Iran tanker seizure called 'act of state piracy'

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Britain's foreign secretary, Jeremy Hunt, has condemned Iran's capturing of a British-flagged cargo ship in the Gulf. He also said he had agreement from France and Germany to set up a European maritime protection mission to ensure safe passage for shipping. The BBC's Susannah Streeter talks to Professor Peter Morici, from the University of Maryland and Lahore-based journalist Mehmal Sarfraz, who writes for The Hindu, about what this means for global stability and oil prices. Meanwhile, in China, the country unveiled its answer to America's Nasdaq Exchange. The Star Index saw some stocks more than double on its first day. We talk to Art Karoonyavanich from DBS Asia Capital. (Picture credit: Dikuch/ Getty Images)