The U.S. Navy has formally activated a blockade of Iran's ports, physically turning back ships as American and Iranian negotiators scramble to reach a deal. Iran's $5 billion monthly oil revenue is now under direct threat, with the IEA warning of global demand destruction as economies begin to contract. The UN's FAO is sounding the alarm on a potential worldwide food catastrophe if the Strait of Hormuz remains choked. Today's briefing covers what happened, what it means, and what people are actually saying — in 20 minutes. Listen now. You'll be on the frontlines of monitoring the situation.