World Business Report - Iran seizes cargo ships in Strait of Hormuz

Download Iran seizes cargo ships in Strait of Hormuz

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)

Published on Wednesday, 22nd April 2026.

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