The world’s worst oil supply disruption in history will take months and potentially years to recover from.
Iran has executed at least 21 people and arrested more than 4 000 since the Middle East war began.
The White House said on Monday it was examining Iran’s latest proposal to unblock the Strait of Hormuz.
King Charles III’s state visit aims to mend US-UK relations, featuring a ceremonial welcome and a historical address to Congress.
Oil prices rose over 2% following Trump’s cancellation of US-Iran peace talks, amid stalled negotiations and tensions.
The United States has deployed a third aircraft carrier battle group to the Middle East as the crisis with Iran continues to disrupt energy markets.
The ceasefire between Israel and Lebanon will be extended for three weeks, US President Donald Trump announced.
Tensions in the Middle East intensified as Iran seized two vessels in the Strait of Hormuz and the US blocked nearly $500 million in cash destined for Iraq.
A vessel in the Strait of Hormuz. The US has maintained its blockade of Iranian ports and the strategic waterway despite extending the ceasefire.
Iran insisted it has no plan to attend a new round of negotiations with the United States on Monday.