Strait blockade: The US military said it will enforce a blockade on all traffic entering and leaving Iranian ports in the Strait of Hormuz from 10 a.m. ET today, after weekend peace talks in Pakistan faltered. Iran’s Islamic Revolutionary Guard Corps (IRGC) has vowed to retaliate.
• Markets roiled: Oil prices have again topped $100 a barrel and stock markets fell as the collapsed talks and imminent blockade threatened to further disrupt the global economy.
• Pope criticism: Meanwhile, Pope Leo XIV said he has “no fear of the Trump administration” and will continue to speak out, after criticism from President Donald Trump, who denounced his stance on the Iran war and said he was “terrible for foreign policy.”
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