Trump said in a Monday CNBC interview that he expects oil prices to fall sharply soon and does not care whether talks with Iran end, after Iranian media reported Tehran suspended or could halt indirect talks with the United States and move to block the Strait of Hormuz. Trump also said he had received no notice of any suspension and that the U.S. blockade in the waterway would continue, leaving an unresolved discrepancy over the status of talks. The developments, which followed reported U.S. strikes on Iranian military sites, Iran’s reported downing of a U.S. drone, and a reported interception of two Iranian missiles targeting Kuwait, drove fears of supply disruption through the Strait of Hormuz and possible spillover to the Bab el-Mandeb strait. Oil prices surged in the reporting, with Brent cited as up 5% above $100 or above $97 and WTI near $94, while crypto markets saw roughly $600 million in liquidations, about an $80 billion drop in total market value, and Bitcoin weakening toward $72,000 amid heightened geopolitical risk.