Iran’s grip on the Strait of Hormuz has jolted the world economy, causing a spike in fuel prices that has rippled through other sectors with effects far beyond the Middle East. It has also left tens of thousands of mariners and hundreds of ships stranded in the Persian Gulf.

Iran says the Strait of Hormuz is fully open to commercial vessels. But President Donald Trump says the American blockade on Iranian ships and ports will stay in force until Tehran reaches a deal with the U.

DUBAI/WASHINGTON, April 17 (Reuters) - Iran temporarily reopened the Strait of Hormuz on Friday following a ceasefire agreement in Lebanon, raising optimism about peace talks, but Tehran warned that it could close the crucial waterway again if the recent U ...

China’s top diplomat also warned against the restarting of hostilities as he met with Iran’s foreign minister. The U.S. has urged China to pressure Iran to reopen the waterway.

A fragile calm has settled around the Strait of Hormuz. The United States is awaiting Iran's response to proposals aimed at ending recent clashes and initiating peace talks. Sporadic skirmishes occurred Friday,

President Donald Trump has changed his approach as he tries to end the war against Iran: reopen the Strait of Hormuz at all costs and leave thorny negotiations on Tehran’s nuclear and ballistic missile programs until later.

US-Iran war LIVE updates: Iran has still given no indication whether it will accept President Donald Trump’s plan, sent on Wednesday, which proposes that the Islamic Republic reopen the strait and the US end a blockade on Iranian ports over the next month,