US and Iran Stuck in Standoff as Oil Prices Soar to Wartime High

The US and Iran showed little sign of breaking their impasse and agreeing to another round of peace talks, with President Donald Trump insisting that his navy’s blockade is working.

Trump told Axios the blockade of Iran’s ports is “somewhat more effective than the bombing” and “choking” the country by restricting its oil exports.

At the same time, US military commanders are set to brief Trump on new plans for Iran, Axios reported, citing unnamed sources. Centcom, which oversees US forces in the Middle East, has prepared a plan for a short wave of strikes on Iran to ...