Trump details sweeping 'all or nothing' blockade of Strait of Hormuz after failed Iran talks

This material may not be published, broadcast, rewritten, or redistributed. ©2026 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by LSEG. President Donald Trump joins Maria Bartiromo on ‘Sunday Morning Futures’ to detail the Strait of Hormuz blockade, warn Iran on nuclear weapons, outline next U.S. military and economic steps after failed peace talks and more. President Donald Trump detailed a sweeping "all-or-nothing" U.S. blockade of the Strait of Hormuz in a "Sunday Morning Futures" exclusive interview, vowing to choke off Iran’s oil profits and warning that no country — ally or adversary — will be allowed to bypass the crackdown. "We're not going to let Iran make money on selling oil to people that they like and not people that they don't like... It's going to be all or none and that's the way it is," Trump said. "You saw what we did with Venezuela. It'll be something very similar to that but at a higher level." The president told Fox News’ Maria Bartiromo that the policy would be