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.

A ship was taken by unknown parties toward Iranian waters after an Indian-flagged vessel was attacked off Oman.

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

"Project Freedom", which began on Monday, will be halted because progress has been made toward a deal with Iran, the US president says.

President Donald Trump said his representatives are having “positive discussions” with Iran as the two countries trade peace proposals. Meanwhile, the average cost of gas in the US rose to $4.45 a gallon.

Iran said Saturday that it has reimposed the closure of the Strait of Hormuz less than a day after reopening it to shipping traffic, but President Donald Trump warned that Tehran

Three vessels came under fire in the Strait of Hormuz, after the U.S. and Iran failed to meet in Pakistan for talks to end the war and as President Trump extended the ceasefire but kept the blockade.

Iran-US war latest: Tehran vows ‘no place for retreat’ over Strait of Hormuz despite Vance claiming progress - Iran plans to double its income through the vital shipping route as global oil and gas su