Trump vows not to be 'blackmailed' by Iran

Following a chaotic morning in the Strait of Hormuz, both the United States and Iran have gone quiet. Iran has closed the strategic waterway again, escalating the ongoing crisis. In response, President Donald Trump declared he would not be 'blackmailed' by Iran, signaling a continued hardline stance from Washington. As of Friday, markets were anticipating a second meeting between the two sides, but the renewed closure and rhetoric cast doubt on diplomatic progress.