Vessels remain stranded in the Strait of Hormuz
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Vessels remained at a standstill in the Strait of Hormuz on Monday. According to Associated Press it comes as U.S. President Donald Trump said new talks to wind down the war in Iran will start Monday, after announcing he is holding off on new massive strikes he had threatened to unleash on the country. The talks will seek to end the conflict and revive stalled cargo traffic through the strait, a crucial waterway through which about a fifth of all traded oil and natural gas passed before the war. Since Iran began threatening and firing on ships in the Strait of Hormuz early in the war, the conflict has wreaked havoc on the global economy as energy shipments through the waterway ground to a near halt.
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