00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The U.S. military said it will begin a blockade of ships leaving Iran's ports on Monday
00:06after talks in Islamabad failed to reach a deal to end the war, according to Reuters.
00:10The move puts a ceasefire at risk with one week remaining.
00:12Oil prices surged more than 7% above $100 a barrel
00:15as traders reacted to the disruption and the continued closure of the Strait of Hormuz.
00:20Trump said vessels paying Iran a toll would not have safe passage,
00:23while Iran warned any restrictions in international waters would be illegal
00:26and threatened retaliation against Gulf ports.
00:28U.S. Central Command said the blockade would be enforced
00:31against all vessels entering or departing Iranian ports.
00:34For all things money, visit Benzinga.com.
Comments