Sunday Evening Links

[CNBC] Oil prices surge above $100 as U.S. Navy to blockade Iran’s ports after peace talks fail

[CNBC] Dow futures drop 500 points after Trump announces Strait of Hormuz blockade as talks fail: Live updates

[Yahoo/Bloomberg] Wary investors eye another escalation in Iran war 

[Yahoo/Bloomberg] Bond traders snap back to inflation as higher-for-longer sets in

[Yahoo/Bloomberg] US to blockade ships entering and leaving Iranian ports Monday

[Yahoo/Bloomberg] Trump says US to sever key Iran lifeline with blockade of Hormuz Strait

[AP] Live updates: Trump says he’ll direct the US Navy to blockade the Strait of Hormuz

[Yahoo/Bloomberg] UK won't take part in Trump’s planned blockade of Hormuz Strait

[Politico] Orbán’s 16-year rule over Hungary ends in crushing election defeat

[Yahoo/Bloomberg] Hungarian Opposition Poised to Win Supermajority in Election

[Bloomberg] European Gas Prices Jump as Trump Threatens Hormuz Blockade

[WSJ] Trump Weighs Limited Strikes Against Iran After Peace Talks Collapse

[WSJ] U.S. Threat to Blockade Hormuz Sets Up Risky New Showdown

[WSJ] In Economic War, Chokepoints Beat Tariffs

[FT] Hungary’s Orbán concedes defeat as opposition heads for landslide win