Trump Maintains Naval Blockade of Iran Amid Rising Oil Prices and Concerns Over Strait of Hormuz

President Donald Trump reaffirmed the U.S. naval blockade of Iranian ports, citing concerns over the Strait of Hormuz remaining closed. Oil prices fluctuated sharply, with Brent crude reaching a high of $126 before settling near $111, as tensions between the U.S. and Iran persist. Rising gasoline prices in the U.S., particularly in California, have become a growing political concern for Trump's party ahead of the midterms.

By Kate Sullivan Fri, May 1, 2026 at 6:28 AM GMT+3 4 min read · Yahoo Finance ·

Trump Maintains Naval Blockade of Iran Amid Rising Oil Prices and Concerns Over Strait of Hormuz

Topics: blockade Donald Trump gas prices Iran oil prices Strait of Hormuz

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