Read our Privacy noticeDonald Trump has declared that it “always works out” as he said the US will scale down the intensity of its efforts to reopen shipping through the Strait of Hormuz. Talks to end their war and reopen shipping through the Strait of Hormuz appeared to have stalled, after Tehran demanded a series of conditions, including the payment of compensation, before it reopens the waterway. We are just watching Iran with its huge inflation and the fact they have no money," he told Axios. Stalling negotiations have seen the price of Brent crude ticked up for the fourth trading day in a row, now sitting at $84. Meanwhile, the US is pushing for defence companies to “dramatically” accelerate weapons production as the Iran war drains through their missile supplies, according to a memo obtained by The Washington Post.