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US begins Iran port blockade, oil prices ease on hopes for dialogue

Middle East News

14-04-2026 | 00:18

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US begins Iran port blockade, oil prices ease on hopes for dialogue

The U.S. military began a blockade of Iran's ports, angering Tehran and adding uncertainty around the crucial waterway, although hopes for dialogue to end the war provided some relief to oil markets where benchmark prices fell below $100 on Tuesday.

After a breakdown of weekend talks in Islamabad between the two adversaries, a U.S. official said there was continued engagement and forward motion on trying to get to an agreement. Pakistani Prime Minister Shehbaz Sharif also said efforts were still under way to resolve the conflict.

U.S. President Donald Trump said Iran had been in touch on Monday and wanted to make a deal but that he would not sanction any agreement allowing Tehran to have a nuclear weapon.

Reuters

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