The Qatar Prime Minister also gave an update on ongoing diplomatic efforts, saying there had been 'some positive progress'

The White House has also previously published a map on social media labeling the Strait of Hormuz as the "Trump Strait."

The remarks came as the Houthis launched a new wave of missile and drone attacks at Saudi targets Friday morning.

November WTI crude oil (CLX26 ) closed down -2.20 (-2.33%) on Friday, and November RBOB gasoline (RBX26 ) closed down -0.1455 (-4.37%). Crude oil and gasoline prices sold off on Friday in hopes that negotiations between the US and Iran will lead to a deal to reopen the Strait

A senior United Nations official says the situation in the Strait of Hormuz is leading to a lack of fertilizer around the world. He says 45 million people could be "pushed into acute food insecurity" as a result.

The Treasury Secretary said that Washington was pressuring Iran "like never before"

Syria has begun trucking imported gasoline to Iraq through Baniyas as disruption to Strait of Hormuz shipping pushes the region to seek alternative fuel routes.

UNITED NATIONS — Iran will show no flexibility over its nuclear program even if the United States accepts its proposal to reopen the Strait of Hormuz, which calls for steps including the lifting of a US naval blockade on Iranian ports, a senior Iranian official tells Reuters.