Monica Ricks

Senior U.S.

officials say the U.S.

and Iran are closing in on a deal that would reopen the Strait of Hormuz, even as President Trump says he won't rush into an agreement.

He posted on True Social today both sides must take their time to, quote, get it right.

Iran's nuclear program is still a central sticking point, as well as the reopening of the Strait of Hormuz without tolls.

Secretary of State Marco Rubio gave an earlier update from India.

Bloomberg, Jomana Bersetchi on Bloomberg this weekend.

U.S.

officials say any sanctions relief would depend on how Tehran complies with various provisions of a deal.

Trump also says a U.S.

blockade in the Strait will stay in place until a deal is signed.

China's coal production has helped its economy amid the Iran war shock, but a mining disaster this weekend is now raising questions about the cost of that drive.

The accidents triggered a vast rescue operation and investigation, and it could lead to increased scrutiny and safety inspections.

That could threaten coal output and energy security in China, which relies heavily on coal for power generation.

The U.S.

has paused a $14 billion arms sale now to Taiwan a week after President Trump's visit to China.

U.S.

Ambassador to Taiwan Alexander Yu says it's reassuring to hear that the U.S.

hasn't changed its policy on Taiwan, but he says Taiwan's always ready to defend itself.

Ambassador Alexander Yu on Bloomberg this weekend.