Trump announces naval blockade on Iran after peace talks collapse
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President Trump announced the U.S. is imposing a naval blockade on Iran and the Strait of Hormuz, several hours after peace talks in Pakistan ended in failure.Why it matters: Iran has effectively held the strait hostage, imposing a toll and limiting oil exports. Trump's blockade aims to flip that dynamic by denying Iran the leverage it's using as a bargaining chip and preventing it from exporting its oil.Trump has been discussing the blockade option with his team for several days, as a contingen
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