The US and Iran remain locked in a struggle for control of Hormuz, with Washington now saying the ceasefire will stay in place until Tehran submits a new peace proposal. Also on the show: stocks and bonds fall as the stalled US-Iran talks, and the Strait's continued closure, push oil prices higher; Tesla flagging billions of dollars in additional spending this year to support Elon Musk's ambitions; Lebanon and Israel set to hold another round of US-mediated talks in Washington. Guests include: