U.S. military blockade of all of Iran’s ports and coastal areas went into effect at 10 a.m. ET. According to the U.S. military, it will allow ships to transit the Strait of Hormuz if they are traveling between non-Iranian ports. President Donald Trump had said earlier that the U.S. Navy would prevent ships from passing through the key waterway.

Iran’s armed forces accused the U.S. of “piracy” and said the country’s ports are “either for everyone or for no one.”

The price of oil climbed overnight to well above $100 a barrel and stocks fell as traffic through the strait, a crucial global trade route, was at an effective standstill.

Trump said that the ceasefire with Iran is “holding well” but that “I don’t care” whether Iran returns to the negotiating table after weekend talks ended without a peace deal.

ope Leo XIV vowed to keep speaking out and said he had no fear of the Trump administration after Trump assailed the first American pope as “weak” and “terrible” following his Iran war