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President Donald Trump said he ordered the U.S. Navy to find and interdict any ship in international waters that has paid a toll to Iran to transit the strait.
Source
CNBC
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US President Donald Trump’s move to blockade the Strait of Hormuz risks deepening an unfolding economic crisis for Asia’s energy-dependent economies, including America’s allies in the region and China.
The Bank of Japan’s usual approach to conducting policy at times of high uncertainty would be to wait and see, making the likely outcome of a meeting this month too close to call, according to a former executive director who oversaw monetary policy at the central bank.
Sara Vakhshouri, Founder and President at SVB Energy International, discusses her outlook for energy markets as the US moved to blockade the Strait of Hormuz after weekend talks between Washington and Tehran failed to reach a deal, escalating a global energy crisis that’s rocked markets. She speaks with Haidi Stroud-Watts and Shery Ahn on Bloomberg: The Asia Trade. (Source: Bloomberg)
