CIA Locates the Colonel

The President's ultimatum- saying earlier that it's time for Iran to agree to a deal to open the Strait of Hormuz. Sending threats to bomb the nation's bridges and power plants if they are not willing to comply.

Plus the courageous efforts to find and rescue the missing pilot from the F-15 take down last week. ABC News Chief Global Affairs correspondent Martha Raddatz breaks down the daring and complex operation.

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