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Trump said the peace negotiations with Iran went well, but Iran would not agree to end its nuclear program.

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The president said the U.S. was ready to "finish up" Iran at the “appropriate moment."

The president said the U.S. was ready to "finish up" Iran at the “appropriate moment," stressing that Tehran's nuclear ambitions were at the core of the failure to end the war.

President Donald Trump said the U.S. Navy will block the Strait of Hormuz to cut off Iran's shipping lanes after peace talks failed to produce a deal.

Iran warns move would breach ceasefire as US president also repeats threats to strike critical infrastructure

The failed peace talks left investors on edge with little visibility on how the blockade will be implemented, and how long and deep an oil shock needs to be priced in.

Donald Trump has said the US will begin blockading the strait of Hormuz in an attempt to take control of the strategic waterway. Key US politics stories from Sunday 12 April at a…

Centcom says blockade of Iranian ports to begin at 10am ET; Iran’s negotiator says ‘we will not bow to threats’; oil prices rise. Follow the latest news

U.S. President Donald Trump announced the blockade after weekend peace talks in Islamabad between the U.S. and Iran failed to reach a deal.