Donald Trump knows a US blockade of the Strait of Hormuz will not increase fuel supply or bring down oil prices — but will it advance peace talks?
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Oil prices surged past $100 after U.S.-Iran talks collapsed and Washington moved toward a naval blockade, setting a cautious tone for Asia markets at the open.
The ceasefire has demonstrated that Trump’s alignment with Netanyahu only goes so far
US President Donald Trump’s ceasefire with Iran appears at risk as discussions begin in Pakistan.
Crude had stabilised on optimism that a deal could be reached to reopen the Strait of Hormuz
The Ministry of Energy says the East-West pipeline is back to pumping about 7 million barrels per day.
CENTCOM says the blockade will begin at 14:00 GMT, as Iran warns of even higher prices at the pump. Grouped from 3 articles across 3 sources.