The U.S. on Monday has begun blocking ships from entering or exiting the Strait of Hormuz, attempting to ratchet up pressure on Iran to reopen the key oil route after peace negotiations collapsed. President Donald Trump, announcing the plan Sunday on Truth Social, slammed Iran for refusing to give up its nuclear ambitions and accused Tehran of “WORLD EXTORTION” by continuing to throttle traffic through the strait. The U.S. blockade, which was set to begin at 10 a.m. ET, applies to “any and all Ships trying to enter, or leave, the Strait of Hormuz,” Trump said. The U.S. Central Command later added the caveat that ... (full story)