Keep pulling the thread on United States.
An exchange of fire occurred between the U.S. and Iran in the Strait of Hormuz, though both sides maintain it did not violate the existing ceasefire.
The United States submitted a one-page memorandum of understanding to Iran for a potential peace process.
Iran announced it is seizing additional oil tankers in the Strait of Hormuz.
J.P. Morgan analysts predict that U.S. gasoline prices could rise to $5 a gallon.
Bloomberg News and The Wall Street Journal report that President Trump is planning to fire FDA Commissioner Marty McCary.
The University of Michigan Consumer Sentiment Index fell to 48.2, its lowest point in the survey's 74-year history.
The proposed U.S. memorandum of understanding reportedly requires Iran to have zero uranium enrichment and shut down its nuclear facilities.
A new CIA analysis reported by The Washington Post indicates Iran can withstand the U.S. naval blockade for another three to four months before facing severe economic pain.
The new Supreme Leader of Iran has stated that the country will not negotiate over its nuclear program or ballistic missiles.
Since February 28, over 5,400 missile and drone attacks have occurred in the conflict between the U.S. and Iran.
Iran's asymmetric military capability, which allows it to threaten 20% of the world's oil supply via the Strait of Hormuz, gives it significant leverage despite having weak conventional forces.
Brent crude oil prices are trading just above $100 per barrel, showing only modest upward pressure despite recent military activity in the Strait of Hormuz.