WATCH: Donald Trump accuses Iran of 'blackmailing the world' amid Strait of Hormuz blockade

US President Donald Trump has accused Iran of "blackmailing the world" as he provided his latest update on the Middle Eastern conflict.Speaking to the media, Mr Trump said: "We can't let a country blackmail or extort the world because that's what they're doing. They're really blackmailing the world. We're not going to let that happen."We've been called this morning by the right people, the appropriate people, and they want to work a deal. They would like to work a deal."WATCH ABOVE.