Monday's News Links

[CNBC] Dow futures drop 400 points after Trump announces Strait of Hormuz blockade as talks fail: Live updates

[Yahoo/Bloomberg] Oil Surges With Gas as US Blockade of Hormuz Escalates Crisis

[AP] Live updates: US Central Command says it will begin a blockade of Iranian ports on Monday

[Reuters] Trump says gas prices may remain high through November midterm election

[Bloomberg] Global Bonds Slide as Failure of Talks Adds to Inflation Fears

[Bloomberg] Trump’s Hormuz Blockade Risks Piling on Pain Across Asia

[Bloomberg] Trump’s Blockade of Iran Ports Risks Expanding War to High Seas

[Bloomberg] Taiwan Plans Drills to Break Potential Chinese Energy Blockade

[WSJ] White House Fields Warnings About Iran War’s Economic Hit

[WSJ] AI Is Using So Much Energy That Computing Firepower Is Running Out

[WSJ] Surcharges Are Suddenly Everywhere—And Grumpy Americans Are Paying Up

[FT] We are stuck in a currency doom loop