The United States has announced a naval blockade of the Strait of Hormuz to pressure Iran over its nuclear program. The move follows the breakdown of peace negotiations and has triggered immediate volatility in global energy and equity markets.
- Blockade effective Monday at 10 a.m. ET
- Triggered by collapse of nuclear peace negotiations
- U.S. Central Command exempts non-Iranian port traffic
- Crude oil prices surged on supply risk
- Equity futures declined sharply
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