The Latest: Trump directs US Navy to blockade the Strait of Hormuz
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US President Donald Trump has directed the US Navy to blockade the Strait of Hormuz after US-Iran peace talks in Pakistan ended without an agreement. The move is expected to lead to higher oil prices and escalate tensions in the region.
The US Navy will begin a blockade of the Strait of Hormuz. The blockade is in response to the failed US-Iran peace talks in Pakistan. Iran had demanded the right to collect tolls from vessels traveling through the strait. The US has stated that no one who pays the tolls will have safe passage. The blockade may lead to higher oil prices. Experts say the implementation and scope of the blockade are crucial in determining its impact.
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