Trump announces renewed Iran naval blockade as Washington, Tehran trade fresh strikes

US President Donald Trump declared a renewed naval blockade against Iran, aiming to keep the Strait of Hormuz open for commercial shipping despite Iran's objections. This move comes amid escalating tensions between Washington and Tehran, marked by fresh military exchanges in the region. The blockade is a significant escalation in the ongoing geopolitical conflict, potentially heightening global oil market volatility and impacting international trade routes. The strategic waterway is crucial for global oil supply, and these developments could have far-reaching implications for regional and global security.