Oil jumps 5% after Trump reimposes Iran blockade

The price of oil jumped after President Trump declared on social media that the U.S. would be “reimbursed” for helping ships transit the Strait of Hormuz.

Trump reimposes blockade on Strait of Hormuz, declares 20 percent US toll on shipping

President Trump said Monday that the U.S.’s naval blockade on the Strait of Hormuz will be reinstated as both Washington and Tehran fight for control of the crucial waterway after…