The U.S. blockade of Iran's ports will begin at 10 a.m. EDT Monday, in "59 MINUTES".

The U.S. will also partially blockade the Strait of Hormuz, a chokepoint for shipments of oil, fertilizer and other vital goods.

Iran warned it would retaliate if the U.S. carries out the blockade of its ports.

The threats follow the failure of talks in Islamabad over the weekend to reach a peace agreement between the U.S. and Iran.

Pakistan is pushing to get the U.S. and Iran to resume negotiations in an effort to get a peace accord before the current ceasefire runs out next week.

Russia warns Strait of Hormuz blockade would rattle global markets.

Prime Minister Benjamin Netanyahu said Monday that Israel supports President Trump's decision to impose a naval blockade on Iran.

Negotiations between Israel and the Lebanese government are expected to begin Tuesday.

Iran's military has threatened to retaliate against the U.S.'s looming blockade of the Strait of Hormuz and Iranian ports.

Oil prices once again rose above $100 per barrel this morning after weekend U.S.-Iran peace talks failed to produce an agreement.

The U.K. won't take part in the planned U.S. blockade of Iran's ports.

The blockade will include all vessels navigating to and from Iranian ports, including those in the Arabian Gulf and Gulf of Oman, according to the U.S. Central Command.

Oil is climbing while the the US STOCK FUTURES going down.