The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. President Donald Trump said Iran reached out to his administration over peace negotiations, as the US began a naval blockade of the Strait of Hormuz in the war’s seventh week.Even as Trump sought to jawbone negotiations back on track, there were few signs that was taking place after weekend negotiations failed in Islamabad. Iran blamed the collapse of talks on the US and Tehran has not confirmed further discussions on Monday. “We’ve been called this morning by the right people, the appropriate people, and they want to work a deal,” Trump said at the White House, without elaborating on who participated in the conversation.Trump spoke hours after the US moved to cut off vessels from transiting the vital waterway to and from Iranian ports and coastal areas, which could further inflame tensions amid the global energy crisis. The US president once again claimed that negotiations had failed due to Iran’s insistence on maintaining a nuclear program. Trump said he was “sure” Iran will eventually agree to abandon nuclear ambitions, and reiterated there would be no deal without that concession.This episode features: Michelle Jamrisko, Bloomberg News White House & National Security Editor Marc Champion, Bloomberg Opinion Columnist on Hormuz Blockade Is a Throwdown the US Can't Win: Marc Champion Michael Ventura, Co-Head of US Equity Capital Markets at RBC on Wave of $15 Billion US IPOs Runs Headlong Into War’s New Phase Jamil Jaffer, National Security Institute Founder & Executive Director See omnystudio.com/listener for privacy information.

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