The military and political standoff between the United States and Iran intensified on Tuesday, driving up global oil prices as efforts to reopen the Strait of Hormuz hit new friction. President Donald Trump asserted Monday that the U.S. Navy maintains control over the strategic waterway, while raisi ng new demands in response to Tehran’s conditions for […] Oil Prices Surge As Trump Demands Compensation From Iran; Mediators Seek Peace Deal ...read more read less