Trump says US-Iran ceasefire ‘holding well,’ US will blockade Strait of Hormuz
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The US will enforce a blockade on all traffic entering and leaving Iranian ports in the Strait of Hormuz, following failed peace talks. Oil prices have topped $100 a barrel and stock markets have fallen, threatening to disrupt the global economy.
The US military will blockade Iranian ports in the Strait of Hormuz. Iran's Islamic Revolutionary Guard Corps has vowed to retaliate. The blockade comes after weekend peace talks in Pakistan failed. Oil prices have risen and stock markets have fallen. The US and Iran have not reached an agreement to end the war. The blockade is set to start at 10 a.m. ET.
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