Blocking Iranian ports may prompt China to put more pressure on Iran to reach a deal

Simon JackBusiness editor The collapse of talks over the weekend and Donald Trump's threat to blockade ships coming from and heading to Iranian ports has had the expected impact on markets. Oil prices have surged back above $100 a barrel, Asian stock markets have fallen and European market futures point to a lower opening. But the wider canvas here is what seems an attempt to bring more pressure to bear on China. Although China has large oil reserves and gets a lot of oil from Russia, Iran provi