U.S. President Donald Trump announced today (Sunday) a dramatic escalation in the confrontation with Iran, declaring a full naval blockade of the Strait of Hormuz. The move comes just hours after reports of the unsuccessful conclusion of a round of talks between the American and Iranian delegations in Pakistan, and after the White House made clear it would not tolerate illegal transit fees being collected in the strait’s international waters. Trump wrote on his Truth Social platform: "Iran promised to open the Strait of Hormuz, and they knowingly failed to do so. This caused anxiety, dislocation, and pain to many...