US-Iran war news LIVE: As US-Iran peace prospects dim, Turkish President Erdogan urges Trump to pursue talks

Turkish President Erdogan urged US President Donald Trump to pursue talks with Iran in a recent phone call, as tensions between the two nations continue to escalate. Erdogan offered Turkey's support in de-escalating the situation, stating that diplomacy is crucial in addressing the tensions. The Turkish presidency emphasized their commitment to peace efforts and continued support for the cause.

Meanwhile, RTX Corp. secured a $23 billion contract from the US Navy to increase production of over 7,000 Tomahawk cruise missiles, as tensions persist in the ongoing five-month war on Iran. As part of the multi-year agreement, RTX aims to rapidly scale output and collaborate with hundreds of US suppliers to meet long-term needs.

In a separate development, US President Trump reiterated his comments about declaring the Strait of Hormuz a US territory, claiming Washington has total control over the region. He praised the effectiveness of the naval blockade against Iranian ports and noted the decrease in oil prices due to the closure of the Strait. Trump also expressed concern over Iran's inflation rate, economic turmoil, and military defeat.