The US has seized another tanker suspected of carrying Iranian oil as US President Donald Trump claims his blockade is destroying Tehran’s economy. “Their economy is crashing, their … money is valueless, they’ve got inflation that nobody’s ever seen before,” President Trump said. Investors are concerned the stalled talks between Iran and the US could lead to a prolonged closure of the Strait of Hormuz as the price of Brent Crude oil jumped to $119 a barrel. This comes as President Trump is reportedly planning to extend America’s blockade of the Strait of Hormuz indefinitely to collapse Iran’s economy and force the regime into a deal.
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