Trump Warns Prolonged Iran Blockade as Oil Prices Surge to Four-Year High
US President Donald Trump has warned that the naval blockade on Iran could last for months. He argues it is more effective than bombing to force Tehran to abandon its nuclear program. After his remarks, oil prices spiked to their highest levels in over four years. Brent crude reached $126.41 per barrel and West Texas Intermediate climbed to $110.31 before easing slightly. Trump is set to meet with CENTCOM commander Admiral Brad Cooper to review new military options. US forces recently intercepted the 42nd commercial vessel attempting to bypass the blockade. The action has stalled around 69 million barrels of Iranian oil, worth over $6 billion. It comes amid stalled negotiations, warnings from Russia and the UN on rising poverty risks, and growing regional tensions beyond the Strait of Hormuz.
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