Listen to Australian and world news and follow trending topics with SBS News Podcasts.TRANSCRIPT A tenth day of attacks between the United States and Iran has dimmed hopes for diplomatic efforts to recover an interim ceasefire deal as the pair battle for control of the Strait of Hormuz.With the Strait of Hormuz blocked, Saudi Arabia has been reliant on a pipeline to the Red Sea to get millions of barrels of oil to market.However, Iran-aligned Houthi rebels are now threatening the global oil supply, opening up a new front against Saudi Arabia by announcing a naval blockade in the Red Sea.US President Donald Trump says he will deal with the rebel group if that threat is followed through."So far it hasn't happened It might happen, but we take care of things