With the two sides locked in a standoff, oil prices have continued to soar.

Oil prices climb as U.S.-Iran talks stall and the Strait of Hormuz remains blocked, raising risks of tighter supply, falling inventories and further price spikes.

With the two sides locked in a standoff, oil prices have continued to soar.

Oil markets spooked as Donald Trump appears willing to maintain the US Navy blockade and Iran keeps strait of Hormuz all but shut

US President Trump meets with oil firms over ways to minimise impact on fuel supplies amid US blockade of Iranian ports.

In the absence of a permanent deal, the war between the US and Iran is becoming one of attrition despite huge costs.