The president thinks now is a good time to try to make money off the Strait of Hormuz.

WASHINGTON -- US President Donald Trump said Monday that the United States was reinstating a naval blockade on Iran in the Strait of Hormuz.

The U.S. and Iran have made conflicting statements about whether the Strait of Hormuz is open to shipping traffic.

In a bold move, US forces are set to re-establish a naval blockade in the vital Strait of Hormuz, specifically aimed at Iranian operations. This initiative is designed to…