Strait of Hormuz Blockade Sparks Oil Price Surge and Currency Volatility

A sudden escalation in U.S.-Iran tensions is sending shockwaves across global markets. On Monday, U.S. President Donald Trump announced an immediate blockade of all ships entering or exiting the Strait of Hormuz, one of the world's most critical oil chokepoints, following the collapse of high-stakes peace talks with Iran. This move marks a sharp escalation amidst a fragile ceasefire in a conflict that has simmered since February. The blockade, which went into effect Monday, has added significant