Iran war: What’s happening on day 62 as Trump asks Iran to ‘give up’?

Iran's Parliament Speaker dismisses the US blockade's impact on oil, saying it has not affected oil wells and only driven up global prices. Iran's storage has not reached capacity, and the US claims cutting off exports will eventually push storage to capacity, forcing output to stop. Tensions in the Strait of Hormuz are affecting global markets, sending oil prices above $120 a barrel and driving US petrol prices to a four-year high.