President Donald Trump said the US Navy will start preventing ships from passing through the Strait of Hormuz, after US-Iran peace talks ended without agreement.

The Strait of Hormuz has been a flashpoint since the US-Iran war started more than two months ago after the US struck several key Iranian sites and Iran retaliated

As the U.S. blockade on Iranian ports drags on, thousands of seafarers are stranded on ships, and economic shockwaves ripple around the world.

Iran has offered to end its chokehold on the Strait of Hormuz in exchange for the U.S. lifting its blockade on the country and an end to the war.

Iran claims it has deployed small submarines as an "invisible guardian" of the Strait of Hormuz, but analyst says the vessels pose limited strategic threat.

US Iran news LIVE updates: Trump is pushing for a peace deal with Tehran amid zero concessions by Washington. Drones hit a UAE nuclear plant generator. Israel bombed 100 sites in Lebanon despite ceasefire extension.

Iran's near-complete closure of the vital trade artery ‌since the joint Israeli-U.S. airstrikes on the country on February 28 has sent shockwaves through global energy markets