Stock futures plummeted and oil prices surged following President Trump's directive to halt all maritime traffic in the Strait of Hormuz. The blockade is scheduled to take effect at 10 a.m. Eastern time on Monday.
- President Trump ordered a total blockade of the Strait of Hormuz
- Implementation set for 10 a.m. Eastern time Monday
- Immediate surge in oil prices due to supply disruption fears
- Stock futures diving in response to geopolitical instability
- Critical impact on global energy transit
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