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President Trump said Iran's navy has been destroyed and confirms a sweeping oil blockade, while sharply criticizing NATO allies and warning U.S. support for the alliance faces scrutiny.
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Oil jumps above $100 as US to blockade Iranian ports after peace talks fail BBCOil prices surge after Trump says U.S. will blockade the Strait of Hormuz NBC NewsOil Jumps, Stocks Drop on US Plan to Block Hormuz: Markets Wrap Bloomberg.comOil jumps 7% to above $100 ahead of US blockade on Iran ReutersOil prices rise after the US says it would block Iranian ports starting Monday AP News
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Oil Surges, US Futures Drop on Hormuz Blockade: Markets Wrap Bloomberg.comAsia markets set for mixed open as oil surges after U.S. moves to blockade Iran ports CNBCOil prices rise after Trump threatens to block passage through Strait of Hormuz CNNOil prices surge on blockade vow, failed U.S.-Iran talks Axios
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Oil prices surged as markets reopened on Sunday following news that U.S. peace talks with Iran had ended without a deal.
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