Trump: Fine, We’ll Blockade the Strait Too
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Unable to quickly remove Iranian mines from the Strait of Hormuz—the world’s most important oil transit corridor—with its current equipment, the US is switching tack: President Trump announced Sunday in two Truth Social posts that the Navy will launch its own blockade of “any and all Ships trying to enter, or leave” the passage, and intercept those that have paid Iran’s tolls to cross.
The announcement will almost certainly mean a further spike in oil prices when markets open on Monday,
The announcement will almost certainly mean a further spike in oil prices when markets open on Monday,
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