Iran's military declared the Strait of Hormuz closed again on Saturday, its military command said, hours after reopening it and with numerous commercial ships abandoning attempts to pass through the vital waterway.

Get the news of the day, all in one place

Lutnick added during a Semafor event Friday that suggestions Canada is biding its time amid mounting political pressure for the U.S. is 'the worst strategy I've ever heard.'

The Canada Revenue Agency has paid out another $5-million refund to a single taxpayer, this time to a B.C. businesswoman, despite what it now alleges was a bogus return that included "illogical" and "falsified" information.

Defense Secretary Pete Hegseth said the U.S. would continue its blockade for as long as necessary, saying “we can do this all day.”