Trump’s Latest Oil Blockade Brings Bigger Economic Risks
Oil markets shrugged it off, but the effort to hurt Iran could provoke retaliation that inflicts more damage on energy assets and the global economy.
Oil markets shrugged it off, but the effort to hurt Iran could provoke retaliation that inflicts more damage on energy assets and the global economy.
This live blog has now closed. You can read the latest on the fragile ceasefire between Israel and Iran hereSouth Korean president Lee Jae Myung has said rising tensions around the strait of Hormuz make it hard to be optimistic about the fallout from t…
European countries declined to take part in the action, which is designed to pressure Iran into making concessions by cutting off its oil income.
The vessels exited the Strait of Hormuz on Monday, hours before a U.S. naval blockade took effect.
President Trump is trying to choke off the country’s lifeline with a blockade of the Strait of Hormuz. But the Iranians are betting that his tolerance for political pain is limited.
Prime Minister Keir Starmer said the U.K.’s diplomatic efforts are directed at keeping the vital waterway “open, not shut.”
President Trump’s announcement of a U.S. blockade was his latest effort to pressure Iran to negotiate after direct talks over the weekend did not yield an agreement.
Vice President JD Vance led the highest-level talks between the United States and Iran in nearly 50 years.
Announcement has left markets in yet more uncertainty, with questions over how blockade will be enforcedMiddle East crisis – live updatesThe US military has announced it will enforce a blockade on all Iranian ports in the strait of Hormuz from Monday a…
This blog is now closed – our live coverage continues hereCircling back to Donald Trump’s coming naval blockade, the US military said it would block all Iranian Gulf ports on Monday at 10am ET on Monday (5.30pm in Iran and 1400 GMT), effectively seizin…