Blockade and a hard place?

Oil markets react as the U.S. says it will blockade the Strait of Hormuz following collapsed Iran talks, and U.S. President Donald Trump warns Americans to expect prolonged high fuel prices. And Europe sees a political shift after Hungary’s Viktor Orban is defeated at the polls.

Today’s recommended read: Trump returns to weary and failing playbook with Hormuz blockade threat by Clyde Russell

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