Business

President Trump announced that the US blockade of Iranian ports is proving effective, urging Tehran to “just give up” amid escalating tensions. Iran’s Parliament Speaker dismissed the blockade’s impact, stating it has only increased global oil prices, while tensions in the Strait of Hormuz continue to disrupt markets.

CITY AM SAYS Jeremy Hunt has denied the UK economy has a “broken leg” but admitted it is suffering from a “sprained ankle.”

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