President Trump on Saturday issued a blistering ultimatum to Iran, warning that it has 48 hours to fully reopen the Strait of Hormuz or face US strikes that would “obliterate” its vital energy infrastructure. “If Iran doesn’t FULLY OPEN, WITHOUT THREAT, the Strait of Hormuz, within 48 HOURS from this exact point in time, the United States of America will hit and obliterate their various POWER PLANTS, STARTING WITH THE BIGGEST ONE FIRST!” the president fumed on Truth Social. Iran has effectively closed the crucial waterway — responsible for a fifth of the world’s oil exports — since Trump launched...