India, April 13 -- U.K. stocks drifted lower Monday morning amid rising tensions in the Middle East amid renewed threats from U.S. President Donald Trump to block the Strait of Hormuz following the collapse of U.S.-Iran peace talks over the weekend.
Following the failure of peace talks, U.S. President Donald Trump ordered blocking all ships trying to enter or leave the Strait of Hormuz, heightening fears of a prolonged conflict and disruptions to key energy supplies from the Persian Gulf region.
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