The US blockade of the Strait of Hormuz has contributed to the ongoing uncertainty surrounding a second round of talks between Iranian and American negotiators, according to CNN citing officials familiar with the matter

The uncertainty stemming from the US blockade of the Strait of Hormuz could escalate tensions in the ongoing negotiations between Iranian and American officials. This situation might lead to heightened volatility in oil prices and impact safe-haven assets, as markets react to the potential for supply disruptions or extended geopolitical friction in the region.