SBS News – World
·world
·5 hours ago
Blockading the Strait: How Donald Trump's latest strategy could cost Australians
The United States will begin a blockade of the Strait of Hormuz at 12am Tuesday AEST, following unsuccessful ceasefire talks with Iran. President Donald Trump stated that the blockade aims to prevent Iranian nuclear advancements. As tensions rise, global oil prices surged 8 percent and trade disruptions loom, impacting economic stability across the world.
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