The Markets Ledger

Trump says US blockade of Iranian ports to begin on Monday 14:00

The US Navy will blockade the Strait of Hormuz, Donald Trump
said, after talks in Islamabad failed to produce a deal between the US and
Iran.

Here are the latest developments:

  • Donald
    Trump said that the US will start blockading ships entering and
    leaving Iranian ports
     from Monday, 10:00 ET (14:00 GMT,
    15:00 BST)
  • US
    Central Command says the blockade will be enforced impartially against
    vessels from all nations – however, its forces “will not
    impede freedom of navigation for vessels transiting the Strait of Hormuz
    to and from non-Iranian ports”
  • Iran’s
    Revolutionary Guard says any military vessels approaching the strait will
    be seen as violating the current ceasefire and “dealt with
    severely”
  • A
    Wall Street Journal report said Trump is considering resuming air strikes
    on Iran. The White House told the BBC all options are on the table,
    but also said anyone telling the newspaper they know what Trump will do
    next is “purely speculating”
  • Trump
    said Iran still wants to pursue its nuclear ambitions, vowing
    the US will make sure “Iran will not have a nuclear weapon”
  • The
    collapse of peace talks and rising oil prices have hit the global economy
    – oil is now above $100 a barrel

BBC