Ship traffic in the Strait of Hormuz slowed significantly after two vessels were attacked. The United States stated it can maintain a naval blockade of Iran indefinitely. Iran has resumed attacks on ships it accuses of unauthorized transit. The US plans further economic measures against Iran in the coming week. Global economists warn of a sharp drop in global growth if the war continues.

The United States on Thursday threatened to maintain a naval blockade of Iran indefinitely, ratcheting up economic pressure on Tehran as ceasefire talks have floundered, global…

US President Donald Trump is holding firm on Iran, claiming "total control" over the Strait of Hormuz and vowing to use economic pressure.