Traci Mumford

Vance emerged to announce that efforts to reach a peace deal with Iran had failed.

He blamed Iran, saying they'd rejected the U.S.

demand that they not try to develop a nuclear weapon.

Earlier, even as the talks were ongoing.

President Trump had insisted it didn't matter if there was a deal or not.

And by the time Vance was announcing that the negotiations had collapsed, Trump was at a UFC fight in Miami, watching the bloody cage matches alongside a bunch of his family members, Joe Rogan and Secretary of State Marco Rubio.

That was Saturday night.

On Sunday, Trump announced that the U.S.

Navy will start blockading the Strait of Hormuz.

It's the latest head-spinning development for the crucial waterway.

Iran largely cut off the strait as leverage when the war started, though it was supposed to reopen under the current temporary ceasefire.

Now, the U.S.

is cutting off traffic as a way to choke off the limited amount of Iranian oil and gas that was getting through.

The Pentagon says the blockade will begin this morning on any ships coming or going from Iranian ports.

Iranian officials have made clear they know this could drive up global fuel prices even more.

And Iran's top negotiator seemed to taunt the U.S.

online, posting, quote, Enjoy the current pump figures.

Soon you'll be nostalgic for $4 to $5 gas.

My colleagues on The Daily today explain how Israel's motivations for the war are complicating efforts to end it.

In elections in Hungary yesterday, Viktor Orban, Europe's most prominent right-wing populist, conceded the race.