Israel’s Lebanon Strikes Threaten Iran Peace Push

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• 00:00

  Lebanon emerges as the key sticking point for the ceasefire as Israel continues to hammer Beirut.

• 00:09

  Plus, we look at the economic fallout of the war with Iran with the full impact yet to come.

• 00:15

  We went into the home spring selling season with mortgage rates finally dipping down below 6%.

• 00:21

  People were very optimistic.

• 00:22

  And as soon as the war started, rates went back up.

• 00:25

  People have gotten skittish and gotten scared.

• 00:27

  And how the creators of AI are trying to avert a public backlash.

• 00:32

  It's Wednesday, April 9th.

• 00:34

  I'm Daniel Bach for The Wall Street Journal, filling in for Luke Vargas.

• 00:37

  And here's the AM edition of What's News, the top headlines and business stories moving your world today.

• 00:47

  Global markets are selling off and oil prices have shot back up as shipping traffic through the Strait of Hormuz remains

• 00:53

  choked off amid the tentative ceasefire with Iran.

• 00:57

  Tehran is limiting the number of ships crossing the Strait to around a dozen a day

• 01:01

  and has said it will start charging tolls.

• 01:04

  But world leaders are pushing back.

• 01:06

  Here's UK Foreign Minister Yvette Cooper speaking to the BBC's Radio 4 Today program.

• 01:12

  There may be territorial waters there, but there is also an international shipping route

• 01:17

  and an international transit route, which means that freedom of navigation principles apply and that countries can not simply

• 01:24

  hijack those kinds of international transit routes and unilaterally apply tolls.

• 01:30

  They cannot do that as part of the laws of the sea and the United Nations arrangements that are in place.

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