US president tells Financial Times his ‘preference would be to take the oil’ but that ‘some stupid people back in the US say: why are you doing that?’

US president says he is extending deadline for strait of Hormuz to reopen to 6 April; Houthis tell Lloyd’s List ‘no reason’ to prevent Saudi oil using Red Sea route

Tehran says it will confront any land attack, as Houthi missiles fired at Israel signal further escalation in region