The United States and Iran are in a deepening dispute, with the U.S. declaring it has blocked Iran's ports and Iran threatening to strike targets across the region. Pakistan is planning a second round of talks in the coming days. Last week's ceasefire appeared to hold, but the situation could reignite hostilities. Talks aimed at permanently ending the conflict failed to reach a resolution, but Pakistan has proposed hosting another round of discussions. The conflict, now in its seventh week, has caused significant disruption to markets and the global economy. The U.K. President Donald Trump has warned that Iran's control over the strait will be blackmailed if the United States attacks any ships near it. The blockade is intended to pressure Iran, which has exported millions of barrels of oil since the war began.