Can an 80-year-old chuck a toddler temper tantrum? Donald Trump’s declaration that the US will charge a toll on ships passing through the Strait of Hormuz would certainly suggest it is possible.Trump seemed to realise the jam he’s got himself into in Iran on Monday night, after another week of missile strikes appeared to achieve little more than reinforcing that it’s Iran, and not the US, that ultimately controls the flow of traffic through the strait.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Suddenly, five warning signs are flashing for markets
Oil prices are well below their Iran war peaks, but real-world bills remain worryingly high. That’s adding to concerns about inflation, interest rates and debt.
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