Oil prices have been elevated since Monday afternoon, after it became clear the United States and Iran had not negotiated a lasting peace deal. The memorandum of understanding signed by the two countries had called for a deal to be in place by now.

Tensions over the Strait of Hormuz mounted after Trump threatened to attack Oman if it interfered with efforts, as a 60-day deadline for the US and Iran to reach a deal expired. Follow for live news updates.

WASHINGTON — President Trump confirmed the US isn’t expanding the window for peace talks with Tehran on Monday as the US-Iran memorandum of understanding’s 60-day deadline for negogiations expired. “Well,

By Phil Stewart PANAMA CITY, Aug 13 (Reuters) - The U.S. military has enough assets to maintain a naval blockade of Iran indefinitely, Defense Secretary Pete Hegseth said on Thursday, adding ships could be rotated in and out of the region as needed.

The Strait of Hormuz is at the centre of an increasingly tense confrontation between Iran and the United States, with both sides offering sharply dif

Trump says the U.S. naval blockade is being called “a wall of steel," and Iran can't do anything about it.

President Trump on Monday threatened to strike Oman, a longtime U.S. ally, which shares the Strait of Hormuz and has been negotiating control of the waterway with the Iranian regime. Mr. Trump also suggested claiming the strait as a U.