President Donald Trump announced a naval blockade of the Strait of Hormuz and Iranian ports starting Monday afternoon. This move follows the collapse of ceasefire talks in Pakistan, triggering a sudden surge in oil prices and escalating regional warnings.

US President Donald Trump announced a naval blockade of the Strait of Hormuz and Iranian ports starting Monday afternoon, after ceasefire talks collapsed in Pakistan. The move triggered an oil price surge and warnings of escalation, as both sides traded threats and blamed each other for the breakdown in negotiations and rising regional tensions. Follow our liveblog for the latest updates.