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Posted on 04/30/2026 1:43:50 PM PDT by lasereye
President Trump has reportedly told his aides to prepare for a prolonged US blockade of the Strait of Hormuz, the world’s most critical waterway for global energy flows. On Wednesday, the president told Axios he is maintaining the blockade until Iran agrees to a deal over its nuclear program.
The pressure campaign carries mounting costs beyond Iran. While the near-total cessation of flows through the key waterway is cutting off hundreds of millions of dollars in revenue for Tehran, it’s also choking key corners of the global market.
By extending the blockade, Trump is wagering that Iran’s export-dependent economy will buckle before higher fuel prices, supply shortages, and renewed inflation inflict unacceptable damage on US consumers and allies abroad.
“‘Economic war’ has become the US’s main strategy for getting Iran to make principal concessions to the US,” Macquarie Bank strategist Thierry Wizman said.
Futures on Brent crude, the international benchmark, reached their highest prices since June 2022 on Wednesday, climbing as much as 7.8% to reach $120.22 per barrel.
For Iran, where oil and gas exports account for roughly 80% of the country’s export revenue, per JPMorgan, the economic effects are acute. President Trump has claimed in social media posts that Iran is losing roughly $500 million per day and that the regime has told the White House the country is in a “state of collapse.”
Iran likely has less than a month before it will need to begin shutting down oil wells as its storage sites reach capacity, according to maritime intelligence provider Kpler, risking damage to already brittle infrastructure.
Trump has insisted he’ll maintain the blockade until Iran agrees to a deal over its nuclear program.
(Excerpt) Read more at finance.yahoo.com ...
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Eventually they will find ways to route pretty much everything around the Strait and oil prices will fall.
When will oil price fall? Short minded idiots will remember this when they go to vote and we’ll be stuck with Marxists running everything. This needs to be resolved now!
Just ask Big Mo. Say where is he?
I dont see why we dont control and have command over the strait so that traffic can flow today. With air superiority and constant surveillance, any boat bigger than a one man dingy that moves from Iranian shores towards the shipping lanes should be vaporized withing a mile of the shore line. That seems like it would open the strait, even if only while we are still there. Is that whats happening now? I dont know but from lack of reporting it doesnt seem like it.
Who is Big Mo?
Mojtaba Khamenei. One leg. Hops a lot. May be found in gay bars.
”Convince Donald Trump to start a military campaign against Iran.”
That’s how ‘effing retarded this is.
Isn’t Big Mo a vegetable in Russia?
Destroy Kharg Island, and the IRGC Government goes broke.
“When will oil price fall? Short minded idiots will remember this when they go to vote and we’ll be stuck with Marxists running everything. This needs to be resolved now!”
____________________________________________________________
What makes you think oil prices will fall soon, if ever? The war has effectively stopped oil production throughout much of the middle east right now, and it will take YEARS for it to return to pre-war levels.
20% of world oil is stopped right now. Just as importantly, refining capabilities have diminished everywhere.
This is basic economics and “the market” at work. We have a high demand oil economy, and a significant decline in oil goods availability. That means prices go up until they balance out again.
It’s a hidden war tax we’re paying.
Saudi Arabia’s pulling out of OPEC May 1st. I expect prices to start falling then.
LA, CA and Hollywood are all dying the Olympics will be an embarrassment .
I LOVE PAYING OUT THE @$$ AT THE PUMP MR. TRUMP
We aren’t blockading the strait. We are blockading Iranian ports.
Yahoo BS.
I believe it’s UAE
Fortunately for the world, President Trump’s IQ is about 100 points higher than yours.
Yeah, stock markets tanked on Covid.
The sky fell when PDJT announced tariffs a year ago.
Oil soared when we attacked Iran.
OTOH, markets today are adjusting. Stocks near or above all time highs.
All in an atmosphere of doom and gloom perpetuated by defeatist articles and democrats.
There is no way, unlike our previous eight Presidents, Trump will leave behind a nuclear Iran to kill more Americans.
The ships don’t want to take the risk they perceive.
Bug off Zambia loser
Panicans and boomers live to be miserable.
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