Stock dip, oil prices jump after U.S. begins partial blockade Strait of Hormuz

Oil prices jumped above $100 a barrel on Monday and U.S. stocks dipped amid concerns about the impact of President Trump’s plan to blockade Iran’s ports and a partial blockade of the Strait of Hormuz, a key chokepoint for oil, fertilizer and other commodities.  The price of Brent crude, the international benchmark, jumped $7.15, or 7.5%, to $102.30 … Read more

Latest news on Iran war as Vance says no deal was reached, Trump calls for Strait of Hormuz blockade

Latest news on Iran war as Vance says no deal was reached, Trump calls for Strait of Hormuz blockade – CBS News Watch CBS News Vice President JD Vance announced that the U.S. and Iran did not reach a deal during talks in Pakistan over the weekend. This comes as President Trump calls for a … Read more

What to know about Trump’s Iran blockade and the Strait of Hormuz

The U.S. began mine-clearing efforts over the weekend. Commander of CENTCOM Adm. Brad Cooper said U.S. forces would begin the “process of establishing a new passage” that would be shared “with the maritime industry soon to encourage the free flow of commerce.” The U.S. moves come after Iran’s own blockade of the strait amid the … Read more