Trump says U.S. will blockade Strait of Hormuz after Iran peace talks collapse; oil prices fueling inflation amid Iran war.

A marathon round of talks between the U.S. and Iran over the weekend failed to produce a peace agreement, leading President Trump to announce a bloackade of the Strait of Hormuz. Imtiaz Tyab and Taurean Small have more.

US, Australia, Philippines hold second joint drills in South China Sea this year  ReutersU.S. Navy Rehearses Wartime Repairs in Central Philippine Port  navalnews.comTask Force Ashland Conducts Non-Lethal Weapons Course [Image 1 of …

After the strikes, Southern Command said it notified the U.S. Coast Guard to launch a search and rescue mission for the survivor.

The failed peace talks left investors on edge with little visibility on how the blockade will be implemented, and how long and deep an oil shock needs to be priced in.

US President Donald Trump has said the American Navy would swiftly begin a blockade of ships entering or leaving the Strait of Hormuz after US-Iran ceasefire talks in Pakistan ended without an agreement.

Péter Magyar’s historic win offers peace for a country exhausted by the tensions of Viktor Orbán’s rule, Nick Thorpe reports from Budapest.

Péter Magyar’s historic win offers peace for a country exhausted by the tensions of Viktor Orbán’s rule, Nick Thorpe reports from Budapest.

Hungary’s Viktor Orban has conceded defeat in what he called a painful election. Meanwhile, in Israel, Prime Minister Benjamin Netanyahu is facing strong opposition ahead of a vote for his reelection coming up in the fall. Elizabeth Palmer reports.