US President Donald Trump has suggested he is willing to oversee a lengthy blockade of the Strait of Hormuz.
Mr Trump said the US does not have to “rush anything” while “we have a blockade which allows them [Iran] no money”.
“It’s a very simple thing: we cannot let them have a nuclear weapon, because they’d use it”, he said.
While he gave little away about a timeframe, an extended closure of the Arabian Gulf and Hormuz would further damage the global economy, and probably lead to long-term higher energy prices.
Asian countries heavily reliant on energy imports, and the Gulf states, would be significantly affected.
