THE U.S .- IRAN WAR SHOWS NO SIGNS OF ABATING . A TOP OFFICIAL SAID WASHINGTON CAN KEEP THE BLOCKADE FOR THE FORESEEABLE FUTURE .

What happened: U.S. Ambassador to the UN Mike Waltz told the Financial Times the U.S. is prepared for a "long stand-off" with Iran and can maintain its blockade "for the foreseeable future," while Iran claims it hit seven vessels near the Strait of Hormuz. Key numbers: Hormuz and alternative routes averaged more than 24 million barrels Why it matters: Oil prices are climbing despite exports surpassing prewar levels, as expanded pipelines and shipping arrangements reduce Iran's ability to interrupt neighbors' exports. Iran's Revolutionary Guards said their doctrine will now be asymmetric. Coverage: 3 outlets in 24h

U.S. Ambassador to the UN Mike Waltz told the Financial Times the U.S. is prepared for a "long stand-off" with Iran and can maintain its blockade "for the foreseeable future," while Iran claims it hit seven vessels near the Strait of Hormuz.

Oil prices are climbing despite exports surpassing prewar levels, as expanded pipelines and shipping arrangements reduce Iran's ability to interrupt neighbors' exports. Iran's Revolutionary Guards said their doctrine will now be asymmetric.