United States President Donald Trump has claimed that Washington's blockade of Iranian ports has been successful, urging Tehran to 'just give up' as the standoff over the Strait of Hormuz enters its 62nd day with no signs of de-escalation.

Iran has pushed back strongly, with Parliament Speaker Mohammad Bagher Ghalibaf dismissing the US campaign as ineffective. The military stated that its restraint so far has been 'intended to give diplomacy a chance', hinting at potential escalation if talks fail.

The crisis in the Strait of Hormuz is rippling through global markets, sending oil prices above $120 a barrel and driving US petrol prices to a four-year high. Analysts warn that prolonged disruption could severely impact the global economy.

The US regime's strategy of economic pressure appears aimed at forcing Iranian concessions, but Tehran remains defiant. The situation remains volatile, with both sides seemingly unwilling to back down, raising fears of a broader conflict.

Source: www.aljazeera.com