Global Daily: Master and Commander-in-Chief(?)

Financial markets are back in a risk-off mood today following news over the weekend that US-Iran peace talks ended without agreement and a statement by CENTCOM that the United States will be initiating its own blockade of the Strait of Hormuz from today. President Trump took to Truth Social to say that he has instructed US forces to “interdict” every vessel in international waters that had paid a toll to Iran, while also threatening that any Iranian who fires upon US or peaceful vessels will be “blown to hell”.