Tehran has threatened to halt all Middle East energy exports and cut off vital seaways. This warning comes in response to the United States reimposing its blockade on Iran.
President Donald Trump had reportedly considered implementing a toll on shipping through the Strait of Hormuz. However, President Trump has since retreated from these plans, reversing his initial stance.
The situation creates new risks for the global economy. This is a developing story and will be updated as details emerge.
