President Donald Trump has warned that a US naval blockade against Iran could last for months, sending oil prices soaring to their highest levels in more than four years. Speaking to Axios, Trump said the naval action was choking Iran like a stuffed pig and would only get worse for the country. He argued that the blockade was more effective than bombing.
Oil Prices Spike
Oil prices jumped sharply, with US benchmark Brent crude spiking more than seven percent to $126.41 for June delivery, while West Texas Intermediate rose around three percent to $110.31. Both benchmarks later pared some gains but remained elevated. The price surge pushed oil to its highest level since 2022, reflecting market fears of prolonged disruption in the Gulf region.
Iran's Response
Iran's President Masoud Pezeshkian responded on Thursday, calling the US naval blockade doomed to fail. In a statement, he said any attempt to impose a maritime blockade or restrictions is contrary to international law and will not achieve its targets. He added that such measures would not enhance regional security but would instead be a source of tension and disrupt lasting stability in the Arabian Gulf.
Strait of Hormuz at Risk
Iran has sought to exert control over the Strait of Hormuz, a narrow waterway through which about one-fifth of global oil typically transits. Tehran has demanded the blockade end before any deal can be reached. The standoff continues to threaten global energy supplies, with analysts warning of further volatility.
