US maintains Iran blockade, Hormuz stays open

Persian Gulf oil exports have recovered to roughly two-thirds of pre-war levels, limiting the conflict's impact on global markets, according to Goldman Sachs analysts.

Tehran is reportedly drafting a list of conditions for reopening the Strait of Hormuz, while Washington has dispatched a new warship to the Middle East.

Treasury Secretary Scott Bessent said the blockade of Iranian ports will 'crush' the country's failing economy, and the US is pressing allies at the G20 to enforce sanctions.

President Trump insists the US is still winning the war and is willing to do 'whatever it takes.'