Iran balked at President Trump's demands for a peace deal amid a standoff over the Strait of Hormuz, as fear the war could reignite hits oil and energy markets.

The minister of state said Iran had hit the United Arab Emirates with over 2,800 missiles and drones since the start of the war.

Sanctions relief in return for a moratorium on nuclear fuel enrichment is the exact arrangement that Trump and many Republicans criticized for years.

Less than 48 hours after President Trump said Iran has "agreed to everything," he threatened the whole country would get "blown up" without a deal soon.

As the weekend approached, the US and Iran appeared to be closing in on a deal to end the seven-week war.

The president seemed to be spinning out after his public approval rating slumped to a second-term low amid ongoing criticism of the conflict.

An Iranian-flagged cargo ship seized by U.S. forces had recently visited Chinese ports, spotlighting a supply route now under scrutiny by officials.

The Iran ceasefire and expected peace talks this week are hanging by a thread as tensions boil over the strategic waterway that epitomizes Tehran’s new leverage and a conflict that critics warn has escaped President Donald Trump’s control.

Disrupting the Strait of Hormuz turned out to be a powerful weapon. It might be a new way for Iran to keep adversaries at bay, even without a nuclear program.

President Donald Trump’s erratic moves aren’t helping.