US to begin naval blockade of Iranian ports in Strait of Hormuz

The United States is preparing to enforce a naval blockade on ships entering and exiting Iranian ports in the Strait of Hormuz. This action follows the reported failure of peace talks between the two countries.

President Trump has ordered the blockade, which is set to begin on Monday. The move has already impacted global oil markets, with prices rising back above $100 per barrel as two supertankers carrying Iranian crude were seen anchored off India.