Markets 
President Donald Trump is considering fresh strikes on Iran after high-stakes peace talks with the regime failed — and as the US prepares Monday to block the Strait of Hormuz, according to a report.
The president is mulling limited military strikes on the country, sources told the Wall Street Journal.
An all-out bombing campaign on Iran’s infrastructure is also on the table after negotiations with the Islamic Republic fell through in Pakistan on Sunday, the sources said, but is unlikely.
Trump, meanwhile, threatened again to target Iran’s infrastructure.
“I would hate to do it, but it’s their water, their desalinization plants, their electric-generating plants, which are very easy to hit,” the president told Fox News on Sunday.
A White House spokeswoman declined to discuss Trump’s specific plans as the blockade is set to go into effect at 10 a.m. EST.
“The President has already ordered a naval blockade on the Strait of Hormuz, ending the Iranian extortion, and wisely keeps all additional options on the table,” White House spokeswoman Olivia Wales told the Journal. “Anyone who is telling The Wall Street Journal that they know what President Trump will do next is purely speculating.”
US Central Command announced Sunday the US military would stop “all maritime traffic entering and exiting Iranian ports.”
The blockade will be enforced “impartially” against all nations, regardless of ships’ point of origin, officials said.
“Effective immediately, the United States Navy, the Finest in the World, will begin the process of BLOCKADING any and all Ships trying to enter, or leave, the Strait of Hormuz,” Trump declared on Truth Social Sunday.
Read the full article here
