US Navy to impose blockade today in bid to choke off flow of Iranian oil
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US Navy to impose blockade today in bid to choke off flow of Iranian oil
Explainer: strait of Hormuz blockade
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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 announced the blockade on Sunday, targeting 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...Source: Guardian - World News
