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How geography powers Iran's grip on the Strait of Hormuz, despite U.S. blockade The Washington PostU.S. Oil Blockade Is Set to Boost American Exports—and Prices at the Pump WSJMore U.S.-Iran peace deal talks are in discussion, White House says CNBCFresh Iran talks could begin this week as US continues blockade on ports Fox News
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Investors saw a possible path to peace, with the United States and Iran trading proposals for Iran to suspend nuclear activity.
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Oil prices surged as markets reopened following news that U.S. peace talks with Iran had ended without a deal.
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