Iran Halts All Negotiations With the U.S. and Vows to "Completely Block" the Strait of Hormuz
Iran suspended all mediated exchanges with the U.S. and announced it will pursue a complete blockade of the Strait of Hormuz — plus activate the Bab al-Mandeb chokepoint — after accusing the U.S. of ceasefire violations through Israel's continued operations in Lebanon against Hezbollah. Oil surged 7.7% on the news. Trump's response: "I don't care" if negotiations are over, and the talks had "started to get very boring." The deal that was on the table — unrestricted Hormuz shipping, mine removal, blockade lifting, sanctions waivers — now appears dead. Three months into a war that had no defensible cause, the strait remains closed, oil is up 30%, and the president says he's bored.