Oil tankers are steering clear of the ​Strait of Hormuz ahead of a U.S. blockade later on Monday following failed peace talks ‌between the U.S. and Iran over the weekend, shipping data showed.

Donald Trump said on Sunday the U.S. Navy would start blockading the Strait of Hormuz, raising the stakes after marathon talks with Iran failed to reach a deal to end the war, ​jeopardising a fragile two-week ceasefire.