🇺🇸 Trump just announced a US Navy blockade of the Strait of Hormuz.

Details:

1. 20-hour Iran nuclear talks in Islamabad FAILED

2. Iran refused to give up NUCLEAR ambitions, the only point that "really mattered"

3. US Navy will now blockade ALL ships entering or leaving the Strait

4. Any vessel that paid "illegal" tolls to Iran loses safe passage

5. US will DESTROY Iranian mines in the Strait

6. "Any Iranian who fires at us will be BLOWN TO HELL"

7. The US is “LOCKED AND LOADED” to finish the little that is left of Iran," Trump adds.

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🇺🇸 PRESIDENT TRUMP ON OIL AND GAS PRICES:

"The price of oil and gas could be lower before the midterm elections, or maybe a little higher... Frankly, gas prices haven't gone up as much as I thought they would."

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BREAKING: 🚨🚨Trump proposes 50% tariff on nations, including China, for supplying arms to Iran.

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🇺🇸 Trump says stock market has not declined significantly since the war.

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Iran: “We’re blocking the Strait!”
USA: “No, WE are blocking the Strait!!”

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🇮🇷🇷🇺 IRAN'S PRESIDENT IN CALL WITH RUSSIAN COUNTERPART: IRAN IS READY FOR A 'BALANCED AND FAIR' AGREEMENT THAT ENSURES STABLE PEACE AND SECURITY - IRANIAN STATE MEDIA

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🇮🇷 Iran says they will now treat any U.S. military vessels approaching the strait as a ceasefire breach to be “dealt with strongly”.

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🇮🇷 Iran’s Supreme leader on hearing that Trump has joined him to block the Strait of Hormuz

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🇮🇱 Israel's Prime Minister Netanyahu: War continues. Our soldiers are fighting well, including within the security zone in Lebanon.

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🇮🇷 Qalibaf to Trump: If you fight, we will fight, and if you come forward with logic, we will deal with logic, says state media.

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🚨🚨 Google search interest for "price of oil" spiked to its highest level on record in data going back to 2004.

This exceeds the 2022 Russia-Ukraine war and 2008 Financial Crisis peaks by +300%.

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📊 Key Events This Week:

1. Markets React to Failed Negotiations and Hormuz "Blockade" - Today, 6 PM ET

2. March Existing Home Sales data - Monday

3. March PPI Inflation data - Tuesday

4. Philly Fed Manufacturing Index - Thursday

5. Initial Jobless Claims data - Thursday

6. 10 Fed Speaker Events This Week

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BREAKING: 🇺🇸 US oil prices officially surge +10% at the open, rising above $105/barrel, as peace talks between the US and Iran fail to reach a deal.

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BREAKING: 🚨🚨 The US Military says it will begin its Strait of Hormuz “blockade” at 10 AM ET on Monday.

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🇨🇭 Switzerland offers to mediate between US and Iran to end the war.

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🇺🇸 President Trump is looking at resuming limited military strikes in Iran, and 'could also resume a full-fledged bombing campaign' according to Wall Street Journal report.

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🇮🇷 Iranian Foreign Minister Araghchi claims the U.S. & Iran were "just inches away" from an agreement before talks fell through.

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🇮🇷 Iranian Parliament Speaker says "enjoy" the current gas prices.

"Soon you'll be nostalgic for $4–$5 gas."

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🇺🇸 ELON MUSK: ''Google will win the AI race in the West, China on Earth and SpaceX in space.''

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🚨 Indonesia's rupiah falls to record low of 17,130 per US Dollar.

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