more exposed than a lot of our neighbors. And it's ideally a lesson that would have been

0:38.2

learned after the Russia-Ukraine crisis. But here we are on 2026 and we are debating the same things.

0:44.7

Oil and gas prices have surged yet again after a re-escalation of hostilities in the Strait of

0:50.5

Hamoos and more uncertainty over the future of the US-Iran ceasefire.

0:56.2

From The Guardians today in Focus, this is the latest with me, Lucy Hoth.

1:01.2

With me is Gillian Ambrose, our energy correspondent.

1:03.8

Thanks so much for coming up to the studio, Gillian.

1:05.7

It's great to have you on the show.

1:06.9

It's pleasure.

1:07.3

So we are talking a day after this pretty extraordinary US attack and seizure of an Iranian

1:15.4

flagship in the Strait of Pammuz as a result of this blockade that the US has imposed.

1:20.9

There's been this footage that's sort of reminiscent of the attacks on Venezuela ships at the start of the year.

1:27.1

Trump proudly saying that US Marines were able to board

1:30.1

and that they were able to blow open the side of the ship.

1:33.0

But unfortunately, it's meant that we've arrived at work on Monday

...

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