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.

Washington — President Trump said on Sunday that the U.S. Navy will begin blockading ships from entering or exiting the Strait of Hormuz and intercept vessels that have paid tolls to Iran, after marathon talks in Pakistan failed to yield an agreement to ...

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.

Yields on Japanese bonds also jumped after Reuters reported the government there was likely to issue fresh debt as part of funding for a planned extra budget to help cushion the e