US President Donald Trump has announced that the US will begin guiding ships through the Strait of Hormuz, which remains largely blocked by Iran, starting Monday.
Oil prices went up further on Wednesday, extending a multi-day rally, as the Iran and US blockades of the Strait of Hormuz continued.
The latest proposal by Iran to end the war is unlikely to be accepted by US President Donald Trump, a CNN report said quoting sources.
The US Central Command (CENTCOM) forces will begin implementing a blockade of all maritime traffic entering and exiting Iranian ports today (April 13) at 10 am ET (3 pm GMT and 7pm GST), following President Donald Trump's announcement on Sunday on the action.
US President Donald Trump on Sunday announced that the US Navy would immediately begin blockading the Strait of Hormuz, sharply escalating tensions after marathon talks with Iran collapsed without a deal to end the war, leaving a fragile two-week ceasefire hanging in the balance.
