President Donald Trump said the US will blockade the Strait of Hormuz following the failure of peace talks with Iran in Islamabad this weekend, a move that will likely exacerbate oil and fuel shortages globally.

“Effective immediately, the United States Navy, the Finest in the World, will begin the process of BLOCKADING any and all Ships trying to enter, or leave, the Strait of Hormuz,” Trump said in a social media post, essentially blocking Iran’s means of exporting oil.

On today's show, Bloomberg This Weekend hosts Christina Ruffini, Tim Stenovec, and Lisa Mateo speak with:

- Former National Security Adviser John Bolton, who says a blockade "makes sense" following the failed peace talks with Iran in Islamabad.

- Axios National Security Editor Dave Lawler, Bloomberg News White House Reporter Jeff Mason and Congressional Reporter Alicia Diaz, on what President Trump's blockade could entail.

- Mike McGlone, Bloomberg Intelligence Senior Commodities Strategist, on what an escalation in the Strait will do to oil and energy prices.

- Bloomberg News Senior Editor Derek Wallbank on using ChatGPT to train for the Paris Marathon.

For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video.

See omnystudio.com/listener for privacy information.

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