In a massive escalation in global tensions, Donald Trump has accused Iran of “blackmailing and extorting the world” as he moves forward with a dramatic naval blockade strategy in the Strait of Hormuz.
After high-stakes US-Iran talks collapsed, Trump announced that the U.S. Navy would begin intercepting ships and enforcing a blockade targeting Iranian ports—raising fears of a full-scale naval conflict in the Middle East.
The Strait of Hormuz—through which nearly 20% of global oil supply flows—has now become the epicenter of a dangerous geopolitical showdown. Oil prices are surging, global markets are reacting, and Iran has already warned of retaliation
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