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Oil price rises back over $100 a barrel after Trump announces naval blockade of strait of Hormuz – business live

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The US blockade of the strait of Hormuz is a blow to the 20,000 seafarers who have been trapped in the Gulf for the last six weeks.

One told us last week:

“I gave my notice exactly one month ago. I’ve informed the master, I’m not willing to sail through the strait. It’s about safety, it’s all about safety.”

Continue reading…Rolling coverage of the latest economic and financial newsStrait of Hormuz blockade explained: why is Trump threatening it now and will it increase the price of oil?The US blockade of the strait of Hormuz is a blow to the 20,000 seafarers who have been trapped in the Gulf for the last six weeks.One told us last week:“I gave my notice exactly one month ago. I’ve informed the master, I’m not willing to sail through the strait. It’s about safety, it’s all about safety.” Continue reading…