Dow futures experienced a significant drop of 500 points following an announcement from President Trump regarding a blockade of the Strait of Hormuz. This development comes after diplomatic talks reportedly failed.
The U.S. military has stated its intention to blockade all Iranian ports, with operations expected to commence on Monday. Reports indicate that ship traffic in the Strait of Hormuz has already begun to halt.
This action by the U.S. is setting up a risky new confrontation in the region. This is a developing story and will be updated as details emerge.
