Hormuz Blockade Threatens Global Markets

The U.K. government has already announced that it will not take part in the blockade, calling instead for freedom of navigation and the reopening of the strategic waterway.

Economic experts warn that the move could trigger 'Trumpflation,' with fuel prices expected to remain elevated through the U.S. midterm elections.

China has also signaled its opposition, as the blockade threatens its vital energy imports from the Persian Gulf.

The situation remains highly volatile, with the U.S. military 'locked and loaded' to enforce the blockade starting Monday morning.