“President Trump’s announcement that the U.S. military would blockade the Strait of Hormuz sets up a risky new showdown that could draw American forces into a prolonged struggle to control the strategic chokepoint while compounding the global economic damage caused by the conflict,” the Wall Street Journal reports.“The blockade is set to begin Monday at 10 a.m. Eastern Time.”CNBC: Oil prices surge above $100 as U.S. Navy to blockade Iran’s ports after peace talks fail.