FTSE 100 Live: Stocks shaky as Trump threatens ‘crushing economic operation’ on Iran

Welcome back to the City AM liveblog. Oil prices are holding over $91 as the US and Iran remain embroiled in conflict over which nation is controlling the Strait of Hormuz. President Donald Trump has insisted oil continues to flow through the narrow waterway, even as stockpiles have depleted. Trump has said that there

President Trump said Wednesday the U.S. might return to negotiations with Iran eventually, but he said currently "the situation is so good."

“Therefore, today, I am announcing the MOST CRUSHING ECONOMIC OPERATION EVER TAKEN AGAINST ANY COUNTRY!" Trump announced. “This will be Economic Warfare and Isolation on an unprecedented scale.”

U.S. President Donald Trump on Wednesday warned ‌of economic consequences against any country that supported ​Tehran or provided "any ​type of lifeline to Iran."

President Trump announced Wednesday evening the “MOST CRUSHING ECONOMIC OPERATION EVER” against Iran amid negotiations to reopen the Strait of Hormuz, a major oil trading waterway that has been effectively closed since early March.  “This will be Economic Warfare and Isolation on an unprecedented scale,” the president

Trump announces 'most crushing economic operation ever taken' against Iran  thenationalnews.com

US president also says any country that trades with Iran will 'face tremendous economic consequences'.