US President Donald Trump has announced a sweeping naval operation targeting the Strait of Hormuz, one of the world’s most important oil transit chokepoints, in a move that risks deepening a global crisis and further complicating ties with Beijing in the countdown to next month’s summit. “Effective immediately, the United States Navy, the Finest in the World, will begin the process of BLOCKADING any and all Ships trying to enter, or leave, the Strait of Hormuz,” Trump said in a social media post...