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The continued closure of the Strait of Hormuz poses a significant risk to the global economy, with Asian economies being particularly vulnerable.
President Donald Trump announced he is extending the ceasefire with Iran until negotiations conclude.
Iran informed its mediator, Pakistan, that it would not attend scheduled diplomatic talks with the United States.
President Donald Trump has stated the U.S. will maintain its blockade against Iran while the ceasefire continues.
Iran's official position is that it will not participate in talks as long as the U.S. blockade remains in place.
President Donald Trump's administration withdrew the U.S. from the Iran nuclear deal.
Iran's foreign minister stated that the U.S. blockade of the Strait of Hormuz is a violation of the ceasefire agreement.
Iran's foreign minister has declared the U.S. blockade an act of war.
The United States recently disabled and seized an Iranian cargo ship.
China's President Xi Jinping told the Saudi crown prince that he believed the Strait of Hormuz should be open.
James F. Jeffrey predicts that President Trump will resume military operations if Iran fails to present a significant negotiating offer.
The current conflict was escalated by an attack on Israel by Hamas, which is an Iranian proxy.