Monday's News Links

[CNBC] Dow falls more than 300 points as oil prices jump with the U.S. set to block the Strait of Hormuz: Live updates

[Yahoo/Bloomberg] Oil Rallies as US Vow to Blockade Iran Heightens Supply Risks

[AP] Live updates: Pope renews calls for peace as US-Vatican feud erupts over Iran war

[AP Iran threatens ports in Mideast as US military set to impose shipping blockade

[Yahoo/Bloomberg] Iran Sends Gulf Port Warning After US Threat to Block Hormuz

[Yahoo/Bloomberg] Three Tankers Attempt Hormuz Transit After US Flags Blockade

[Yahoo/Bloomberg] What We Know About Trump’s Plan to Blockade Hormuz: Explainer

[Axios] The logic behind the U.S. blockade

[Reuters] US blockade of Iran will be major military endeavor, experts say

[Axios] "The door is not closed": Mediators rush to revive U.S.-Iran talks

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

[Yahoo/WSJ] Goldman Sachs Reports Record Quarter in Banking and Trading

[Yahoo/Bloomberg] EU Aims to Unblock €90 Billion Ukraine Loan After Orban Loss

[AP] Iran war’s global energy crisis sharpens China’s advantage in clean tech

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

[Bloomberg] China Urges Restraint as Trump Threatens to Blockade Hormuz

[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] Hungary’s Magyar Calls for Swift Transition of Power After Vote

[Bloomberg] China Credit Slowdown Worse Than Forecast as Loan Demand Weakens

[Bloomberg] China Starts Bankruptcy Liquidation of Shadow Bank Zhongzhi

[Bloomberg] Why India’s Weak Rupee Is About More Than Just the Iran War

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

[NYT] China’s Electrostate Is Poised to Win From War in the Middle East

[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] Aluminum Prices Rise to Four-Year High on Hormuz Blockade Fears, Failed Iran Talks

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

[FT] Goldman bond traders take shine off bumper quarter

[FT] Why time is on Iran’s side

[FT] We are stuck in a currency doom loop

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] US military says it will blockade Iranian ports after ceasefire talks ended without agreement

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

[Axios] Trump pitches Iran blockade as boon to U.S. oil

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

[Axios] Earthquake in Hungary: Orbán defeated after 16 years in power

[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

[FT] Trump announces naval blockade of Strait of Hormuz as Iran peace talks fail