Matt Piper

McIlroy's 73 Saturday cost him what was a six-stroke lead through 36 holes.

He is No.

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I'm Matt Piper, and this is Bloomberg.

News when you want it with Bloomberg News Now, I'm Matt Piper.

President Trump says the U.S.

Navy will soon begin a blockade of ships entering and leaving the Strait of Hormuz.

The decision, which he posted on his Truth Social platform, follows the collapse of U.S.-Iran peace talks in Pakistan this weekend.

The talks ended without an agreement, leaving a two-week ceasefire in doubt.

The president stresses that Iran's nuclear ambitions were at the core of the failure to end the war and that the U.S.

is prepared to finish the war.

Vice President Vance left the region after 21 hours of negotiations with top Iranian officials.

Pakistan's Foreign Minister Ishaq Dar.

It is imperative that the parties continue to uphold their commitment to ceasefire.

Jumana Brasechi covers the Middle East for Bloomberg and has more on what's next.

Bloomberg's Jumana Bersetchi on Bloomberg This Weekend.

That ceasefire expires in 10 days on April 22nd.

The U.S.

and Iran's failure to strike a peace deal is set to weigh on market sentiment and lift demand for safe haven assets.