Asian stocks are trading higher, tracking Wall Street gains and oil prices fall as expectations rise again over a second round of talks on an end to the Iran war, which is now in its seventh

US Treasuries advanced after President Donald Trump said Iranian officials were seeking an agreement on terms to end the war, triggering a pullback in oil prices and a drop in the dollar.

President Trump confirmed that a U.S. blockade on ships entering or exiting Iranian ports would take effect Monday, 10 a.m. Eastern time, after peace talks stalled between the U.S. and Iran.

After weekend peace talks with Iran that yielded little, President Trump plans to begin a blockade of the Strait of Hormuz on Monday morning. The negotiations have left questions about the future of

A U.S. naval blockade at the Strait of Hormuz went into effect Monday morning, escalating pressure on Iran after peace talks over the weekend fell apart. President Donald Trump promised to stop the negotiations to cut off revenue to Iran after negotiations yielded nothing.

The US and Iran are weighing further negotiations to extend a two-week ceasefire as President Donald Trump presses ahead with a naval blockade to curb the Islamic Republic’s oil exports, a step aimed at extracting concessions in peace talks.

President Trump said Monday that talks with Iran are not over, even though a marathon session in Pakistan over the weekend failed to produce an end to the war. Meantime, the president’s U.S. naval blockade of the Strait of Hormuz is underway.

U.S. President Donald Trump said Monday that the American military had begun a blockade of Iranian ports as part of his effort to force Tehran to open the Strait of Hormuz and accept a deal to end the war that has raged for more than six weeks.