President Donald Trump’s latest effort to pump the markets has flopped once again.
After Trump, 79, announced in a Truth Social post on Sunday that the U.S. would begin blockading all ships “trying to enter, or leave, the Strait of Hormuz,” the highly volatile price of oil jumped once again as uncertainty over the conflict continues to spiral.
U.S. Central Command confirmed the move later in the day, saying that the military’s blockade of Iranian ports would begin at 10 a.m. on Monday, or 5:30 p.m. in Iran.
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