Guardian Business
Naval blockade an attempt to choke off flow of Iranian oil as US president threatens to ‘eliminate’ nearby ships Explainer: strait of Hormuz blockade Business live – latest updates Oil prices jumped back above $100 a barrel and global stocks fell after weekend talks between the US and Iran ended without an agreement and Donald Trump imposed a blockade of the strait of Hormuz . The US president said on Sunday the blockade would target Iranian vessels and ships that have paid a toll to Iran for passage through the strait, in an attempt to choke off the flow of Iranian oil. Continue reading...
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