<p>Donald Trump’s ceasefire with Iran appears to be holding - or is it? Iran has reportedly seized two ships in the Strait of Hormuz as America attacks tankers and boats linked to Tehran - and then there doesn’t appear to be any hint of any imminent peace talks </p><p>In this episode of The Fourcast Indicators, Krishnan Guru-Murthy and defence analyst Mark Urban discuss whether the Iran war has reached a stalemate and ask, with China watching, has this all fatally undermined US power on the world stage?</p><p>They were also joined by economist Ann Pettifor who says a “global slump” is now inevitable - so how bad will it be?</p>