Iran seized two container ships on Wednesday in the Strait of Hormuz for maritime violations. The vessels came under fire just hours after U.S. President Donald Trump announced he was extending the ceasefire to give Tehran more time to present for a unified proposal.

Iran says it will not participate in talks in Islamabad until the United States lifts its naval blockade on ships entering and leaving Iranian ports. #Heat #Iran #ceasefire #Trump #War #MiddleEast #Hormuz

Guests:

Jeffrey Sachs is a renowned Economist and the Director of the Center for Sustainable Development at Columbia University.
Arvind Panagariya is a Professor of Economics and a Professor of Indian Political Economy at Columbia University.