Oil prices climb as Strait of Hormuz remains closed

President Trump hints pullback from Iran

President Trump suggested the US might pull back from Iran soon, hinting a deal isn't necessary to end tensions.
Meanwhile, a third US aircraft carrier strike group is heading to the Middle East, raising concerns about more conflict.
China and Pakistan are urging for an immediate ceasefire and safe passage through the Strait, showing just how worried other countries are about stability in the region.