Oil prices were up Monday as a standoff between the U.S. and Iran in the Strait of Hormuz remained despite a ceasefire, while Pakistan leaders were seeking to revive stalled talks

President Trump on Sunday announced Project Freedom, an effort to escort ships not involved in the war with Iran out of the Strait of Hormuz, will begin Monday.

Pres. Trump told Axios in a phone interview that he rejected an Iranian peace offer that would lift the naval blockade and open the Strait of Hormuz.

Talks between Iran and the United States seemed stalled despite President Donald Trump claiming Iran had informed that it was in a “State of Collapse.”

President Donald Trump announced "major combat operations" against Iran on Feb. 28, with massive joint U.S.-Israeli strikes targeting military, government and infrastructure sites. Following the announcement of a two-week ceasefire, initial U.S.-Iran talks in Pakistan earlier this month failed to reach a peace deal.

President Donald Trump says he told his top envoys not to travel to Pakistan to negotiate with Iran. ″They can call us any time they want,” he told Fox News.

The White House confirmed Trump received an offer without saying whether the president appeared to approve of the Islamic Republic’s terms.

Iran reversed its decision to reopen the Strait of Hormuz and warned that it would block transit through the strait as long as the U.S. blockades Iranian ports.

The Trump administration seems unlikely to accept Iran’s offer to end the war and its chokehold on the Strait of Hormuz.