India has resumed oil and gas imports from Iran after seven years, in a bid to rebalance its ties with Tehran and secure supplies through the Strait of Hormuz.

In an effort to stop the fighting, Egyptian, Pakistani and Turkish mediators have sent Iran and the U.S. a proposal calling for a 45-day ceasefire and the reopening of the Strait of Hormuz to give time to try and find a way to end the war, two Mideast officials have told The Associated Press.

HOUSTON, April 6 (Reuters) - Oil prices climbed in choppy trade on Monday, as the U.S. and Iran ratcheted up their rhetoric even as the two countries are engaging in indirect talks that could lead to the de-escalation of hostilities.

Israel and several Persian Gulf nations reported a new influx of drone and missile launches toward them early Thursday morning, hours after President Trump asserted in a national television address that the U.S. military campaign against Iran was an overwhelming success and “near completion.”

Tensions are rising fast as Donald Trump threatens action over the Strait of Hormuz, drawing a sharp response from Tehran and fresh warnings around Bab al-Mandab. Oil prices have climbed past $110, adding to inflation worries,

LONDON, April 6 (Reuters) - Oil prices fell in choppy trade on Monday, as investors awaited clarity on the status of talks between the U.S. and Iran and remained wary about sustained supply losses due to shipping disruptions.

Trump could deploy them to seize Kharg Island, from which 90% of Iran’s oil is exported, or other small islands near the Strait of Hormuz to weaken Iran’s grip on the narrow waterway that’s critical to the global oil trade.

President Trump said Monday that he is going to force Iran to "cry, as the expression goes, uncle." PRESIDENT DONALD TRUMP: The war is about one thing. Iran cannot have a nuclear weapon. Had we not broken the Barack Hussein Obama--you know what I'm talking about--the Iran nuclear deal,