Trump warns Iran as Strait of Hormuz blockade continues

President Trump says his patience with Iran is running out as the Strait of Hormuz remains closed. He discussed the issue with China and may lift oil sanctions.

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United States President Donald Trump warned Friday that his patience with Iran is ending as oil prices rose around 3% to around $109 a barrel. The warning follows two days of talks in China regarding the ongoing blockade of the Strait of Hormuz. Continued disruption threatens 20% of global energy supplies and pressures the Federal Reserve to raise interest rates.

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