Iran announced to stop negotiations with the US, threatening to block the Strait of Hormuz Iran's Tasnim news agency has just reported that Tehran has decided to suspend all indirect negotiations with the US, citing Israel's military escalation in Lebanon and Gaza. Iran demands that Israel completely withdraw from the occupied areas in Lebanon before resuming negotiations. Iran is said to have decided to completely block the Strait of Hormuz and warned that it could activate other fronts such as the Bab el-Mandeb Strait in response. US oil prices soared more than 8%, reaching $94/barrel. $BTC falls to $71K#USIranTalksStallOut