The unsurprising news from the weekend:US-Iran talks break down. Trump announces blockade of the Strait of HormuzAs I said on Friday, prior US administrations had extensive talks with Iran over years and years, occasionally achieving an incremental agreement on an issue. The goal of this admin was to get a wide ranging agreement in one weekend. Silly. The USD is up on this. It should also boost oil and weigh on equities once those markets open. This article was written by Eamonn Sheridan at investinglive.com.