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After Iran talks falter, will Trump escalate or negotiate?

The world waits for Trump’s verdict after the talks failed to yield a deal, writes the BBC’s Lyse Doucet.

Oil Spikes Past $100 As US Plans Naval Blockade Around Iranian Ports

US crude (West Texas Intermediate) rose 8 per cent to $104.24 a barrel. Brent crude jumped 7 per cent to $102.29.

The cause of the fire was not immediately known. There were no reports of casualties or injuries so far.

A local diver, identified as Gulab, said about 15 people have been pulled out so far, officials said.