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Trump says U.S. Navy will 'immediately' blockade Strait of Hormuz after ceasefire talks end without agreement (www.pbs.org)

submitted 1 month ago* (last edited 1 month ago) by beep@piefed.world to c/world@quokk.au

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President Donald Trump on Sunday said the U.S. Navy would "immediately" begin a blockade of ships entering or leaving the Strait of Hormuz, after U.S.-Iran ceasefire talks in Pakistan ended without an agreement or next diplomatic steps in sight.

In his first public comments after the 21-hour talks, Trump sought to eliminate Iran's key source of leverage in the war by exerting strategic control over the waterway that was responsible for 20% of global oil shipping before fighting began.

A U.S. blockade could further rattle global energy markets. Trump told Fox News the goal was to ensure all ships could transit: "It's going to be all or none, and that's the way it is."

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[–] SeeMarkFly@lemmy.ml 17 points 1 month ago

No, he wanted the stock market to go DOWN so he can BUY LOW.

Then he changes his mind and the stock market goes back up and the he SELLS HIGH.

Haven't you been watching?