Trump's Strait Blockade: Oil Prices Soar, UAE Quits OPEC

0:00President Trump just ordered his team to gear up for a long-term U.S. naval blockade of the Strait of Hormuz, aiming to choke Iran's oil exports as. This war drags into its third month. He sees it as the smart play less risky than bombing runs or pulling out altogether, while Iran pushes to reopen the strait for talks in Floton and Ennia, in term deal on shipping control, which Trump shot down as bad faith. Central markets are feeling the heat, with Brent crude climbing to over $111 of barrel for the seventh straight day and the United. Arab Emirates just announced its ditching OPEC to palm more freely amid the shortages. Meanwhile, the ceasefire holding since April 7 is shaky, U.S. forces boarded a suspicious ship in the Arabian Sea, but let it go after a check. Immediators in Pakistan expect a fresh Iranian proposal any day now. Global leaders are fed up with the standoff keeping the strait shut. Sparking fuel rationing across Asia and Africa as everyone braces for more.

1:01Economic turbulence until a real deal lands. Canada News. Today, powered by AI Bringing You What Matters, I'm Corey with The Story.