US and Iran Block Waterways as Middle East Peace Talks Stall
Key Points: The United States and Iran are using opposing naval blockades to gain leverage after peace talks stalled. President Donald Trump extended the current ceasefire indefinitely while waiting for a new peace proposal from Iran. Iran continues to keep the Strait of Hormuz closed to international traffic, causing global oil prices to top $101 a barrel. The US military maintains a strict naval blockade...