By Chibuike Oguh and Samuel Indyk NEW YORK/LONDON, Sept 28 (Reuters) - The dollar was flat against major currencies on Monday, as the continued stand-off between the US and Iran pushed oil prices higher,

Oil rose for a second day as a lack of progress in US-Iran talks and signs of strong demand outweighed a resumption of flows through a key pipeline from top exporter Saudi Arabia.

Asian stocks mostly fell and oil prices extended gains as hopes for a reopening of the Strait of Hormuz fade amid expectations the Federal Reserve will hike interest rates again next month. The talks are expected to focus on "messages exchanged with the United States through

The oil is flowing again in the Persian Gulf — even as Iran is choking on fumes. Oil exports from the region have rebounded to 72% of pre-war levels and crude flow through the Strait of Hormuz is now a little under half what it was before the war,

Oil fell more than 3% earlier in the session as the U.S. relies on economic pressure against Iran rather than military strikes.

As the war with Iran hits the 7-month mark, Trump tells Axios he expects talks to resume despite neither side signaling willingness to change demands.

Saudi Aramco is currently operating the pipeline at a throughput rate of around 3.5 million barrels a day, people familiar with the matter said.

Two Iran-linked supertankers seized by U.S. forces earlier this year are approaching the United States, where American authorities intend to confiscate both the vessels and their multimillion-dollar oil cargoes.