Trump Vows to Blockade Hormuz After Iran Talks Fail
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Good morning. Trump threatens a Hormuz blockade after US-Iran talks fail. Japan is pouring $16 billion into Rapidus for the AI chip race. And Apple is preparing AI glasses to rival Meta’s. Listen to the day’s top stories.
Donald Trump said the US will begin a full naval blockade of the Strait of Hormuz—set to begin at 10 a.m. Washington time Monday—after talks with Iran in Islamabad ended without progress on issues including Tehran’s nuclear program and control of the waterway. Iran’s president told Vladimir Putin the country is “fully prepared” for a fair deal. Two oil tankers aborted transits through Hormuz as negotiations broke down, a move that may lift crude prices and spur broader risk-off sentiment.