Live | France, UK to work on 'peaceful mission' for Hormuz as US blockade looms

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The US is set to begin a blockade of Iranian ports, escalating tensions in West Asia, while France and the UK plan to work on a 'peaceful mission' for the Strait of Hormuz. The blockade is expected to start on Monday, with global oil markets already reacting to the developments, and oil prices surging above $100 per barrel.
The US will begin a blockade of Iranian ports on Monday, taking control of maritime traffic through the Strait of Hormuz. This move is expected to escalate tensions in West Asia. The Strait of Hormuz is a vital waterway that handles roughly one-fifth of the world's oil supply. France and the UK plan to work on a 'peaceful mission' for the Strait of Hormuz. The US-Iran peace talks in Pakistan failed to yield any result, despite a ceasefire announcement. Global oil markets have reacted swiftly to the developments, with US benchmark crude climbing back above $100 per barrel.
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