Just before the latest strikes Trump said Iran would be hit ‘very hard’; UAE says Iranian cruise missiles hit two oil tankers in strait, killing a crew member and wounding eight US launches third night of strikes on Iran as Trump announces Hormuz blockade Stocks have fallen and oil hit a one-month high in Asian trading on Tuesday after Donald Trump said the US was reinstating its blockade of Iranian shipping in the strait of Hormuz . Shares in Taiwan and South Korea were particularly hard hit, while Japan’s Nikkei 225 fell 0.8%. Continue reading...