Iran Conflict Escalates, Strait of Hormuz Remains Largely Shut Amid Stalled Peace Talks

The conflict involving Iran, the U.S., and Israel has escalated, leading to the continued closure of the Strait of Hormuz, a critical global shipping corridor. This blockade has caused oil prices to surge and is impacting the global economy. President Trump has reportedly instructed aides to prepare for an extended blockade as negotiations remain stalled, with regional mediators skeptical of Iran's latest proposals.