Iran balked at President Trump's demands for a peace deal amid a standoff over the Strait of Hormuz, as fear the war could reignite hits oil and energy markets.

With peace talks between the U.S. and Iran at an impasse, the clash for control of the crucial Strait of Hormuz intensified last week as Iran seized at least two cargo ships in the trade corridor in retaliation for a U.S. naval blockade of its ports.

President Donald Trump said Chinese President Xi Jinping told him "I would like to be of help" when it comes to bringing an end to the war with Iran. Trump also said Xi wants the Strait of Hormuz reopened as China continues relying heavily on oil shipments moving through the region.

India condemned the attack on Fujairah that resulted in injury of three Indians and called for peaceful resolution of the war.

Earlier, Secretary of State Marco Rubio said in an interview that China should take a more active role in resolving a standoff over the strait. By Anton Troianovski Reporting from Beijing President Trump wants China to do more to persuade Iran to reopen ...

Kuwait accused Iran of launching a failed attack earlier this month on an island where China is helping build a port in the Middle East nation.

Russia's Putin will travel to Beijing next week to meet China's Xi. The announcement came one day after President Trump returned from his own summit with the Chinese leader.