Trump announces Strait of Hormuz blockade after US-Iran peace talks end

President Donald Trump announced that the US Navy will begin blockading the Strait of Hormuz immediately after peace talks with Iran in Pakistan ended without an agreement. In a social media post, he accused Iran of 'extortion' and stated that the Navy would intercept ships that have paid Iran a toll to traverse the strait. This blockade comes as Iran has essentially taken control of this vital maritime route for the global energy market.