Strait of Hormuz blockade explained: why is Trump threatening it now and will it increase the price of oil?

The Guardian The Guardian —

The threat from the president has left global markets in another period of uncertainty, with questions over how the blockade will be enforced

Donald Trump has said the US will begin a blockade of the strait of Hormuz, after ceasefire talks with Iran ended without an agreement over the weekend.

The strait has emerged as Iran’s most effective weapon in its asymmetric war with the US. Since 28 February, the US and Israel have pounded Iran, striking thousands of targets and killing dozens of the country’s most senior leaders.

Iran has responded by effectively closing the strait – a vital waterway through which about 20% of global oil moves though in normal times – driving up oil prices and fuelling fears of a surge in inflation.

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