Washington, July 12 -- US President Donald Trump asserted on Sunday that the Strait of Hormuz remains open to commercial traffic, dismissing Iranian claims of control following a series of intense US military strikes in the region.

In an interview on NBC's Meet the Press, the President signalled a complete collapse of recent diplomatic efforts with Iran, revealing that a tentative agreement with Tehran had been shattered by alleged Iranian military strike against commercial vessel.

President Trump described a near-miss in negotiations that he claimed took place on Saturday, where he claimed Iranian representatives had agreed to significant concessions, including the total cessation of nuclear and military posturing.

"We had meetings wi...