Iran's foreign minister meets Vladimir Putin as U.S.–Iran talks collapse, escalating tensions over the critical Strait of Hormuz oil choke point.

Oil prices climbed about 2% to a two-week high on Monday as peace talks between the ‌U.S. and Iran stalled and shipments through the Strait of Hormuz remained limited, keeping global oil supplies tight.

Oil prices rose Sunday after an Iranian official warned that the Strait of Hormuz will “under no circumstances” return to its previous state.

The U.S. Navy has officially begun de-mining operations in the Strait of Hormuz after peace talks with Iran collapsed this weekend.

LONDON, April 27 (Reuters) - At least seven ships - mainly dry bulk vessels - have crossed the Strait of Hormuz in the past 24 hours, in line with muted activity in recent days, shipping data showed on Monday,

Pakistan's leaders sought Sunday to revive peace talks between the United States and Iran after President Donald Trump canceled plans for his top envoys to travel to Islamabad this weekend for negotiations.

Rising Strait of Hormuz tensions fuel Iraq's $24 billion Development Road and other alternative Gulf-to-Europe trade routes, analyst says now.

Stock Market Today: The Dow Jones index rose Monday on the latest U.S.-Iran news. Nvidia stock rallied near record highs.