Iran, US-Israel war LIVE updates: Crude surges and Asian markets tank as Hormuz stalemate worsens after Trump’s blockade call
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The US has announced a naval blockade of the Strait of Hormuz after talks with Iran failed to reach a breakthrough, leading to a surge in crude oil prices and uncertainty in Asian markets. Iran has countered that it will not submit to threats and has warned of a severe response to any warships entering the strait.
The US has announced a naval blockade of the Strait of Hormuz. This move comes after talks with Iran failed to reach a breakthrough. Iran has warned that any warships entering the strait will be met with a severe response. The blockade has added uncertainty to the fragile ceasefire. Crude oil prices have surged over 8% due to the blockade. The US has clarified that non-Iran-linked vessels will still be allowed passage.
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