President Donald Trump said Sunday that the U.S. Navy would begin blockading “any and all” ships trying to enter or leave the Strait of Hormuz.

Futures fall and oil prices jump. The U.S. Navy will blockade Iranian ports at10 a.m. ET Monday after Iran talks ended with no deal. Goldman Sachs beat views before the open.

The president is willing to end hostilities even if the Strait of Hormuz remains largely closed, WSJ reports

"CENTCOM forces will not impede freedom of navigation for vessels transiting the Strait of Hormuz to and from non-Iranian ports."

Last week, optimism around a temporary ceasefire had driven a strong rally, News.Az reports, citing foreign media. The S&P 500 (^GSPC) posted a

Major stock indexes closed sharply higher Monday, with the Nasdaq rising for a ninth consecutive session, as investors held out hope that a U.S.-Iran peace deal would eventually be agreed upon.

Late Tuesday, oil markets tumbled and global equities surged after Donald Trump agreed to pause military action against Iran in exchange for restoring safe passage through the Strait of Hormuz. Oil Prices Plunge,

U.S. stock futures inched lower on Thursday as cracks emerged in the fragile Middle East ceasefire.

Dow Jones Industrial Average futures slipped 0.1%, following solid gains in the previous session that pushed the blue-chip index into positive

Trump said Iran had reached out seeking to resume negotiations following the weekend breakdown in talks in Islamabad. ・He added that 34 ships passed through the Strait of Hormuz, the highest since the closure began.